What is the worth of Loftus Road?

[Kirill]

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?

[Hitman34]

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

[CroydonCaptainJack]

How big is the site?

[Hitman34]

from prade street and backs onto st marys hospital. id guess at an acre and a half squared

[Hitman34]

ok, change that lol

http://www.royalmailgroup.com/disposal-paddington-site

[Brian Wilson]

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

[Factamondo]

in propery developing terms its worth a pretty penny due to location...though 'exclusive'apartments oppo white city not exactly mouth watering!

[vblockranger]

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.

[loneranger]

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.

[Factamondo]

good call lonesie....addis ababa heights gotta ring about it!

[knocker]

Or appartments exclusively for Somalians.

You're not wrong.

[jmelanie]

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.

[QPRWEBBIE]

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

[Hitman34]

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.

[CroydonCaptainJack]

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.