A storage depot sitting inside a high-value residential pocket of London. Ownership analysis flagged a retiring proprietor, and a direct negotiation secured an option with £5.2m of potential.
The vision
A storage unit in a high-end residential area with conversion potential. Our system identified the opportunity through ownership analysis of retiring proprietors.
Negotiation success
- Initial use: Class B8 storage / depot
- Conversion potential: residential or office / mixed use
- Purchase structure: ~£1.3m (subject to planning)
- Market potential: £5.2m development value
Value creation
- Development opportunity: significant value creation potential
- Strategy: direct vendor negotiation over several months
- Outcome: successful option agreement secured