Sold on behalf of Administrators with a guide price of £7.5m. Sale concluded by a Clicktopurchase® “Best Offers”. A demonstration of speed, certainty and transparency.
On behalf of Administrators, Singer Vielle were instructed in 2023 to marketing a complicated property in Reading town centre.
The property suffered from many issues, including failure to meet planning obligations, fire protection matters and vacancies.
The property was offered with Clicktopurchase® functionality in order to enable interested parties to submit legal offers to treat online and, thereby, provide the selling bank with speed and certainty during the sale process. Extensive information was provided in the data room to ensure full disclosure.
Significant interest was generated. It was decided just two weeks into marketing to conclude the sale by a Clicktopurchase® “Best Offers”.
Sykes Capital, the successful purchaser, submitted their Clicktopurchase® by the deadline, the offer was accepted and a legally-binding, digitally-signed contract was auto-generated by the platform.
“In our experience clicktopurchase has been easy to navigate and seamless throughout. As seasoned investors, the unique process of submitting legally binding best bids by a deadline date suits our ‘no nonsense’ style of acquiring well and we would be very willing to use the platform going forward.” Charlie Sykes, Director of Sykes Capital
The enhanced level of information provided helped the buyer’s speedy review of the asset, whilst our proprietary technology enabled Sykes Capital to move to a fast legal contract exchange online and prove their intent.
The blockchain audit trail can be found here.
View the full journey of the sale here.
A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.
*note: variations may occur depending upon territory.
clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.
Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.
A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.
*note: variations may occur depending upon territory.
clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.
Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.
A unique transactional platform where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.
*note: variations may occur depending upon territory.
clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.
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