Investment disposal of 30+ properties

Client: Leach Homes

Location: East London and the East of England including Hertfordshire, Bedfordshire and Essex

Services: Investment disposals

Brief

Following competition from a number of Agents, Brasier Freeth was instructed by Leach Pension Scheme (Trustees) Limited and Hubert C Leach Limited to sell a portfolio of over 30 commercial and residential investments, offering a variety of active asset management, development and reversionary opportunities.

The Journey

The majority of the Leach portfolio had been in our client’s ownership for 50 years or more and in many cases had been developed by them originally.

The portfolio situated over a wide geographical area included a variety of investment opportunities including; 24 individual retail units, petrol station, office, doctors surgery, public house, gym, community centre, 2 snooker halls, bar/nightclub, 47 residential ground rents and over 50 lock-up garages.

In addition to income-producing investments, there were a number of properties which offered development potential and others with the opportunity to add value by active management.

The portfolio had an estimated value in excess of £7 million.

Having reviewed the potential of the portfolio for sales as individual assets or a sale in its entirety the Team decided that selling the individual investments would yield a greater return.  Whilst a single sale wasn’t ruled out, a bespoke marketing plan was developed for selling the properties separately and the Team commenced marketing the portfolio. With an established network of contacts, our Agents wasted no time in getting the opportunities to the market.

The Results

Within less than ten months, our Agency Team had sold all but one of the properties within the 63,500 square foot portfolio, exceeding the anticipated sales value by over £1 million, achieving sales totalling £8.1 million.