GJB Estates Development Update – 02/05/2017
GJB Estates have submitted a further planning application, to extend the second floor at Denmark Road into a two bedroom flat. We hope for a favourable decision next month.
In the meantime repairs and redecoration works will be carried out at Denmark Road, as we have received notice from our ground floor tenant and the flat will be difficult to rent in its current condition.
Currently, we are undertaking the refurbishment of the three flats at 59 Grays Inn Road, which will include redecoration and laying of new carpet over the existing wooden floors. The new carpets will help improve the sound insulation between the flats and retail space on the ground floor.
We are also proposing to accept the surrender of Suite A at Hallowell Road, as the tenant in Suite B is looking to occupy the whole of the ground floor. The rent will increase from £16,800 to £24,000 per annum.