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Value - LR vs A new ground

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  • #16
    The money is to be made developing various properties owned by QPR Holdings. The new stadium is a way of making other planning permission more easy.

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    • #17
      Originally posted by Hubble View Post
      I think you'd get way, way more than that for it. Redeveloped you'd get in the region of 200+ luxury flats that would sell for an absolute minimum of £500K going up to over £2-3M for the penthouses, so the value of that land would be more like £50M in today's market I reckon, maybe more. Take a look at this for a rough guide: https://www.primelocation.com/for-sale/land/london/
      i was not thinking of redeveloping it. just selling it as is, should get around 20mil.

      yep, to redevelop then sell, i would not say that your too far off.

      last year, 3 acrs on nine elms sold for 50mil.

      at loftus road, we are probably a foot print of an acr and half. i would guess 20-25 mil. but thats just a guess.
      nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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      • #18
        Can confirm club made very good impression on my former boss as guest of club yesterday. He’s not qpr but he could not praise the club enough

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        • #19
          Isn't Wormwood Scrubbs public land with the Council as custodians ,and HS2 Wanting to take a fair chunk of it ,doubt if much more will be given up
          Football played the Charlie Ferris way

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          • #20
            Prison potentially for sale in five years massive footprint that’s an option if all else failed

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            • #21
              Could Uncle Tone sell HQ to another arm of his empire for £40 mil and then lease it back to us at a peppercorn rent? You'll gather that I am a financial dunce but this sort of flip-flopping of property is pretty normal amongst the hoi-polloi isn't it???

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              • #22
                Originally posted by Abseits View Post
                Could Uncle Tone sell HQ to another arm of his empire for £40 mil and then lease it back to us at a peppercorn rent? You'll gather that I am a financial dunce but this sort of flip-flopping of property is pretty normal amongst the hoi-polloi isn't it???
                Don´t think hoi-polloi have that much property to flip-flop.
                https://twitter.com/1qprdk

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                • #23
                  Originally posted by Hubble View Post
                  I think you'd get way, way more than that for it. Redeveloped you'd get in the region of 200+ luxury flats that would sell for an absolute minimum of £500K going up to over £2-3M for the penthouses, so the value of that land would be more like £50M in today's market I reckon, maybe more. Take a look at this for a rough guide: https://www.primelocation.com/for-sale/land/london/
                  Then the land itself would be worth 15-20m then Hud. A very rough rule of thumb is a third land a third build cost and a third profit so a developer would pay us 15-20m for it or if we developed it ourselves we would have the profit as well so say 30-35m using your figures.

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                  • #24
                    Originally posted by CroydonCaptainJack View Post
                    Then the land itself would be worth 15-20m then Hud. A very rough rule of thumb is a third land a third build cost and a third profit so a developer would pay us 15-20m for it or if we developed it ourselves we would have the profit as well so say 30-35m using your figures.
                    BANG on once again.
                    nsa/cia spy on this..............┌∩┐(◣_◢)┌∩┐

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                    • #25
                      Originally posted by CroydonCaptainJack View Post
                      Then the land itself would be worth 15-20m then Hud. A very rough rule of thumb is a third land a third build cost and a third profit so a developer would pay us 15-20m for it or if we developed it ourselves we would have the profit as well so say 30-35m using your figures.
                      I meant land value, not including redevelopment. Redeveloped, the new flats could sell for upwards of 200 Million. That's why I said it could be worth around £50M just as land value.

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                      • #26
                        Originally posted by Hubble View Post
                        I meant land value, not including redevelopment. Redeveloped, the new flats could sell for upwards of 200 Million. That's why I said it could be worth around £50M just as land value.
                        All desktop valuations I have seen from reputable agents and developers puts the ground at circa £50 mil with no planning attached.

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                        • #27
                          Originally posted by Hubble View Post
                          I meant land value, not including redevelopment. Redeveloped, the new flats could sell for upwards of 200 Million. That's why I said it could be worth around £50M just as land value.
                          Fair enough mate. I think you would be hard pushed to get 200 flats on there though. It can only be about 3-4 acres in total can't it? And you can't go that high given the surrounding dwellings.

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                          • #28
                            Originally posted by Awin View Post
                            All desktop valuations I have seen from reputable agents and developers puts the ground at circa £50 mil with no planning attached.
                            ok, so would be worth a bit more to us if we developed it ourselves.

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                            • #29
                              Originally posted by CroydonCaptainJack View Post
                              Fair enough mate. I think you would be hard pushed to get 200 flats on there though. It can only be about 3-4 acres in total can't it? And you can't go that high given the surrounding dwellings.
                              It's about 5.5 acres mate - you could easily get 200 flats in there, you could probably get 400 tbh. It can go as high as the existing stadium, which would be about what, 5 or 6 storeys? Plus you can always go down of course.

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                              • #30
                                Originally posted by Hubble View Post
                                It's about 5.5 acres mate - you could easily get 200 flats in there, you could probably get 400 tbh. It can go as high as the existing stadium, which would be about what, 5 or 6 storeys? Plus you can always go down of course.
                                Fair enough, didn't realise it was that big.

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