Gunnersbury Investment Sold
Properties which offer a variety of ways to improve value are always appealing in the market, and our sale of a mixed-use investment offering both development potential and long term income was no exception.
Kingsbury were appointed by the private owners of 113-117 Gunnersbury Lane, which had been in the same ownership for over 80 years, in order to handle a disposal which would maximise value. Prior to commencing a sale, a planning brief was established for the site, which demonstrated that the property was suitable for mixed-use development. As an alternative strategy, the exiting Tenant, Topps Tiles, confirmed that they would be keen to remain in the property on a long term lease.
Following a short but intensive open marketing process, over 20 offers were received for the property, with the successful party exchanging contracts in less than 5 days, at a price well in excess of the original £1,500,000 guide price.
Kingsbury’s expertise across market sectors enables properties such as this to be marketed to a wide range of potential Buyers, ensuring that the sale price is maximised within a controlled timeframe.
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- Sold for £1,850,000
- 113-117 Gunnersbury Avenue London W5
- First time on the market in 80 years
- Prominent West London roadside position
- Ground floor retail space with 16 studios above
- Open market disposal
From our first meeting at the property, Kingsbury fulfilled us with confidence that they understood exactly how to mange all aspects of this sale, going above and beyond the expected role of an Estate Agent
Tom & Valerie Sullivan,
The Sullivan Family