Following the successful sale of the NCP car park in Bristol, Altitude Investments, A Singer Vielle Franchisee, are pleased to announce the sale of Tesco Express on Bell Hill Road, Bristol BS5 7NF.
Altitude launched the investment sale on the innovative online trading platform which offers a unique marketing platform with full ground photography, 360 degree videos, aerial photography, bespoke website and comprehensive data room. To view the site, and receive future investments register at www.singerviellesales.com
The Tesco Express investment was brought to market on Tuesday 5th November at £725,000 representing a NIY of 6.45%. Contracts were exchanged on Friday 8th November for £740,000, a 6.3% NIY.
The speed of sale was allowed utilising the clicktopurchase® software that is available to Altitude’s clients, where an online exchange of contracts can be executed instantly form anywhere in the world. This means there is no ‘under offer’ or no ‘chipping’ – just instant delivery on deals.
George Turnbull from Altitude comments “We are extremely pleased to show exactly what our marketing platform can do, this sale can be added to an ever increasing number of case studies proving that instant exchanges online can take so much hassle out of property investment sales”
‘David Sykes for the vendor Damaran summed up the experience of click to purchase as “Just brilliant! We were immediately struck with the concept. The purchaser instantly has everything at their fingertips. Even so, we were amazed to exchange in 3 days of the property going onto the market, and at a price in excess of asking.”
Nigel Coveney, Associate within the commercial property team at Stephens Scown LLP, commented: “It is refreshing to be part of such an innovative method of completing a commercial property transaction, especially one which is so easy to use for all parties. It reduces the worries of buying and selling, whilst providing total transparency of the sales process. For the right property the ‘clicktopurchase®’ online exchange of contracts is definitely an attractive option for commercial property transactions and Stephens Scown is delighted to be the first legal firm in the South West to have successfully used this on behalf of our very happy clients!”
