Croydon, CR0 Ref: 32651

The long-term owners of this industrial property had closed their business, and agreed a sale to a developer via another agent. As doubts about the sale grew we were contacted for advice and were confident of replacing the buyer based on the existing use value alone. When the sale fell through we took over the marketing, and had interest from owner-occupiers and investors. A deal was agreed with local buyers who acquired the vacant freehold interest via a SSAS, and completed within 6 weeks of their offer being accepted. The new owners intend to occupy the office element and sub-let the storage space and yard. Similar freehold commercial properties are always required; with or without vacant possession.

PROJECT ADDRESS: 18 Gladstone Road, Croydon CR0 2BQ

Jamie Stevenson

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