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What is the worth of Loftus Road?

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  • What is the worth of Loftus Road?

    In view of any possible restrictions on what could be built there instead of the stadium, how much would it fetch on the real estate market today? I mean if/when we eventually move to the new stadium, how much could we recoup by selling LR?
    Banning people is no longer my hobby,
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  • #2
    id say about 20-40 mil off the top of my head.

    a couple of years ago, royal mail wanted 50 mil for its office in paddington. it sits on pretty much the same size of land
    nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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    • #3
      How big is the site?

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      • #4
        from prade street and backs onto st marys hospital. id guess at an acre and a half squared
        nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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        • #5
          ok, change that lol

          http://www.royalmailgroup.com/disposal-paddington-site
          nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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          • #6
            That idiot Tony who has never made any money in business will probably sell it for a few cans of special brew

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            • #7
              in propery developing terms its worth a pretty penny due to location...though 'exclusive'apartments oppo white city not exactly mouth watering!
              you know nothing john snow!!!!

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              • #8
                They want to sell it or develop it themselves i would think. Any money made from it will go towards their new super entertainment complex.

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                • #9
                  Originally posted by Factamondo View Post
                  in propery developing terms its worth a pretty penny due to location...though 'exclusive'apartments oppo white city not exactly mouth watering!
                  Or appartments exclusively for Somalians.
                  "The kids missed everything from Queens Park Rangers to Conkers".

                  London Pride has been handed down to us.
                  London Pride is a flower that's free.
                  London Pride means our own dear town to us,
                  And our pride it for ever will be.

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                  • #10
                    good call lonesie....addis ababa heights gotta ring about it!
                    you know nothing john snow!!!!

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                    • #11
                      Originally posted by loneranger View Post
                      Or appartments exclusively for Somalians.
                      You're not wrong.

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                      • #12
                        Originally posted by Factamondo View Post
                        good call lonesie....addis ababa heights gotta ring about it!
                        Isn't that the capital of Ethiopia.

                        Probably first of all they will try to get a change of use so it can be used for housing, shops etc.

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                        • #13
                          I saw an article a few years ago when we were looking at the Dairy site etc and at that time they were saying £27m

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                          • #14
                            Originally posted by QPRWEBBIE View Post
                            I saw an article a few years ago when we were looking at the Dairy site etc and at that time they were saying £27m
                            you can treble that now.
                            nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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                            • #15
                              I worked for one of the big Housebuilders for a while and a very rough guide would be the land cost would be 30-40% of the final Sales value of the site. So as an example if there were two hundred flats going on there at say 300k each that would equate to 60m sales value so land would be worth 20-24m. They seem to be quite upmarket terrace properties the other side of it though so it might well be that any developer would go along that route. It really depends on how many units a developer could get on there.

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