This summer has seen another successful office sale for Coke Gearing, with the completion of 23 & 24 M11 Business Link, Stansted, to a local occupier who has acquired the property for their new head office.
The Purchaser was operating from rented accommodation and had been looking for a suitable freehold headquarters for several years. The property provided the right combination of location, accommodation, and specification, allowing the business to secure a permanent base and invest in premises of its own.
A key part of the transaction was negotiating a six-month period for the existing owner to remain in occupation following completion. This gave the Purchaser time to plan and undertake the fit-out of their new headquarters, while providing the Vendor with time to make alternative arrangements.
We are also continuing to assist the original Vendor with their next move and are currently helping them find smaller office accommodation in the local area.
The sale is another example of the importance of finding the right building, for the right buyer, at the right time, and demonstrates the value of taking a practical approach to structuring transactions around the requirements of both parties.
For further information on commercial property sales, acquisitions and lease advice across Hertfordshire and Essex, please contact Coke Gearing on 01279 758758.
