SofE - Purchase and Sale

Question 1

Run through your vacant warehouse disposal in the Black Country?

Answer 1

• New instruction
• Owner occupier wanted to sell VP
• Inspected & measured
• SWOT analysis (inc. eaves height, lack of yard, Lack of supply, general economy)
• Comps to establish pricing
• Marketed, held viewings, received offer
• Positives inc: Cash Offer and at Quote
• Negatives inc: Unknown party (requested proof of funds)

Question 2

Run through Regional office disposal in Derbyshire?

Answer 2

• Short term certain to global occupier
• The risk of tenant leaving makes this a value add opp
• Occupational team for ERVs and letting assumptions
• Sales report
• Prepared marketing particulars

Question 3

Run through Warehouse disposal in Telford?

Answer 3

• CDD and TOE
• Inspection
• Sales report (SWOT / Disposal Strategy - wait until new year)
• Marketing process: In house brochure, prof photos, listing on websites, linkedin.
• Hosted a data room
• Launched and held several viewings (PPE), sign in, tenants aware
• Discussed interest level and arranged bids date.