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A complex sale of a mini-country estate with an historic house in need of restoration

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
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