After the decision of buying and selling, both the parties go for the conveyancing process. Conveyancing is a process in which title ownership is transferred from seller to buyer. Hamlyn began his career in property after 13 years service in the British Army where his last military appointment was as Adjutant, 2nd Queens. He joined John D Wood in 1970 and managed a new office in Horsham, Sussex, having passed the ISVA Direct Final examination to become an associate.
Conveyancing process for buyers and sellers fifer a bit. For buyers all the deed contracts are examined by Enact Conveyancing Brisbane and other vital documents are prepared by conveyancer. Commenting on his retirement, he said: “I have been proud to work with the Council and the presidential line that has successfully re-focused ISVA’s activities, raised it profile and gained First Directive status in Europe.”
Legal work such as property searches, research through local authorities and checking the land area for flood crisis and other natural calamities. After all the paper works, Contracts are signed between the parties and for exchanging those contracts a mutual date is decided. Chris Oakley reported “the property generated considerable interest when it first came to the market in the summer of this year and we had a queue of potential purchasers. The strength of the market is such that Chartwell Investments actually paid a booking fee for our Client to take the property off the open market”.
The purchase price was £250,000, showing Chartwell Investments an initial yield of 11.5% after costs. The property is let to four tenants including the National Farmers Union, Hammond & Champness Lifts and Hodgson Holdings Plc, one of the largest firms of funeral directors in the UK. The property produced a total income of £29,492 p.a.
The practice has also sold the freehold investment of 175 High Street, Lewes to a private investor. The property is Grade II listed and is one of the most attractive properties at the north end of the High Street, having excellent retail frontage and being let to Bow Windows Bookshop at £10,000 per annum. The sale of the investment showed the purchasers a return after costs of 10.25%