The availability of part-built development sites is becoming increasingly common in the modern marketplace, and they can prove an attractive proposition for proactive, construction-led developers. Brunswick Terrace in Beckenham is a bold scheme comprising 4 storey townhouses over a communal basement parking compound in a sought-after side street. We were instructed by the administrators, PwC, to dispose of the remainder of the site which included four shell units, two part-completed houses and a vacant plot with planning permission for a seventh house. A high profile, national marketing campaign generated huge interest, and the block viewings were amongst the best attended that we've held for some time. Guided at £3m, we received numerous offers for the freehold before regional developers Purelake New Homes were selected as the preferred bidder. Purelake moved to complete the acquisition of the site promptly, and at the time of writing are on site completing the outstanding works.
