With Help-to-Buy, the Stamp Duty holiday and pent-up demand still driving the market hard, consented development sites continue to prove a hot commodity.
The owners of this former nightclub in central Bexleyheath had decided to close long before the Coronavirus outbreak, and we recommended an architect, and provided some consultancy advice during the planning process. Planning permission was granted for a smart modern block comprising a restaurant over ground and lower ground floors, with 10 new apartments above. Our client's original intention was to develop the site themselves, but nevertheless, we were happy to get the call that they'd prefer to sell.
An open marketing campaign was planned, but after speaking to several obvious local buyers we had a variety of offers to consider. A straightforward cash deal was agreed with an experienced local firm, and the sale was completed with little fuss.
We're still very keen for more consented sites, so if you have a development opportunity to sell please get in touch with one of our offices.