Woodbridge Road

Guildford

Acquired in partnership with Gorse Lane Properties, BHP purchased the last 3 units in a small unit office scheme.

The existing agency team were re-engaged to continue marketing the units and these were sold to owner occupiers.

STRENGTHS

  • Completed development
  • Pricing reflected the vendor's desire to exit scheme
  • Small freehold units have limited competition in the town

OPPORTUNITIES

  • To sell at a margin to the agreeable entry price
  • Two of the units were side by side and could be sold as one

WEAKNESSES

  • The vendor had not managed to sell the units during their marketing
  • FH owner occupier demand had been soaked up by the previous sales on the scheme
  • Parking was limited

Threats

  • Slightly remote from town centre
  • Parking would be viewed as insufficient
  • FH owner occupier demand has been absorbed by earlier sales in the scheme