Five investment properties will be sold online on Thursday 30 June by Lambert Smith Hampton’s capital markets division. The legally binding sales process is a new concept online-only tool that LSH has developed to appeal to growing international interest in UK real estate as a safe investment for capital while providing certainty for both buyer and sellers.
The industrial and retail properties range in value from just under £1m to approximately £7m and are located in Leeds, Glasgow, Edinburgh and Skelmersdale outside Liverpool, offering international buyers exposure to key UK regional markets including in Leeds and Liverpool, both at the heart of the much-publicised Northern Powerhouse.
Ezra Nahome, CEO of Lambert Smith Hampton, explains: “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.”
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.