Turnstone sells Richmond development site


30-05-2006

Turnstone Estates has sold the freehold of its development site at Lower Mortlake Road, Richmond to The Big Yellow Self Storage Company for 4.

3m.



Turnstone obtained permission on the 0.75 acre site through the planning appeal process for 30,000 sq ft of office space.



Nick Scott, director of Turnstone Estates, comments: 'As this is one of the few consented B1 development sites in the area, we had considerable market interest. This ultimately led to a speedy freehold sale to Big Yellow.'



Turnstone was advised by Savills and Martin Campbell & Co. Big Yellow was unrepresented.

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Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.

Turnstone Estates Limited