The Acorn Group is London’s largest multi-brand estate agency. We offer our clients the best brands, with the best people, in the best locations.

 

Close

Acting for the partners of PJH Solicitors, we've recently concluded the sale and leaseback of their prominent headquarters building, Kelsey House, in central Beckenham. The detached building comprises a ground floor bar/restaurant, with four floors of offices and a residential apartment above - mixed-use in the truest regard!

Offering future potential for active management, extension and/or conversion to residential, our instructions were to generate maximum interest in order to achieve the best possible freehold value. Our marketing campaign was a resounding success, and several offers were received above the guide for a variety of different uses.

We ultimately concluded a sale to a private commercial investor at more than £4,000,000 - a figure that reflects a healthy £270/sqft, and a NIY of just 6%. The new owner intends to maintain the commercial use, and a leaseback deal was agreed to secure PJH's occupation in the building.

Would a sale and leaseback deal work for your business? Please contact us for some confidential advice, free of charge.

PROJECT ADDRESS: Kelsey House, 77 High Street, Beckenham BR3 1AN

PROJECT VALUE: £4,000,000

PROJECT DATE: June 2017

CLIENT: PJH Solicitors

Top