Beckenham BR3

We advised the private owner of this investment for over five years before receiving instructions to dispose of the freehold as a going concern. Adjacent to New Beckenham station, the property comprises a number of buildings of varying age and condition, let on a mixture of leases and licences to a multitude of tenants. Our marketing literature highlighted the opportunity for increasing the rent roll in the short term by employing a pro-active management regime, and the potential for commercial or residential development in the longer term. A national marketing campaign generated substantial interest, and the competition between three short-listed bidders ultimately drove the sale price more than 40% ahead of the guide.

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Posted By Acorn Commercial on 30th April, 2008

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