New Build Scheme of Five Contemporary Apartments

• A positive planning decision is expected from the London Borough of Islington in December 2017.
• Redtree purchased this freehold in 2012 and initially held it as an investment. In 2017, Redtree obtained permitted Development Rights to convert the ground floor retail unit into 1 x one bed flat.
• In 2018, Redtree obtained a further planning permission to demolish the upper two floors and replace with a four storey structure comprising of 4 x 1 one bed flats.
• Construction work is due to commence in February 2019.

£2,500,000