Hestia Home Development
Flat D, Commercial Road E14
Development Management: Magdalena Skinner
Interior Design: Hestia Home Development
Lettings & Management: Hestia Estates Ltd
Gross area: 2,336sqft (retail to residential)
A four storey mixed use property in close proximity to Limehouse station, purchased for £420,000.
With three flats already completed and occupied by tenants, the project is already generating revenue.
If the development of a further four storey property to the rear of the building is approved, the project will deliver a margin on cost in excess of 60% within just three years.We achieved a valuation between £886psf (bank) & £1,000psf (agent) in an area that typically achieves <£500psf and should achieve more than 60% margin on cost.
