Track record
Surplus car dealership, Norwich
Pendragon Plc
Provision of market leading transactional advice within this alternative sector.
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National Agency
Service
Automotive & Roadside
Industry
The project
Due to a change in business circumstances, our client was looking to dispose of a purpose-built car dealership located on twin sites within a popular commercial area of Norwich.
The site was held on the remainder of a lease and our client wanted to minimise their potential liability on the location.
Our solution
- Our team mobilised quickly to inspect and advise on the best course of action to market the site
- Our extensive mailing list and contacts within the market enabled us to target likely interested parties that would not require planning
- We agreed the deal with another car supermarket operator to avoid the need for planning consent
- A number of difficult points relating to the existing agreements on the site were successfully negotiated
- The deal was completed in just over 3 months from the marketing board being erected