The Commercial department at Sheldon Bosley Knight have spent the past 18 months working on a significant brief, to sell a 37 commercial units spread over 10 sites, on behalf of one client. We are proud to have completed the final sale earlier this month and have a very happy client!
The team were approached by one of our long standing commercial management clients, Shilpalm, to advise on the disposal of their extensive commercial property assets. Built up over the course of the careers of two well-regarded Birmingham based property industry experts, the portfolio spanned across Oxfordshire, Warwickshire and the West Midlands.
With tenants ranging from ballet schools to brewers and fast food joints to fabricators, each sale required a detailed knowledge of the buildings, lease structures, tenant strengths and local rental and sales values. An investors/acquisition contact list, built over years, enabled us to approach known charitable and family trusts, pension schemes, local authorities, acquisition surveyors and individuals to dispose of the whole portfolio. This was conducted mainly off market, which was important to the client, and at prices which they were extremely pleased with.
The Shilpalm instruction was lead by our Chartered Surveyor, Richard Connolly, and Associate Director, Mark Treadwell. Richard Connolly commented:
“I first met the clients some fourteen years ago, when I sold them Willmotts Business Estate site opposite Pershore Train Station. Over the intervening years, the working relationship we developed has led to numerous agency, then management and finally disposal instructions. It was a complicated instruction and, though obvious, preparation was key. It has been a pleasure working for Shilpalm, though we are all pleased that we have crossed the finish line.”
Despite the limitations of lockdown, Mark is confident that the industry will continue to thrive, now that coronavirus restrictions have been eased. He added:
“The commercial market is really picking up again. Our sales are already back up to about 90% of pre-lockdown levels and we’re receiving a high volume of industrial enquiries, so client confidence remains high. With many businesses moving to a more supply and distribution based model, we’re in a really strong position going forward. We’re taking precautions but social distancing is easy when viewing large warehouses, so clients have nothing to worry about.”
If you have any questions or if we can advise on any commercial property matters, contact our Commercial team on 01789 387882. To view Sheldon Bosley Knight’s current range of Commercial properties for sale and let, click here.