Following the acquisition of this freehold office building located adjacent to the mainline station in Purley, Moorevale undertook a comprehensive review of the various options to enhance the building's capital value. This included an extensive dialogue with the incumbent tenant, HM Department of Works and Pensions, which resulted in a new reversionary lease for 10 years being agreed alongside marking the rent to market levels. Upon successfully concluding these negotiations, Moorevale received approaches from a number of investors which subsequently resulted in the sale at a significant increase in value.Wednesday
Whytecliffe Road, Purley, Croydon
Following the acquisition of this freehold office building located adjacent to the mainline station in Purley, Moorevale undertook a comprehensive review of the various options to enhance the building's capital value. This included an extensive dialogue with the incumbent tenant, HM Department of Works and Pensions, which resulted in a new reversionary lease for 10 years being agreed alongside marking the rent to market levels. Upon successfully concluding these negotiations, Moorevale received approaches from a number of investors which subsequently resulted in the sale at a significant increase in value.
