Unbroken freehold properties on Bermondsey Street are hard to come by, not to mention how scarcely one is available for sale. Earlier on in the quarter we sold 126 Bermondsey Street (located just 2 doors down from our London Bridge HQ) and in the process set a local record for mixed-use property, achieving a pound per sqft rate of £1,132!
Our London Bridge investment team caught wind that the owner of the property was minded to sell, and that another local estate agency had already introduced a buyer at £1.1m, who the vendor was about to agree terms with.
Advising the vendor that with the right marketing strategy and agents managing the process, a higher premium could be paid for the desirable asset - we were given an instruction. Within a matter of weeks we were in receipt of numerous offers and ultimately concluded a sale to a local business at £1.25m, clearly £150,000 more than what the vendor was about to accept just weeks prior.
This property offered development, active management and long-term investment potential, thus appealing to a wide range of buyers. If you own something similar, or simply have property locally that you want to sell, we have a proven track record of maximising value!
PROJECT ADDRESS: 126 Bermondsey Street, London SE1 3TX
CLIENT: Private Individual
SALE PRICE: £1,250,000