Freehold buildings with prior approval for conversion and/or extension are highly sought-after commodities and this former office building close to Sidcup's busy town centre proved no exception.
Our clients acquired this redundant office building and then secured three separate approvals for the conversion of the existing building, changes to the façade and the construction of two additional floors to provide permission for 21 private apartments in total.
Following the successful grant of planning permission, we were instructed to openly market the property for sale and the property proved so popular in the market that we were able to report strong offers to our clients within a very short space of time.
A sale was promptly agreed with a cash buyer, and successfully exchanged contracts at just over £2.5m just a fortnight later such was the buyer's eagerness to ensure that they staved off the competition and secured the opportunity.
PROJECT ADDRESS: 142-148 Main Road, Sidcup, Kent DA14 8NZ