Abbey Wood, SE2 Ref: 32635

A rather unusual development opportunity in that the 'donor' property; a working men's club was only built in 2016. Our clients acquired the property as an investment and secured planning permission to extend and convert the building to provide a day nursery and 4 residential apartments. Whilst development sites continue to prove popular, in our opinion the consent didn't necessarily add to the existing use value. Our logic is that standalone buildings with E or F class use are highly sought-after by faith and educational groups, and the value to such a buyer could negate the development angle entirely. The property proved popular in the market with offers received for a variety of uses. Ultimately the existing F-class use prevailed, with the property sold to a local faction of an international faith group.

PROJECT ADDRESS: The Maybloom Social Club, Bostall Hill, Abbey Wood, London SE2 0RA

Adam Miles

[{"featureType":"administrative.land_parcel","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"landscape.man_made","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"poi","elementType":"labels","stylers":[{"visibility":"on"}]},{"featureType":"road","elementType":"labels","stylers":[{"visibility":"simplified"},{"lightness":20}]},{"featureType":"road.highway","elementType":"geometry","stylers":[{"hue":"#f49935"}]},{"featureType":"road.highway","elementType":"labels","stylers":[{"visibility":"simplified"}]},{"featureType":"road.arterial","elementType":"geometry","stylers":[{"hue":"#fad959"}]},{"featureType":"road.arterial","elementType":"labels","stylers":[{"visibility":"on"}]},{"featureType":"road.local","elementType":"geometry","stylers":[{"visibility":"simplified"}]},{"featureType":"road.local","elementType":"labels","stylers":[{"visibility":"simplified"}]},{"featureType":"transit","elementType":"all","stylers":[{"visibility":"on"}]},{"featureType":"water","elementType":"all","stylers":[{"hue":"#a1cdfc"},{"saturation":30},{"lightness":49}]}]