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December 2006: Bonhams Sales Rooms, London, W2

house for sale w2

The Auction Rooms of Bonhams (approx. 20,000 sq ft) located in the heart of Bayswater. The property was bought for redevelopment.

Acting on behalf of the purchasers, Mr Poulengeris successfully negotiated with the vendor’s agents the purchase of this property for price of £7,500,000. Planning Permission has been granted for part demolition and replace with a residential development of 15 flats 19 parking spaces and office space approx. 12,000 sq ft. Construction has started and the flats are 70% presold.

Total GDV estimated in excess of £37 million.

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