Anerley SE20

The back end of 2018 saw strong demand, and equally encouraging results in the sale of consented residential development sites. This particular site comprises a redundant retail unit and upper parts acquired by a regular client of ours in 2017 on an unconditional basis. Planning permission was successfully secured for the construction of a new block comprising 8 flats over a ground floor commercial unit, and later improved by the deletion of the commercial space and addition of a further residential apartment.

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We were delighted to be appointed to manage the sale, and set about a typically thorough marketing campaign. A relatively simple design and good mix of proposed units helped us to generate a decent level of interest, and a number of competitive offers were received. An offer was accepted from a private developer whose solicitor interestingly told us the exact date that contracts would be exchanged!

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Proving every bit true to their word, unconditional contracts were exchanged just under three weeks later, and on the specific day predicted!! Furthermore, completion took place inside a week. In an unpredictable market we work closely with colleagues in our New Homes & PRS Divisions to ensure that buyers are furnished with up-to-the-minute values and evidence. This helps us to achieve the very best residual land values for our clients. If you have a development site to sell, please get in touch with one of our offices.

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Posted By Emma Cramer on 24th January, 2019

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