An off-market opportunity for a redundant bank with upper parts, along with two income-producing commercial units, was brought to our attention through an Instagram follower. As the property was owned by a pension fund, a quick and discreet sale was necessary.
Although the existing planning permission for the bank and upper parts allowed for 22 residential apartments, we identified an opportunity for further planning gain. We submitted a proposal to add two additional penthouse units and successfully gained consent.
With the pandemic posing significant challenges to construction, we were proactive in purchasing materials in advance to avoid any delays or price increases. Our foresight paid off, and 18 months later, we successfully completed the development and sold the entire site to a local housing association. Our attention to detail and strategic approach allowed us to create additional value for the property and navigate the complexities of construction during the pandemic. The result was a successful project that fulfilled our purchasers buying criteria by providing much-needed affordable housing for the local community.
"I have found Property Experts to be an excellent buying solution in the most problematical cases. Very approachable and easy to deal with."- Meta Panchamia, Head of Commercial Dispute Resolution and Insolvency – MW Solicitors -
"Due to the relocation of our business I needed to sell our existing premises. Property Experts approached me directly, wanting to buy both buildings and agreed creative terms which gave us the commitment and time required to plan our move."- Laura Ritchie, Director – Croham Services for Children -
"Recommended to this investment firm several years ago I’ve now had the pleasure of selling to and for them on several occasions. These guys know how to make deals happen!"- Elliott Purcell, Assistant Manager – Barnard Marcus Estate Agents -
Investment & Development Opportunities