Blackheath SE3

Grove Court in Kidbrooke Grove, Blackheath was the subject of a high profile marketing campaign conducted by a local agent in January 2005. Set on the edge of the popular Cator Estate, the site was occupied by a block of 8 apartments that remained under single ownership. Each of the flats was let on an assured shorthold agency agreement. Investment clients Erinvale Properties Ltd beat off stiff competition to acquire the site on an unconditional basis. We subsequently assisted Erinvale in re-organising several of the tenancies in order to cement the investment value, engaged the architectural services of Barrett Haskins Designs to prepare a scheme for the redevelopment of the site and set about locating a suitable development partner for the new build project. Barrett Haskins conceived a scheme for four large semi-detached mock Victorian villas. We needed a company with a reputation for the highest possible standards of construction, able to promote a planning application in an affluent Conservation Area, and not afraid to undertake the speculative construction of four houses with a combined value of more than £6m, Enter Octagan Developments. Removed site for their work in West London, Surrey, Berkshire, and Hertfordshire, Octagon were keen to move East, but had been waiting for the right site. Terms were agreed to Octagon to acquire the site subject to planning permission, and Barrett Haskins were employed to manage the application.  The application was supported by Greenwich Council, and following a site visit, by the majority of the Committee. Permission was granted unanimously at local level and Octagon have now started construction of their first site in South East London.

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Posted By Acorn Commercial on 1st January, 2006

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