The Property
Let to two commercial tenants on separate leases at low passing rents, with short unexpired terms. Offering reversionary asset management and future residential conversion potential to the upper floors.
The property comprised a prominent unbroken freehold building extending to approximately 3,217 sqft, arranged over basement, ground, first and second floors. Fully let to two commercial occupiers, the asset generated a low passing rent, with significant reversionary potential, and apparent scope for residential conversion of the upper floors (subject to the necessary consents). Situated within the heart of the Crystal Palace Triangle, the property presented an attractive value-add investment opportunity.
The Transaction
Following our appointment, we advised the client on both pricing strategy and the disposal process, recommending an open marketing campaign designed to maximise competitive interest.
The property was marketed through our investor database, specialist commercial property portals, targeted digital advertising, traditional on-site marketing and direct engagement with prospective purchasers.
The campaign generated 65 inbound enquiries, resulting in 2 block viewings being held, and an impressive 16 formal offers submitted from a broad range of investors/developers.
Following evaluation of all bids, a preferred purchaser was selected, legal documentation issued, and contracts have now completed at a price above the guide.
Location