A major investment in Leeds city centre is one of five properties with values of between £800,000 and £7m to be sold online on Thursday 30 June by Lambert Smith Hampton’s capital markets division.
Bids in excess of £800,000 are being invited for the long let freehold mixed use investment at 31 Oxford Row / 43-47 Great George Street in Leeds, LS1 3BB, one of five investments going under the hammer on June 30.
The sales will combine the market insight of LSH’s London and regional capital markets team with the clarity of a transparent and competitive bidding process via an online platform. The winning bid is legally binding, providing certainty for both buyer and sellers.
“Moving traditional sales into innovative transactional media reflects our desire to always add value to the delivery process,” said Abid Jaffry, head of Northern Capital Markets at LSH. “Our clients’ needs are at the top of the list so innovating different ways of bringing properties to the market is fundamentally important.
“This particular route will provide speed, certainty and performance using a contemporary platform which is a natural progression to the demands of today’s property market.”
Ezra Nahome, CEO of LSH, said: “We have a successful track record in taking traditional property transactions online and moving the investment market onto the internet is a logical next step.
“Bringing our capital markets sales online makes sense for everyone involved: sellers get the same high-quality advice and legal certainty that they’ve always enjoyed, but benefit from the transparency, immediacy and global reach of an online disposal platform; buyers have access to the same detailed due diligence as they would if they were buying commercial property through traditional channels, but now have a quick and convenient platform for completing their purchase.
“LSH encourages staff to think beyond the obvious and look at better ways of helping our clients. This online investment sale platform is the latest initiative to emerge from our progressive philosophy and we will continue to break new ground with other exciting ventures over the coming months.”