Completed sale
Marpole Properties Property Management & Construction Company Was Acquired by Spurrs Properties | Deal Summary
Marpole Properties Limited consists of a five-storey freehold property, which comprises of three commercial units, 8-bedroom HMO property and a 2-bedroom apartment. The property generates a rental income of £50,000 per annum. Marpole Properties benefits from an excellent town centre location and a recent internal and external refurbishment.
The current shareholders of Marpole Properties approached Knightsbridge with the sale of their business in order to pursue alternative business interests.
Knightsbridge was able to generate four offers, with the final offer coming from trade buyer Spurrs Properties. The acquisition will see the property continuation as a rental property.
Sara Manville, Knightsbridge Senior Sales Negotiator, advised Marpole Properties throughout the process.