- Off market
- Freehold
- SPV sale
- 4 blocks
- Planning permission granted on 2 July 2020 for 1298 apartments and 16 townhouses plus 1423 sqm of commercial floor space
- To date there have been exchanges on circa 120 apartments with a further circa 32 reserved.
- A buyer was identified and lawyers instructed to deal with the sale that was proceeding on an SPV basis. Unfortunately, it now transpires that the potential buyer cannot arrange the necessary funding so we have been asked to find another buyer who can act quickly.
- Although there is no obligation upon you so to do, as the lawyers have reached an advanced stage it can possibly be arranged for you to step into the shoes of the other potential buyers that will save time and, hopefully, reduce the legal fees.
- The lawyers are a leading firm in the Legal 500.
- The selling price is £40m for the complete site but the sellers will consider dividing the site to enable the towers to be sold and developed separately.
We will require a buy side fee to be discussed.
Where we act as a seller’s mandate, we represent the vendors. Our clients wishing to sell their property off-market benefit from impartial advice and a personalised service tailored to their requirements and circumstances. More importantly, we offer sellers unparalleled access to qualified buyers and we ensure that we address the right audience.
In order to achieve the best possible sales result, your property is presented to individual and corporate purchasers, whose buying behaviour and buying power can be backed by a Letter of Intent (LOI) and Proof of Funds (POF). We will provide vendors with professional support throughout the entire process and beyond, including RICS valuations, coordinating viewings, assessing incoming offers, and protecting your interests during sales negotiations.
For further information, luxury property, off-market, off-plan, developments or investments, marketing or help finding your next property please contact us anytime.
Office: +44(0)330 2236988
investments@trellows.co.uk
investments.trellows.com
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