The back end of 2018 saw strong demand, and equally encouraging results in the sale of consented residential development sites. This particular site comprises a redundant retail unit and upper parts acquired by a regular client of ours in 2017 on an unconditional basis. Planning permission was successfully secured for the construction of a new block comprising 8 flats over a ground floor commercial unit, and later improved by the deletion of the commercial space and addition of a further residential apartment.
We were delighted to be appointed to manage the sale, and set about a typically thorough marketing campaign. A relatively simple design and good mix of proposed units helped us to generate a decent level of interest, and a number of competitive offers were received. An offer was accepted from a private developer whose solicitor interestingly told us the exact date that contracts would be exchanged!
Proving every bit true to their word, unconditional contracts were exchanged just under three weeks later, and on the specific day predicted!! Furthermore, completion took place inside a week. In an unpredictable market we work closely with colleagues in our New Homes & PRS Divisions to ensure that buyers are furnished with up-to-the-minute values and evidence. This helps us to achieve the very best residual land values for our clients. If you have a development site to sell, please get in touch with one of our offices.
PROJECT ADDRESS: 122 Anerley Road, Anerley, London SE20 8DL
CLIENT: Lightbox London
SALE PRICE: £1,220,000