If you create a long leasehold on the upper parts, you will be offering a freehold retail investment with the benefit of income from WH Smith Retail Holdings Limited. Whilst WH Smith will be regarded as a good covenant, it is helpful that the subletting amounts to just under 50% of the rent since this provides additional cover. In marketing, we would stress the flexibility by having two in-situ tenants at the lease expiry in October 2026.
By providing a clean investment with “four rent cheques per year” to an investor, you will attract private investors who do not wish the hassle of investing in residential. Furthermore, whilst we avoid ideally selling to SIPP investors, occasionally they are the correct purchaser – a SIPP buyer will not be able to acquire residential so by the split I propose you are now bringing in this section of the market.
Furthermore, including the residential in the sale makes the lot size large for many private investors. Splitting has the advantage of reducing the money involved and widening your buyer pool.
So, we will have five years of income in a good South East town at a rent which can be shown to have been recently re-based.
Neil Singer
CEO, Founding Partner
Our marketing costs are £2,500 + VAT which covers the costs of website, photos, video, aerial photography, PDF, emailer systems, online execution, etc.
Our fees in this instance will be X% of the Sale Price + VAT.
In addition, we are offering a service to advertise online, using our expertise within this area. Advertising will be crafted specifically in relation to your property. We will advise which social platforms we recommend and advise a budget of between £500 to £1,000;
We will charge £500 + VAT to manage the process and report engagement.
The property forms part of a £27,000,000 mixed use development completed in June 2012. It includes the Airdrie Community Health Centre, a state-of-the-art health centre for NHS Lanarkshire. Home Bargains occupy the majority of the ground floor along with part of the basement. The health centre is owned by the Scottish Government. Plans are available to download.
The unit has extensive glazed frontage onto Graham Street. The front of the unit is used for sales with rear for storage, WC and staff accommodation. A basement area is utilised for storage and deliveries to the service entrance.
During a storm in February 2020 there was damage and localised failure of cladding to the larger common building. Discussions are ongoing with the co-owners of the common building (the largest owner being the Scottish Government) and the main contractor to agree the extent of the works. It is envisaged that there will be no disruption to the trading of Home Bargains during any remedial works. The vendor, Sheet Anchor Investments Ltd (SAIL), and their managing arm will oversee the process and SAIL will indemnify the purchaser for the share of any costs arising so there will be no cost or risk to the purchaser. Further details can be provided.
If you create a long leasehold on the upper parts, you will be offering a freehold retail investment with the benefit of income from WH Smith Retail Holdings Limited. Whilst WH Smith will be regarded as a good covenant, it is helpful that the subletting amounts to just under 50% of the rent since this provides additional cover. In marketing, we would stress the flexibility by having two in-situ tenants at the lease expiry in October 2026.
By providing a clean investment with “four rent cheques per year” to an investor, you will attract private investors who do not wish the hassle of investing in residential. Furthermore, whilst we avoid ideally selling to SIPP investors, occasionally they are the correct purchaser – a SIPP buyer will not be able to acquire residential so by the split I propose you are now bringing in this section of the market.
Furthermore, including the residential in the sale makes the lot size large for many private investors. Splitting has the advantage of reducing the money involved and widening your buyer pool.
So, we will have five years of income in a good South East town at a rent which can be shown to have been recently re-based.
When we are selling your property, you will have access to real time activity reports so you can see exactly the interest generated from our marketing. Selling clients no longer need to ask for an update. This is available at a click so when selling you have exact knowledge of the market reaction to your property.
Distributed, Opened and Clicked
Viewed in Real Time
Singer Vielle was instructed to sell this freehold industrial investment in Maldon, Essex at £3 million. Within ten working days from launch, the property was legally acquired online substantially in excess of the asking price.
The quality of our market leading online presentations, including video, ground and aerial photography, plus our recognised depth of marketing, enabled a high level of interest to be generated quickly.
Even though none of the interested investors were provided with an exclusive position, one particular party speculated reviewing the legal package and clearing the verification process in order to place themselves in a strong position. Just ten working days into marketing, this party submitted an online clicktopurchase® offer to treat at an aggressive level…
Singer Vielle were instructed to offer this infamous freehold investment in Woking in the summer of 2019. During the marketing campaign, 12,675 marketing emails highlighting the opportunity were opened, with 1,771 clicks to the marketing website. In addition, the presentation was viewed by 2,355 parties in reflection of our high online presence.
Having identified a purchaser, the party was provided with five days in which to purchase online by clicktopurchase®. The successful purchaser submitted the online legal offer to treat on 13th June 2019 at the asking price of £1.25m, a princely sum, the offer was accepted and the contract exchanged instantly.
We use all modern methods of marketing and communication. You can choose any number of ways to receive notifications of our new property sales:
Register on our databases; receive alerts on Twitter, Instagram, YouTube or Facebook; follow us or join our LinkedIn groups; click the red bell on one of our home pages to receive on-screen messages.
We are here to help every step of the way. If for any reason the current properties we are marketing are not suitable, let us know what you are seeking and we will contact you when an appropriate property sale becomes available.
© 2024 Singer Vielle Ltd
© 2024 Singer Vielle Ltd