The Davis Brown office in Fitzrovia has been a hub of activity this year, with our commercial agents celebrating one of their best sales and letting years to date. Davis Brown commercial agents in W1 had an excellent year and were instructed on some very special properties – Stratford Place and Bourlet Close to name a few! We thought we would celebrate 2015 by sharing with you our best bits…
The Commercial department kicked off 2015 with two sales outside of London. Our commercial department like to stretch themselves not just over W1, London, but as far as their client requests. Their first sale of year was Merevale House in Tunbridge Wells – an office block perfect for investors, which boasted a good income from a government tenant. The team’s next sale was in Watford, North London. Dean Wace House was being sold as a development opportunity, a property ripe for demolition sitting on a plot with planning consent for five one bedroom flats, four two bedroom flats, as well as ground floor commercial space. As commercial agents in Fitzrovia, we know how much of a hassle planning permission can be to obtain, so it’s no wonder that this property proved popular with developers looking to get their teeth into a nice, straightforward project!
As summer approached, new commercial instructions sent our W1 based office phones into a frenzy. Our commercial team were honoured to be asked to sell No.10 Stratford Place, Marylebone. This stunning Grade II listed building dates back to the early 1770’s and has kept much of its original character and charm. Spread over six floors, with over 7,800 square feet of floor space, 10 Stratford Place was a true rarity on offer in today’s market. To make things all the more exciting, this was the first time that the freehold interest had been for sale since 1931. We set a deadline for offers and the bids came in thick and fast. The team were thrilled to complete on the property at a final sale price of well in excess of the £10 million asking price!
The commercial team found themselves travelling here there and everywhere – dashing down to Battersea on a regular basis to show an investment on Lavender Hill, and across to Dagenham for a plot of land we had for sale! Continuing the trend of successful sales, they were pleased to find that both the investment and land sold for well over asking price.
In between touring the country for the commercial department, the commercial team also spent some time working with our Residential Sales team on a couple of exciting projects. However this property wasn’t quite as far as some of their previous instructions…in fact it was only two doors down from Davis Brown’s offices on Margaret Street, Fitzrovia! For sale was a freehold conversion / refurbishment opportunity with planning consent, in the form of a four storey terraced townhouse, currently used as offices. This prime central property proved to be popular. Achieving well over the asking price, both our commercial and residential teams were very pleased with this result on our home turf, Fitzrovia.
Davis Brown commercial agents in W1 are kicking off 2016 with best bids in on the 15th January for The Old Dairy, Kilburn Lane – once a recording studio for the likes of Adele and U2! Book in your viewing to make sure you don’t miss out in the New Year!
With exciting new instructions coming up in the New Year, keep in touch and we’ll make sure you’re the first to find out!