Wickside Development, Hackney Wick
Daniel Watney were instructed by Southern Housing Group to provide a valuation for acquisition purposes.
The 6.8 acre site, a former waste recycling depot, benefits from planning consent for a comprehensive mixed-use development including a variety of residential and commercial land uses including 435 new homes and up to 39 commercial units.
The proposed commercial units comprise a range of uses including offices, light industrial, a craft brewery, retail shops, restaurants, artists studios and creative workshops and D1 and D2 uses.
Our Role
Full inspection of the existing site, along with a comprehensive tour and inspection of the local area including other local development sites both consented and under construction.
Full due diligence and statutory enquiries relating to tenure, environmental considerations, planning policy and a review of the planning consent including composite plans and proposed unit areas.
Comprehensive research and data gathering to effectively analyse the market for each land use and deduce trends and recent transactions to support our valuations and inform commercial leasing strategy.
Result
Daniel Watney property valuation agents provided a Red Book compliant valuation on the basis of Market Value and assess three separate valuation scenarios in order to inform the Client’s acquisition and forward funding deal.
