WHAT WE CURRENTLY WANT

What we generally look for comes next, but we have a particular very active requirement for freehold, or possibly long leasehold, buildings 4,000 sqft up to 10,000 sqft currently in any use, including offices, schools, churches and similar. They must be in good quality Inner London areas including Knightsbridge, possibly Pimlico, Belgravia, Chelsea, Kensington, South Kensington, Fulham, Bayswater, Notting Hill Gate, Holland Park, St John's Wood and Hampstead.

These buildings can be vacant or let on very short leases as we will need them to be vacant within the next 36 months. Alternatively, buildings which are let but where we can buy the tenant out.

We have an interesting end use in mind, which is not residential.

An absolutely crucial factor:  We know that a quick decision as to whether or not we are going to be aggressively interested in buying a project is crucial to agents. We therefore make a point of reacting and analysing all opportunities quickly and giving rapid decisions. We try very hard indeed not to let our agent friends down.

Fees:  We pay 1% onmarket acquisition fees and 2% offmarket acquisition fees. Quickly.

What?  We look for buildings that are vacant, let or part let. We are particularly interested in tired buildings with up to 5 years to go to expiry, but the shorter the better. These buildings will be in need of upgrade, ranging from simple refurbishment at one end of the spectrum to partial or complete redevelopment at the other. Reasonable capital values per sq ft are important.

We will consider all sectors, but have very considerable experience available to us in the industrial, office and retail markets. We will also consider small/medium scale student housing and leisure.

All types of buildings suitable for conversion to hotel and/or residential use in London and the South East. Projects of this nature are always carried out jointly with a regular partner with years of experience in this sector.

Where?  Anywhere. However, there are one or two special locations which we are targeting. In particular, St Pancras, Grays Inn Road and what we call North Bloomsbury. We are also very interested in Southwark.

How Much?  Buildings from £1 million to £20 million plus portfolios of up to £50 million. Our optimum lot size is £5 million.

How Much Do We Want It?  We will be very aggressive for the right property in the right location.

Contact Us

Navigator Securities
15 Bruton Place
London W1J 6LU

Ivor A French FRICS
T 020 7529 5544
M 078 9999 1111
Email Ivor

David Coleman MRICS
T 020 7529 5540
M 07956 966 677
Email David