28/06/2018

SUSSEX HOUSE, THE PINES, GUILDFORD – COMPETITIVE FREEHOLD SALE

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Acting on behalf of Chemox Pound, Wadham and Isherwood have sold the freehold of Sussex House to Ethereal Star Investment Ltd. The building totalled approx. 6,000 sqft and was sold with vacant possession of the first floor (2,878 sqft) and subject to and with the benefit of a lease on the ground floor,to an investor /owner occupier, who intends to occupy part of the first floor itself, but let out the remainder.

In a competitive situation involving 2 owner occupiers, a figure in excess of £900,000 plus VAT was achieved. In commenting on the deal, James Finn said ‘It was always likely that this building would go to an owner occupier and this proved to be the case. The purchaser was a cash buyer and the sale demonstrates that there are still plenty of purchasers in the market with cash if they can find the right product’.