A former private health club which was available in the market place for a number of months via ‘the big agents’. There were previously a couple of failed attempts to do the deal. Allied managed to acquire the building and exchange contracts within 5 days of the viewing. The building was acquired on a completely unconditional basis with vacant possession. Various schemes are currently under consideration in terms of repositioning the use in the future.

Allied Property’s client in this instance is constantly looking for deliverable and valuable planning gain/repositioning opportunities across the UK. The client will consider both land and buildings with no minimum or maximum value restrictions. They are able to transact immediately with cash funds without the need for income or planning in place.