Challenge
Our agency team was appointed by Fixed Charge Receivers to advise on the sale of two properties in Southampton. The aim of the sale was to achieve the best possible value for the properties, which were located at 24-32 Canute Road, and 157-159 Albert Road South.
How we helped
Carried out building surveys and valuation of complex asset
Produced extensive marketing report with recommendations for achieving best value
Assessed value of the freehold and long leasehold interest based on existing and potential use of the site
Multiple items left by previous occupier had to be factored into sales plan
Implemented marketing campaign targeting existing use, student residential accommodation, private rented sector, private sales, housing associations and hotels
Recommended hotel sector as a key target due to the proximity to Ocean Village, one the busiest ports in Europe
Implemented and managed a data room to coordinate more than 80 enquiries received
Liaised with solicitors and purchasers regarding their requirements
Assessed offers received to achieve best value and the completion of the sale
Results
Secured numerous offers from interested parties – both conditional and unconditional upon planning consent
A quick sale was achieved within 5 weeks
Sale was on an unconditional basis without complication, to a well-established hotel operator
Agreed with the buyer that the items left by the previous occupier could remain in-situ post completion
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
