We were very proud to be appointed as agents in the sale of this commercial building in Sidcup - for no reason other than it hadn't been offered to the market in over 70 years!
Most similar buildings nowadays have had the upper parts separated off as offices or flats, but this property is still laid out as it was built; with retail space across the ground floor and non-self-contained ancillary workshops over the upper two floors.
Having served as a home for our elderly client's upholstery business for so long, it was quite understandably a wrench for him to see it sold. Absolutely hell-bent on getting the best possible deal, we set about generating as much interest as possible.
A deadline for offers was set to encourage competitive bidding, and terms were agreed with a private investor at a shade under £500,000. Contracts were ready to be exchanged just as the Covid-19 outbreak was becoming serious, and the buyer cheekily tried to use the pandemic as an excuse to reduce the price. We took the view that our client had owned the property for so long, and commercial freeholds are so popular that we'd always be able to replace the buyer. Fortunately, Mr Purchaser saw sense, and exchanged at the agreed price.
We have a long list of buyers for commercial freeholds, and the marketing nouse to maximise value, so if you have a similar property to sell please get in touch.
PROJECT ADDRESS: 79 Station Road, Sidcup, Kent DA15 7DN
