Most of our work is conducted on behalf of sellers, but occasionally we act for a buyer. In this case we were put in touch with the owners of Skyline Roofing by a professional colleague. Skyline supply roofing materials from 12 depots across southern England and were given notice by their landlords in Brockley who were keen to sell.
The landlords had been advised that Skyline's 0.9 acre yard had development potential, and a figure of £9M was being asked for the vacant freehold interest. Our role was to find alternative premises for Skyline - not an easy task in urban London.
Whilst searching, we closely monitored the attempted sale of the existing yard; strongly suspecting that the landlord's agents would struggle. After two abortive sales and a major reality check, a deal was reached for Skyline to acquire their existing site for continued commercial use, and for considerably less than £9M!
PROJECT ADDRESS: Martins Yard, 198 Drakefell Road, London SE4 2DS
