A mixed-use property let to a national bookmaker, with development potential above it, sourced by approaching the vendor directly rather than waiting for a listing.
The challenge
A mixed-use property with ground-floor retail (let to Coral) and residential upper floors, plus development potential for an additional level.
GalimAI solution
- Direct vendor approach: contacted the vendor through targeted outreach
- Creative structuring: negotiated 5% exchange with five-month completion
- Development potential: identified additional level opportunity
Deal outcome
- Purchase price: £380,000
- Transaction fee: £23,000 + VAT
- Flexible terms: extended completion period as requested
- Added value: development potential identified and secured