Genuine Q - are there any property developers on this site? If the cost was eg £750m - will it be possible to do a development on a site of that size with panning restrictions on the JH stand [and the Cottage?] and still make a sizeable return? Are we protected against the property speculators due to the likely sums involved? Would welcome any view out there that is much more informed than mine -- SW6.doc

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Tuesday, April 01, 01:02:49am [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4 ]

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Date Posted: Tuesday, March 11, 02:49:02pm
Author: f bloke
Author Host/IP: host86-134-8-227.range86-134.btcentralplus.com / 86.134.8.227
Subject: Genuine Q - are there any property developers on this site? If the cost was eg £750m - will it be possible to do a development on a site of that size with panning restrictions on the JH stand [and the Cottage?] and still make a sizeable return? Are we protected against the property speculators due to the likely sums involved? Would welcome any view out there that is much more informed than mine
In reply to: Same Old Story 's message, "My concern would be who he sells up to, when he does. If he's going to want to recover his outlay (as any sensible businessman should), then someone is going to have to stump up 3/4 of a billion for a mid sized club, with no realistic ambition of recovering that outlay within a lifetime. So, someone either utterly benevolent and looking for a toy, or someone who may have be casting their eyes more on the locale than the team occupying it." on Tuesday, March 11, 02:23:49pm

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I'm no developer, but you've got to think that at those costs to redevelop the Cottage, to ffind somewhere else to play, there's not going to be much in it, especially as football clubs appear to be a bit of a money pit. (NT) -- Jim© The Devon IP, Tuesday, March 11, 02:56:25pm (62-64-192-58.virtual1.co.uk/62.64.192.58)
just some quick back of fag packet googling reckons you could (if flats were the order of the day) put about 1000-1200 on a site the size of craven cottage (roughly 13k sqf). At £1m - £1.5m a go there probably is money to be made. Not sure about other, commercial uses as there are so many variables. So it might be possible to make money out of the site, but there would be a pretty hefty amount of hassle (NT) -- Same Old Story, Tuesday, March 11, 04:35:31pm (NoHost/90.241.80.71)
- Permitted heights and densities need to be borne in mind. A reality check is that there are 116 apartments in River Gardens, the site of which is half the size of CC. Extrapolate from there and add a bit to taste, but hard to imagine the number you posit if it's sizeable homes with river or park outlooks. (NT) -- b+w g., Tuesday, March 11, 05:08:49pm (68.52.159.143.dyn.plus.net/143.159.52.68)

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