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£7.4m was land price the scumbags got for the Goldstone. £23.86m was completed development sale price Chartwell sold it to Abbey Life for. The £16.46m diff is therefore a mixture of build cost, stamp duty, legals, holding cost, bank finance, design, letting fees etc as well as a lot of profit...

An asset valuation at that level would only need a rent roll of c£2.1m, assuming a 5% net initial yield. With those 5 Tenants/size of units, prominence of pitch etc, doesn't look far off. Also don't think yet implemented, but SWIP got permission for 2 additional pod units in the car park in...