There is no doubt having a strong online presence creates leads, although not all end in fee earning opportunities. When we received a valuation request from the owner of three freehold commercial buildings in Croydon, it was clear they were genuine sellers. Competing with other well-established commercial agents in Croydon, we visited the site the same day and provided a detailed valuation the following day. Pleased with the approach and marketing strategy, the owner instructed Acorn. Fast forward two weeks later, the property went under offer to a local investor who owns several buildings in the local area, purchasing with cash reserves. Exceeding price and time expectations the vendor was keen to proceed and the transaction completed 4 weeks later.
The property produced £80,000 per annum which reflected a 7% gross return. With 8,000 sqft to manage, the buyer is now looking at ways to improve the rents and possible planning angles.
PROJECT ADDRESS: 16, 18 & 20 South End, Croydon CR0 1DN
