Singer Vielle sells Wilko investment online, despite challenging market conditions and restrictions.
Singer Vielle has exchanged contracts on the sale of a retail investment in Aberdare.
Let to Wilko Retail Limited with a further 9 years unexpired lease term, the property was sold to a private investor.
This particular sale demonstrates just how vital the combination of quality presentations and technology can be during the sales process, especially given the current market conditions and restrictions. The buyer did not inspect, instead relying on Singer Vielle’s full presentation (including full video, extensive photography and aerials) and contracts were quickly and easily exchanged online via the clicktopurchase® execution platform, avoiding the need for physical signatures. It took just 5 working days from solicitors being instructed to contracts being exchanged.
Dale Henry of Singer Vielle: “Encouragingly, despite the challenging market we are faced with there was competition amongst investors for the property and we are finding that there is still good demand for opportunities let to secure tenants on long leases.”