Parsons Son & Basley have been fuelling the improving market with the sale of the Shell Garage at 132-134 Old Shoreham Road, Hove, another investment deal in the Sussex area!
After generating a very high level of interest from prospective buyers across the region & as far as London during the initial marketing period, a tailor made sale method was devised & put in place by the vendor’s solicitors Trevor Maxim of DMH Stallard LLP solicitors to ensure a smooth and swift transaction for the client.
Best and final offers were sought on the property and with over 40 buyers registered it was expected the final sale price achieved for the client would be far in excess of the guide of £750,000 and offers did not disappoint, with the final sale price reached being over
£1 million pounds exchange of contracts then took place in 24 hours.
Richard Lowrey Commercial Agency Manager of PS&B commented “Due to the nature of the investment and the long term potential for re-development, we knew the site would generate a high level of interest. We have been seeing this across the board as the appetite for investment/re-development properties is continuing to be driven by low interest rates and the lack of good stock on the market, so supply and demand dictates the high prices we are managing to achieve in the current market.”
