Case Study: Thames Way, Gravesend

THE PROPERTY:

Thames Way, Gravesend

A 24,000 sq. ft. fully fitted trade counter on a 2.3 acre site. The premises had been vacant for over a year and were in a poor condition. The lease had 11-years remaining, with a gross liability of £3.6m.

WHAT WE DID

As the client’s lease disposal specialist we:

  • appointed a leading disposal agent in this sector and undertook remedial works to improve marketability of the site
  • established that the freehold value was well below the landlord’s loan, following a market valuation, culminating in the bank supporting a sale
  • exchanged contracts to purchase the freehold investment, whilst pursuing a sale with a delayed 6 month completion, to an owner occupier
  • saved over £1m by completing the investment purchase simultaneously with an onward sale to an occupier

SERVICES PROVIDED

  • Liability pricing
  • Disposal option analysis
  • Targeted marketing
  • Asset management
  • Risk transfer execution
  • Property management

Find out about our property disposal expertise

Contact the team behind this project >>