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“The vendor is looking for a fairly swift sale. He’s got his eye on another building that makes him more money. I’m quite happy to pick up their scraps. And this is off market. This is completely off the ground – no one has seen this.”
The developer’s secret – sometimes the best deals are other people’s scraps. When experienced developers move on to bigger and better projects, they often offload great opportunities quickly. This Reading block is completely off market and exclusive.
Vendor wants swift sale to move onto more profitable building
They’re developers who know the area – not desperate sellers
Case of jumping on better opportunity, happy to pass on scraps
Off market deal – no one else has seen this property
Amazing roof space with big bonus potential
Centre of Reading with views across town
PD already approved with no parking requirements
Reading town centre discourages parking anyway
“You might have to sell up and buy an entire block, get the rest of the cash together. You’re going to have to sell everything.” Sometimes the best opportunities require big moves.
“Can I be honest? I’m struggling to find downsides.” When experienced property professionals can’t find the problems, that’s usually a very good sign.
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