Acorn approached the owner of this interesting commercial property in Beckenham after noticing that the building appeared vacant. It transpired that after 45 years of trading, the owner had recently closed the business, retired and felt it was time to sell.
The owner was pleasantly surprised by our appraisal and we were delighted to take instructions and market the 7,500 sqft warehouse and office which offered both apparent development potential, and an opportunity for continued owner-occupier use.
With freehold commercial property of this nature being in very short supply, it comes as no surprise to us that our intense marketing campaign resulted in several very busy block viewings and multiple offers!
We advised our client to prepare a full legal pack during the marketing campaign which could be supplied to a buyer upon acceptance of an offer. 10 days after a sale was agreed with a developer/investor, contracts were duly exchanged.
If you would like to understand the value of your premises, we're happy to advise on the best strategy to maximise the value via a sale. You never know - your building might be worth more than you think! With similar properties in such short supply,
PROJECT ADDRESS: 158-160 Ravenscroft Road, Beckenham, Kent BR3
CLIENT: P J Resins Ltd
SALE PRICE: £1,000,000
DATE: June 2019