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Cross Lane

Build Tomorrow

Cross Lane

Cross Lane, Hornsey

A neglected site on the banks of the River Colne was an ideal spot for redevelopment. Plans were submitted for the restoration of an existing Grade 2 listed Mill into a 3-bed house together with 19 new build homes. Site with planning permission was sold to Chelmer Housing Partnership. Demolition of two existing buildings and the erection of a five-storey and a six- storey block will provide 50 residential apartments (1,2 and 3 bedrooms) and 187 sqmb of commercial space.


Site with planning permission sold to The Guinness Partnership Limited.

Purchase cost:£5,410,000
Planning and legal costs:£384,000
Selling price:£6,075,000
Commercial returned shell and core – value:£520,000
PROFIT£508,000

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