Sale of a prime city centre residential investment.
Sold to private investor for £2.5M.
Harwood Real Estate
9,311
sq ft
detached freehold, Southampton
£167,340
per annum rent, gross yield of 6.7%
Challenge
Our residential investment team was instructed by Harwood Real Estate to openly market a detached freehold opportunity, comprising a block of 18 flats in central Southampton, Hampshire.
The flats were let on Assured Shorthold Tenancies and our client was seeking to dispose of the freehold as a result of changing investment priorities.
How we helped
- Prepared and implements a marketing strategy.
- Put in place a process to ensure the investment opportunity was fully exposed to the market.
- Sought to attract interest from both local investors and those further afield, deploying wider geographical search parameters.
We instructed Vail Williams to dispose of Castle Chambers in Southampton, we chose Vail Williams due to the strong regional and national presence in the market. After launching a successful marketing campaign, we agreed terms with a purchaser and successfully disposed of the asset. The process was incredibly smooth, and we look forward to working with Vail Williams again.
Howard Williamson, Director, Harwood Real Estate
Result
- Secured a buyer successfully.
- Managed the transaction through to completion.
- Worked with our client and their legal advisers throughout the due diligence process, ensuring that any issues were addressed swiftly.
- Both the buyer and seller were very happy with the end result.
Get in touch
If you think you may need similar support to that described here, or you would simply want to have an informal chat with a member of our team to discuss your property needs, get in touch.
SouthamptonPortsmouthBournemouth
