Legal & General Property
(“LGP”), advised by Colliers International, announces that it has successfully sold Stoke House
, an office scheme in Stoke Poges, near Slough, with planning consent for conversion into 27 new homes
, to housebuilder Taylor Wimpey
for close to £5,800,000
Situated across 5.86 acres
of landscaped parkland, the period property is a blend of Victorian and Georgian architecture, dating back to 1780, with over 24,000 sq ft
of office accommodation spread across the manor house and interconnecting pavilion.
LGP successfully gained planning consent from South Bucks District Council to develop the site into a total of 27 new homes, ranging from two-bed to seven-bed dwellings. Central to the plans are the careful alteration and refurbishment of a Grade II Listed building
, Stoke House and a Coach House
, as well as the demolition of a vacant 1980’s office annex to make way for a series of new buildings which will complement the main house, providing a range of dwelling types.
James Lidgate, Head of Residential at Legal & General Property, commented: “Using our team of dedicated sector specialists, the successful planning consent was the result of years of hard work behind the scenes, to understand the local social and economic dynamics of the area and liaise carefully with both the Council and residents, to design a scheme that would both complement and support its future direction. For this reason, it was no surprise to us that the scheme received such strong interest from the market, leading to an attractive sale price”
, Head of Residential Development, Colliers International said: “We saw a huge amount of interest in Stoke House from local and national house builders, leading to a competitive bidding process which resulted in the property selling for 45 per cent
more than the asking price.
“Once redeveloped, this site will provide highly desirable residential properties in the sought after village of Stoke Poges, located just a few miles from Gerard’s Cross and Slough, only a 25 minute commute from central London.