Lavant School Educational Trust Limited went into administration
Appointed to sell assets
Researched additional planning uses
Completed complex, intricate disposal
Property Asset Sale Case Study - Lavant House School Educational Trust Limited
44,200
sq ft
Grade II listed house
14.2
acres
Of accompanying buildings
Challenge
Vail Williams was appointed by Lavant House School Educational Trust Limited, which had gone into administration, to sell the asset to achieve the best possible financial outcome.
The Grade II listing of the property and accompanying land meant that this was an intricate disposal. Added to this, the property was also owned under a number of different titles, which could have had an impact on the end sale value.
The mixed-use nature of the assets for sale, meant that they would appeal to multiple target markets.
How we helped
- Undertook full planning appraisal of the property
- Developed a comprehensive marketing report and sales recommendations
- Provided in-depth assessment on the value of freehold interest
- Managed a comprehensive marketing campaign focusing on leisure, education residential and corporate sectors
- Generated and managed over 100 enquiries, ensuring extensive information on the property and grounds was available to all interested parties
- Secured several conditional and unconditional offers (subject to planning)
- Worked in partnership with the client to select the preferred purchaser
Results
- In-depth planning expertise and comprehensive marketing campaign resulted in full exposure to the market, resulting in sale of the freehold interest on an unconditional basis
- Achieved a quick sale – the period between securing Heads of Terms and completion was just five weeks
- The client was able to manage administration of assets much quicker than they had envisaged
Get in touch
We’re experts in property consultancy for the education sector – so 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.
Southampton
