Touthill is located in Central Peterborough (45mn by train from London Saint Pancras), in the county of Cambridgeshire.
We completed the purchase of this vacant office building in March 2015 for £3,522,000.
Initially we contemplated the option to add two additional storeys to the building. The views on Peterborough’s cathedral are stunning. In order to start the works straight away, we ended up adding only a single storey on the fifth floor.
We have now converted this building into 115 flats for a cost of £8,000,000. The final value of the building is expected to be in the region of £19,600,000.