Published 7 April 2021
Expertise in commercial property is one of our strongest sides. In March we successfully closed the acquisition deal of a retail unit in Central London.
In their brief, the client specifically stated the following criteria for the property:
- a retail unit in very specific postcodes of Central London,
- ground floor,
- 1100-2200 sqft space.
The property we found, fully matched the requirements
and the client’s budget:
- located on the ground floor of a new building in the most desirable location,
- 1700 sqft size,
- new Use Class E office for Commercial, Business and Service.
How did we do it?
? Coordination
After the price is confirmed and the offer is accepted, it is important to ensure the effective collaboration of all sides of the deal: prompt documents exchange, quick responses to questions from buyers, sellers and their
solicitors.
? Off-market Search
What was unique about this search is the fact that most commercial properties in Central London are being sold as investment projects with rental income. Many of these objects are owned by institutional investors. Even although many offices were empty, they were rarely offered for sale. Our client needed free property for their own business. That is why we initiated an off-market search.
?Client representation
During negotiations, we presented the business case of our client in a particular way. The seller chose it from 4 alternative offers of potential buyers.
We closed the deal within 1.5 months and 5 days earlier than the deadline.
*The photo is an example of the building.
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