Turnpike Lane

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.

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