IMG_1466
Oct
06

Investment sale agreed within 7 days

Hnf was instructed on a highly reversionary retail investment in Norbury on 27th July 2017. With our client requiring a quick sale we undertook an intense marketing process offering the property to known investors known to be buying from existing resources and able to meet a tight timetable. Several offers were received below the asking price but after negotiations, a sale was agreed at our asking price of £1.35m with an established buyer with a good track record. Solicitors were instructed on the 3rd August. We assisted the vendor arranging some amendments to title plans and the matter exchanged contracts on 20th August, completing some 2 weeks later. Thus, from instruction, our client had receipt of the proceeds of sale within 5 weeks. The investment was sold at a gross yield of under 3% reflecting its highly reversionary nature and future development potential.

Please see the link to the details. If you have investment or development stock you would like to dispose of, contact us now and we will be happy to offer initial advice, free and with no obligation.