In the vast majority of cases we act for the seller. We're true estate agents, and pride ourselves on generating the best possible deal for the seller or landlord. On occasion though, we're asked to introduce a buyer.
This property comprises the freehold interests to 17 buildings on New Cross Road. The ground floor commercial units had been sold off, and the upper parts converted to provide 114 letting rooms along with 15 kitchens, 28 bathrooms and 22 WCs!
Let for many years to Goldsmith's University, when notice was given the owners decided to sell rather than explore the potential themselves. With investment stock proving so popular at present, we were confident that the property would go well in the open market. The seller was reluctant though, given that a deed of surrender had to be negotiated with the outgoing tenant. Furthermore this particular chap had a firm figure in mind, so we happily introduced a cash buyer. Contracts were exchanged at £6m within a couple of weeks, and completion even took place early. We wonder why the buyers were so keen to get their hands on the property - maybe they think they'd have paid a chunk more if they'd have been forced to compete in the open market?!