Acting for major housing charity Abbeyfield, we recently concluded a very quick sale of this vacant former care home on Eltham's popular Corbett Estate.
In truth we'd had the property under offer for most of 2019, but despite numerous calls on our part for the client to bring matters to a head, they stayed loyal to a buyer who ultimately proved unreliable. The final straw proved to be a further delay blamed on the Coronavirus outbreak, at which point our
clients finally allowed us to remarket the property.
Despite being in lockdown we were able to use marketing material that we'd previously gathered, and had a virtual tour prepared as soon as it was safe to do so. Several offers in excess of the guide were received, and terms agreed to an investor with a previous track record in the purchase of similar properties. Given the delays experienced previously the buyer's promise of a 5 day completion seemed a little far-fetched. In fairness though, they weren't far off - the sale was completed just 10 days from receipt of papers!
The new owners intend to operate the property as a day nursery once a change of use is forthcoming, whilst the previous buyers may very well live to regret that one last attempt to move the goalposts…
PROJECT ADDRESS: 37 Westmount Road, Eltham, London SE9 1JF
