Sales Process

Tenure

NHS Property Services owns the freehold interest in the Property and is registered under two separate titles (Title No. SGL575750 and Title No. SGL575751).

Copies of the Title documents and a report on title are available to download from the Data Room.

VAT

The property is not elected for VAT.

EPC

The property has an EPC rating of a C. A copy of the EPC is available to download from the Data Room.

Method of Sale

The freehold interest in the property is being offered for sale by informal tender.

Deposit

A deposit equivalent to 10% of the purchase price is payable by the Purchaser to the Vendor on exchange of contracts.

Professional Fees

Each party is responsible for their own costs incurred in the transaction.

Clawback Provision

The vendor will require a clawback/anti-embarrassment provision. Details are available to download from the Data Room.

Basis of Offer

Offers are invited to acquire the freehold interest with vacant possession. The Vendor will consider both conditional and unconditional bids. Bidders are required to complete the Bid Submission Template which is available to download from the Data Room.

Bids are to be received by the updated deadline of 2pm on Friday 26th March 2021 and are to be submitted by email as follows:

Ref. Priory Crescent Bid
FAO Andrew Fraser
Lambert Smith Hampton
E: afraser@lsh.co.uk (Please also send a copy of your bid to london.sites@property.nhs.uk)

The vendor is not bound to accept the highest or any offer and reserves the right to enter into negotiations with any party. Unless stated, offers are subject to contract only.

Viewings

Viewings can be arranged for interested parties, strictly by appointment only through the sole selling agent Lambert Smith Hampton. Please contact James Kirby to book an appointment.

Parties will be expected to follow all Government guidance relating to Coronavirus (Covid-19) at the time of inspection.

Data Room

Interested parties requiring access to title, planning and other documents should register to access the Data Room.