UK Property Development Opportunity West Hampstead London

UK Property Development Opportunity West Hampstead London

West Hampstead Community Centre
Mill Lane
London
Greater London
NW6
£ 825,000 Freehold

Property located in a parade of shops between Ravenshaw Street and Broomsleigh Street, close to excellent local shopping and transport services.

It comprises 2 Intercommunicating Terrace Properties with D1 Use and an outbuilding to the rear.

The property is suitable for continued D1 use but also a planning application has been submitted to reconfigure the property into retail + 6 residential units. Inc;

- Ground floor retail unit (approx 320 sq.ft)
- Seperate front entrance to 4 residential units (2 x studio flats and 2 x 2-bedroom flats)
- Gated entrance leading to courtyard accessing a 1-bed LG floor flat and a self contained 2 storey 1-bedroom house with parking.

The existing accommodation comprises:

Second Floor Front Room 12' 10" x 15' 0" into Alcoves. Rear Room 9' 1" x 8' 11" into Alcoves. Through Room 26' 3" x 14' 11 narrowing to 11' 10".

First Floor - Front Room 12' 11" x 15' 0" into Alcoves. Rear Room 8' 9" x 12' 11". Through Room 26' 3" x 14' 11 narrowing to 11' 10".

Ground Floor Shop 10' 3" widening to 12' 5" x 26' 5" depth WC, wash hand basin.

Basement Front Room 12' 4" x 14' 2" Rear Room 11' 6" x 12' 9"

Two Storey Outbuilding at Rear comprising: Ground Floor 16' 2" x 11' 5" . Addition Room 6' 0" x 14' 5". First Floor 16' 2" x 11' 5". Ground Floor Office 12' 6" x 13' 0". Gas-fired central heating (not tested). Double gates with vehicular access under archway to Yard at rear.

West Hampstead property Development Opportunity

Kent Building Land With Planning Permission For Sale

Former Service Station for Sale as Building Land

Chatham
Dock Road
Chatham
Kent
ME4

GIA: 18167 sq/ft*

£ 750,000 + VAT Freehold

The development is situated on Dock Road giving easy access to motorway links, the Town Centre and Mainline Railway Station.Dockside Outlet Centre with its selection of shops, bars and restaurants.

The site is a former service station which is now cleared.

Planning permission has been granted for the erection of 17 flats and 7 town houses.

Kent Building Land With Planning Permission For Sale

New Foreign Buyers in New York City

South Americans are replacing Middle East investors and Russian oligarchs as key real estate buyers in New York City, agents say.

International buyers usually account for anywhere from 10 to 15 percent of property buyers in the city, which attracts a global array of investors and second-home buyers. Even through the economic struggles of the last 18 months, Realtors reported a steady stream of international clients looking for bargains.

But the buyers have changed in recent months, a New York Times article suggests.

“Foreigners are once again buying in Manhattan, energizing the still-fragile market. In recent months, according to brokers and developers, the money has been just as likely to come from South America or Mexico as Europe or the Middle East.”

Cuban Property; 99 year Leases for Luxury Villas and Holiday Homes

Foreign real estate investors in Cuba are being granted leases on government land for up to 99 years in a move that could see a raft of luxury villas, holidays homes and golf courses being built.

Developers have been urging the Cuban government to open up to foreign investment and more and more tourists are arriving on the Caribbean island.

A new law published last week loosened property rules to allow 99 year leases for foreigners as part of a package of measures introduced by President Raul Castro to scale back the state’s near total dominance of the economy while attempting to generate new revenue for a government short on cash.

One developer, Canadian based Leisure Canada, is pleased by the move. It wants to build hotels, villas and two golf courses on a beach in Jibocoa, 40 miles east of the capital Havana.

Overseas Property Investment Rises as Interest rates remain Low and Stable

An estate agent survey revealed that overseas property investment is currently at its highest point since April. In fact, 72% of properties owners interviewed in the survey were confident that now is a good time to investigate overseas property investment.

Over half of the survey’s respondents believe that interest rates will remain fixed for the next year. That means stable mortgage borrowing rates, making it easier to refinance a UK home to fund overseas property investment. This is a significant change, as a survey conducted in April revealed 79% of homeowners expected interest rates to rise in the near future.

Currently, popular locations for overseas property investment include Brazil, Spain, the United States and the Caribbean. Brazil in particular has seen an increase in demand for overseas property investment from the UK. Properties in the north east of Brazil offer good value and are becoming especially popular, as the cities of Natal and Recife would be hosting the FIFA World Cup in 2014. Overseas property in Brazil is also attracting foreign investment due to the upcoming hosting of the 2016 Olympic Games in Rio de Janeiro.

While it seems likely that interest rates will hold steady, the property market is unpredictable at best, and it remains to be seen whether British enthusiasm for overseas property investment continues to grow in the coming months.