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Receivership Purchase

WeaponX
WeaponX Posts: 57 Forumite
in House buying, renting & selling
Hi all,

I've seen these flats going for sale:

http://www.33petergate.com/

and

http://media.rightmove.co.uk/84k/83863/36827663/83863_1_Bedroom_1_DOC_00_0000.pdf

Now I'm confused the first link Allsop is advertising this property for sale and the second link it's Galliard homes. What's the likely story here?

And what does it mean by 'Receivership Purchase'?

Thanks again.

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Company building them has gone under. Flats to be sold to settle their debts.
  • DVardysShadow
    DVardysShadow Posts: 18,949 Forumite
    edited 8 February 2012 at 11:22AM
    Allsop are the administrators of the company selling, which [I assume] is Galliard, who presumably have gone bust.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
  • WeaponX
    WeaponX Posts: 57 Forumite
    If Galliard have gone bust, I'm guessing this will have a knock on effect on all the other properties they have built?

    So if these flats have to be sold to settle their debts, can I go in with a really low offer, how should I play my cards?
  • GDB2222
    GDB2222 Posts: 26,877 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Or perhaps Galliard bought them from the receivers of a company that has gone bust? I haven't heard that Galliard have gone bust.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • AdmiralX
    AdmiralX Posts: 330 Forumite
    There is competition, I understand, for these flats and registering for viewing. The rent can be good.
    "I'll be back."
This discussion has been closed.
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