Despite views from some that the high street investment market is uniformly difficult we demonstrated in a recent auction that there is strong demand in certain micro markets.
As part of a rebalancing exercise Cordatus Property Trust has sold 82-84 St Anns Road, Harrow for £3.25m , some 75% above the guide price. The lot was the largest in the Acuitus auction and attracted intense bidding from a large number of private investors. The price achieved reflected the demand for retail units with accompanying residential development potential in a market that has been largely starved of opportunities.
The sale reflects our policy of always employing a bottom up as well as a top down strategy when it comes to both purchases and sales.