Project summary
- To advise on the sale of an historic Grade II* Listed Hall in need of comprehensive restoration and to find a sale solution that would maximise capital receipt whilst preventing failed transactions that fall through due to building investigations
- To provide an assessment of any development potential in the grounds and recommend options for securing present and future benefit
Solution
- Detailed investigation into conservation status of the property and planning history. Preparation of a planning brief document to frame advice to client and to inform prospective purchasers
- Pre-sale building condition report plus health and safety audit
- Sale by informal tender
- Comprehensive marketing campaign targeting local, regional and national purchasers
- Creation of online data room to handle extensive property and legal documentation
Benefits
- Marketing strategy produced 77 viewings over a nine week period
- Overage clause on designated area to protect future interests of vendors
- Informal tender process created competitive bidding environment and allowed all offers to be assessed on an even basis
- Building survey and data room created a platform for swift exchange of contracts
- The sale was a great success with a result around 65% over guide price
