Acting on behalf of the Open University, Carter Jonas were instructed to dispose of the university's freehold interest in a property.
The property comprised of an original manor house with two extensions and two outbuildings within a site of approximately 15 acres. The property extended to approximately 38,750 sqft of built space, sitting within landscaped gardens and woodlands and was located in the highly sought after area of Boars Hill.
The property itself presented a number of challenges for the team. Due to its size, location, and current use as commercial unit there were a number of potential end uses, including as a residential property. As a result, the Carter Jonas Commercial and Residential Agency Teams worked together in order to secure a purchaser.
With an extensive marketing campaign targeting all manner of occupiers, the interest Carter Jonas received was significant and very successfully managed.
The marketing campaign ran for approximately 6 weeks in total and resulted in an informal tender process, with two rounds of bidding and the end purchaser being an educational establishment by the name of The Peking University.
Carter Jonas’s main role was to advise on freehold disposal options and secure a purchaser with the ability to proceed and derive the best price for the Open University.