We were delighted to be instructed by a Registered Charity – The Trustees for the Grace & Compassion Benedictines, to market Padua House & Bungalows, Crescent Drive North, Woodingdean – located in the eastern suburb of Brighton & Hove. This substantial investment opportunity comprising 9 flats, 7 bungalows, parking, communal gardens and a chapel offered a rare opportunity to purchase a sizeable site with possible re-development opportunity – subject of course to the necessary consents.
Given such a desirable investment doesn’t come up for sale too often, we were inundated with enquiries, viewing requests & ultimately multiple offers were put forward by potential purchasers. Our block viewings were in great demand, with applicants keen to take a look!
We were very pleased to achieve a sale price for our clients, in excess of the asking price of £1,600,000. The sale came with the complexities tenanted properties often do – which kept us on our toes! Looking back, it was an exciting six weeks from instruction to completion and is a true example of just why we at Austin Gray enjoy working in this sector.
If you too have a property to sell which you anticipate by its nature, will present its own complexities – be it a studio flat through to a large investment such as the Woodingdean site we would be delighted to assist in expediating the sale on your behalf – so do get in touch. Adam, Kate & the team at Austin Gray LLP are here to assist in achieving the best possible sale price for your property.
