Year of purchase
March 2013
Cost of purchase and re-development
£1.1m
Year of disposal
March 2015
Sale proceeds
£2.5m
Return on capital investment
261.7%
Background
Property was bought from Haringey Council as an old care home. Study carried out to work out best use and planning permission obtained for re-positioning into residential flats by extending the property and converting it. The building was then broken up and sold on a unit by unit basis to investors and end users.