Commercial Property in Northumberland Heath Purchased in 28 Days
|Property Type||Condition||Reason For Sale||Completion|
|Commercial Property||Poor Condition||Threat of Repossession||28 Days|
The property comprised of derelict outbuildings and garaging affixed to a period Northumberland Heath detached house.
The detached house was already converted into apartments whilst the adjoining commercial building was only partially converted, unfit for habitation and poorly designed.
The Landlords commercial loan had been called in after their surveyors inspected the state of the unfinished building works; the subject property simply wasn’t suitable security for the loan, the seller had to dispose of the property fast before receivers were instructed.
The seller obtained an instant indicative online offer from 365 Property Buyer which was followed up with an acceptable formal offer the next working day.
365 Property Buyer being cash buyers were not restricted by lending criteria and completed the sale in 4 weeks.
Interestingly and a warning to all, the seller was attracted by a “quick sale buyer” who offered “100% market value”, which was in fact, nothing more than an Estate Agent requiring a six-month sole selling agreement and a £3500 + vat fee!
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We are a UK Property Buying Company that purchases property quickly, we also make the process of selling your home to 365 Property Buyer very straightforward & our current average completion time for any type of property (not just Commercial Property's) is 15 days.