Freehold offices in the South London suburbs are available with increasing rarity nowadays, and they always prove popular with prospective buyers.
This particular property sits behind the shops on Beckenham's cosmopolitan High Street; benefitting from a particularly convenient location. It extends to around 5,500 sqft over two floors and offers a flexible layout and off-street parking. We know the building well having sub-let several of its small offices over the last few years.
Whilst our clients have always occupied the majority of the building themselves, Covid-19 permanently altered their working practices leaving their office space surplus to requirements. We were instructed to arrange a sale, but it would be subject to several existing licence agreements.
Before we could go to market we renegotiated terms with four sub-tenants, and secured vacant possession of two other suites. Despite only being able to offer the building part-vacant, we had lots of interest from investors and owner-occupiers looking to grow into the space over time. Indeed the ultimate buyer will be occupying part of the property initially, and will gradually take over the remainder of the space as his business expands.
Asset management is becoming an important part of our business. If you need a strategy for your property following a change in circumstances please do get in touch with one of our offices. All initial advice is offered in confidence, free of charge and without obligation.