Craigard

Flexus

BOUGHT AND SOLD 2016
Bought for: £1.2m
Sold (six months later) for: £3m
The Asset Long leasehold interest in a dilapidated R&D unit extending to 30,000 sq ft

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Overview

The business Plan was to take the property back to shell condition and openly market for all opportunities allowing flexibility to respond to occupier demand. The head lease, which held numerous restrictions was also renegotiated with the Freeholder to an institutional standard.

Following a short period of marketing an established technology firm expressed interest and a sale was agreed with Craigard carrying out some enabling works.

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