The Story So Far

ALPHA HOUSE REGIS ROAD KENTISH TOWN LONDON NW5

The Property  This is a very good quality brick built single storey industrial building with ancillary offices totalling about 1,860 sqm/20,000 sqft. It was built by Alpha Jewels Ltd., a subsidiary of Swarovski of Austria, for their own occupation about 15 years ago to a quality which only an owner occupier could afford. For example, it is constructed in a single span so there are no interrupting columns and only clear space, it is high, has windows in the side elevations and so has an unusually large amount of natural light. The walls are brick and not the usual plastic coated steel, it sits on its own self-contained site with car parking and is surrounded by a security fence.

It was offered to us after Alpha Jewels decided to relocate to Morocco. We bought at 2m with the intention of letting the building for two or three years, most probably to a distributor, with a view to working up a design to allow the building to be used for offices/studios.

Why Buy? A very rare high quality single storey industrial building in an excellent part of Central London with very good growth prospects and the added benefit of an alternative use. The decision to buy certainly proved to be the right one, given the margin achieved on sale.

Why Sell? We employed Alford Hall Monaghan Morris, leading architects, to come up with a scheme and Jackson Coles, quantity surveyors, to cost it. Whilst we were developing our plans, Recloose approached us as they were interested in buying the building for occupation by their associate company, Morgan UK, fashion retailers. Recloose/Morgan "made us an offer we couldn't refuse". We sold our contract onto Recloose prior to completion.

This was an unusual deal for us. However, the margin offered was too great to turn away.

Contact Us

10 Knaresborough Place
Kensington
London SW5 0TG

Ivor A French FRICS
T 020 7244 4202
M 078 9999 1111
Email Ivor

David Coleman MRICS
T 020 7244 4214
M 079 5696 6677
Email David