Built to Rent
—
Croydon Tower
Croydon Tower
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Gross internal area (GIA) psf
Net internal area (NIA) psf
Est. construction costs psf
Total construction costs
Professional fees 7%
Interest costs 4%
Land + net construction costs
Total construction costs
Project debt LTV
Equity required without sales
Unit breakdown
Studios
1 Beds
2 Beds
3 Beds
4 Beds
Average sales
00%
00%
00%
00%
00%
00%
00%
00%
90%
00%
PSF sales rates
£600
£650
£600
£550
£550
PSF
£256,466
£178,699
£220
£56,422,520
£3,949,576.40
£5,901,658.94
£75,828,596.40
£66,273,755.34
£68,245,736.76 Equity
£7,582,859.64
No. units
1
99
76
54
0
£590
Croydon Tower
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Saving
Current site price cash
Stamp duty 1/2 %
Legal fees
Tenure
Asset or corporate purchase
Interest costs 4%
Total site purchase costs
Debt LTV – 65%
Debt LTC – 65%
Equity required without mezz
Equity required with mezz
Planning cost £
Planning period
Planning uplift
65%
65%
£1,700,000
£15,300,000
£76,500
£80,000
Freehold
Corporate
£442,000
£15,456,500
£11,050,000
£9,945,000
£5,511,500
£4,406,500
£-
0mths
£-
Croydon Tower
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Further information
- High density residential mixed use scheme in Croydon
- Inward investment estimated at £5Bn, from private developers
- Excellent road and rail links to London
- 32 Storey & 11 Storey iconic scheme in the Central Business District of the town
Croydon Tower
DownloadFact Sheet +
Further information
- High density residential mixed use scheme in Croydon
- Inward investment estimated at £5Bn, from private developers
- Excellent road and rail links to London
- 32 Storey & 11 Storey iconic scheme in the Central Business District of the town
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