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Summary:Our London Bridge team undertook an intensive marketing
programme to maximise the value of this versatile property in the
heart of SE1, owned by a private client.
123 Westminster Bridge Road is a well located commercial
freehold building situated under 500 yards from London Waterloo
Station. The existing property is approximately 1,500sqft laid
out over four floors, and with the right concept and design,
offers clear potential to extend vertically and add additional
accommodation. Our client had looked to capitalise on this
potential, however, was unsuccessful with a planning application
in 2011. Following this refusal they let the building out on short
term tenancy agreements to four separate tenants.
We undertook an intensive open marketing of the property which
included a listing in the Estates Gazette property journal and the
circulation of details throughout the London property market. Our
marketing strategy was for the property to be in the market for
a short window and then to agree and conclude a sale promptly
thereafter. Within 3 weeks of initially beginning marketing we had
several offers from a range of purchaser profiles including owner
occupiers, a well known PLC and multiple private developers.
A sale was agreed at the asking price of £950,000. Contracts
exchanged within 7 working days from the sale being agreed
and placed with solicitors. Completion took place 3 weeks after
exchange.
Acorn provide a proactive and efficient agency service focused on
maximising value.
Client:123co (Private Investment Company).
Date:Summer 2014.
Chris HenshallProject Manager
020 7089 6565
Commercial Investment Development
Sale SummaryLondon, SE1
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“ ...thank you for your hard work, perseverance and skill in securing a sale on our behalf”. - 123co
