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Andrew Granger & Co. assist in the sale of a rare investment and development opportunity in Anstey

Tue 7 November 2023

Gynsill Court in Anstey proved to be a unique project for Andrew Granger & Co.’s commercial team.

Approached by the client that inherited the Grade II listed, three-storey Victorian residence, set in seven acres of gardens and with four further self-contained flats in converted outbuildings, Andrew Granger & Co. went on to guide and assist with the splitting of the properties and market them to make the most of the sale of the overall site.

Working with a data base of existing clients and contacts, Andrew Granger & Co. marketed the properties, that are ideally located close to the A46 and A50, firstly selling the gardens as one lot. This was purchased by Keepmoat Homes Ltd who then built a successful development of 40 homes on the site – the sales of which have all now completed.

The main Victorian residence was sold to another client who, as it was already effectively split into nine separate apartments, has kept it to let out as an ongoing investment under assured shorthold tenancies.

The mews terrace of four self-contained flats was purchased by a third client and later underwent a further significant development project to create nine separate apartments which are also let out as a long-term investment.

The sale process was initially started in 2015 with the sales of the three lots going through at different times from 2019 through to 2022. Even though the garden was initially sold with outline planning permission in place there were unexpected delays due to the title deeds, further planning permissions and the sites Section 106 agreement.

Kevin Skipworth, Commercial Surveyor at Andrew Granger & Co, says: “This was a very one-off project for me despite 40 in the industry and it was a real pleasure to work on.

“The client and I shared the same vision for the overall site and knowing what great opportunities it offered I wasn’t surprised that there was plenty of interest in the various elements. I was delighted to be able to bring this to fruition for him.”

The client, Janek Matthews, adds: “This was always going to be a slightly complicated sale for me both emotionally with it being my former family home, but also mentally as there was a lot to consider.     

“I’m very grateful to Kevin for his advice and hard work. He really did see the properties potential and get the best from it for me.”

Do you need advice on the best way to make your commercial property or land work for you? You can find out more and get in touch with the team on 0116 242 9933.