Value - LR vs A new ground

[davieqpr]

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.

[Hitman34]

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.

[West Acton]

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

[superhoop67]

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

[West Acton]

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

[Abseits]

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???

[1QPRDK]

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.

[CroydonCaptainJack]

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.

[Hitman34]

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.

[Hubble]

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.

[Awin]

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.

[CroydonCaptainJack]

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.

[CroydonCaptainJack]

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.

[Hubble]

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.

[CroydonCaptainJack]

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.