Exchanged, Stoke Newington!!!
On behalf of existing clients, Highfield were instructed to manage a full and open market disposal of 3 shops and upper parts on an unconditional basis on Stoke Newington High Street. The site had recently been refused planning permission for change of use to A3 and 9 residential units. We were inundated with interest not only to purchase the site but from triple A covenants wishing to pre-let the commercial aspect subject to gaining the necessary use class. This helped negotiations to create a favourable result for our clients and contracts were exchanged at £3,500,000.
Following the launch of our marketing and full Estates Gazette advert we exchanged within days but still have many unhappy under bidders looking for similar opportunities. If you have a site in planning at present and would like to discuss prospective land values or sites with planning you would consider selling, please speak to a member of the Highfield Team.