Rapleys is delighted to announce that real estate investment company Aprirose has sold the former Volkswagen dealership on Edgware Road to Jemca.
The 19,859 sq ft site was originally marketed to let, but after being inundated with bids and following an offer from Jemca, Aprirose chose to move forward with the sale. The location of the site was a big draw for potential buyers with the property situated in a prominent position amongst other big-name retailers.
Heading up the deal was Rapleys Automotive and Roadside Partner Daniel Cook and Paul Taylor from Latitude Real Estate advised Jemca.
Daniel commented that the circumstances surrounding the sale “demonstrate clearly the difficulty car dealers are having in finding suitable premises as they now have to compete with not only potentially higher value uses, but also the investment market in order to locate to an appropriate site.”
Published in MotorTrader.com