Background
Cited Property advised a property company on the off-market sale of Cantilever Gardens, a residential freehold block investment located in Warrington.
The property comprised 75 residential units, with 42 held on Assured Shorthold Tenancies and the balance sold off on long leases, presenting a mixed-income and part-reversionary investment profile.
The Challenge
The asset’s hybrid structure required a targeted buyer strategy, balancing income security from the let units with the legal and operational considerations associated with long leasehold interests.
In addition, the disposal was subject to the Section 5 process, introducing procedural complexity and timing risk that needed to be carefully managed to ensure deal certainty.
Our Approach
Cited Property identified and engaged a highly targeted pool of off-market buyers with experience in mixed-tenure residential investments.
Through proactive positioning and disciplined negotiation, we agreed a sale with a property company at a level ahead of the client’s pricing expectations. In parallel, we managed the Section 5 process in detail, navigating statutory requirements while maintaining transaction momentum and protecting the agreed commercial terms.
The Result
The asset was successfully sold off-market at a price exceeding the client’s aspirations, delivering a strong outcome while avoiding the uncertainty of an open marketing process.
