11/05/2015

12,000 sq.ft. office building sold for residential conversion in Godalming

POSTED IN General

Wadham & Isherwood are delighted to announce the sale of Craven House, Godalming to HME Build Limited who will be carrying out a major refurbishment and conversion to provide residential flats.

Craven House comprised a three storey self contained office building measuring approximately 12,000 sq.ft.  Wadham & Isherwood some 18 months ago acted for the owners successfully letting a number of vacant suites leading on to advice on disposal strategy.  The decision was then taken to apply for permitted development rights to convert the building to 14 residential units.

Wadham & Isherwood then provided valuation advice on the proposed redevelopment and following a comprehensive marketing campaign that resulted in 10 offers being received the decision was taken to sell to HME Build Limited.

Although time sensitive, the demand for such residential development opportunities remain strong and Wadham & Isherwood are as a result actively seeking further instructions in respect of such buildings ripe for conversion.