Our principal focus is to maximise returns from investment and occupational opportunities and to actively manage the asset through to disposal. Careful stock selection, active asset management and professional property management are the key elements to achieving our clients' objectives. Egan Property Asset Management have sold 44-46 Sekforde Street, EC1 on behalf of private clients.
There was a planning consent in place for an additional floor of 900 sq ft to be added to the existing 6,618 sq ft of office accommodation over LG, G and 3 upper floors. We refurbished the property for 500k, re geared leases with existing tenants or re let, obtained planning consent for a penthouse apartment, agreed a reciprocal rights of light agreement and purchased a right of way of the neighbouring land.
There was a planning consent in place for an additional floor of 900 sq ft to be added to the existing 6,618 sq ft of office accommodation over LG, G and 3 upper floors. We refurbished the property for 500k, re geared leases with existing tenants or re let, obtained planning consent for a penthouse apartment, agreed a reciprocal rights of light agreement and purchased a right of way of the neighbouring land.
Services
EPAM purchased the Freehold interest in the site for a private client for 1.4m. The freehold income is based on the turnover revenue of the car park. We successfully put the site forward for allocation into the Islington local plan for a mixed use redevelopment scheme. We negotiated a profit share with the long leaseholder and acted as joint selling agents on the sale.
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