A property firm in London has moved office after – somewhat unusually – selling its own offices for £4.35 million on behalf of the freeholder.
Henshall & Partners, which offers both residential and commercial properties for sale, had occupied its offices at 17-19 Risborough Street in Southwark since being established in 2017 but was required to move out after the building was acquired by developer Tailored Living Solutions (TLS).
It has gained planning permission to turn the 1990s commercial building into a 20,000 sq ft upmarket office development.
£180,000 a year
The estate agency had held a leasehold at the address until selling the property on behalf of freeholder, who had been renting out the four-storey warehouse-style building for £180,000 a year.
Once completed, the new edifice will have seven stories including a roof terrace on the top floor which will afford amazing views over the local skyline.
Henshall & Partners faced the prospect of finding a new office within its traditional Southwark patch but has secured new premises at nearby Great Suffolk Yard, which will also enable the firm to expand.
“After a highly successful 2021, we are thrilled to enter the next stage of our growth with our move to Great Suffolk Yard,” says founder Chris Henshall (pictured)
“From our new office, we are looking forward to continuing our success through expanding the team and building on our deal pipeline for 2022 and beyond.”
Read more about Henshall & Partners from The Neg.