The Rosalind Green Hall
A story of perseverance, purpose, and community impact
Tower Hamlets, E1
6,000 SQ FT
Sold in Stepney
Over the summer, TSP successfully completed the sale of The Rosalind Green Hall in Stepney Green, acting on behalf of a major national charity.
This unique freehold, comprising almost 6,000 sq. ft. and spread over three floors, had a rich history: it served as a place of worship, provided a home for a youth boxing gym, and most recently housed a construction skills academy.
Marketing in a subdued market isn’t easy
We targeted investors, developers and local charities.
Although the building wasn’t listed, its constrained access, and conservation area location meant the highest value was to remain as a community use.
The sale, concluded at £1.8 million, represents a strong result secured through our targeted approach within the sector. Despite a weaker market and the property’s requirement for comprehensive refurbishment, our relationships with active charitable buyers ensured the building found a suitable purchaser determined to continue its story of community impact.
The new owner, a local charity, will transform The Rosalind Green Hall into a dedicated community centre, preserving the building’s tradition of serving local people.
Key Trends Behind the Sale
This sale reflects two key trends in the charitable property market: a continued demand for adaptable, characterful buildings with community potential, and the need for flexibility and persistence to complete deals in a cautious market.
If you’re considering an asset sale here are a few tips to ensure a successful transaction:
- Early valuation advice in the form of a Designated Advisors Report is key
- Employing a good photographer for architectural imagery can help elevate even the most unloved buildings
- Keep an open mind towards pricing and be open to offers and less conventional proposals
- Be tenacious and chase enquirers
- Prepare a full set of CPSE responses, and provide standard searches as part of your legal pack to help speed up the transaction
- List your building on Rightmove – a major source of commercial enquiries
- The real estate market is seasonal – hit peak periods, such as September or mid-January.
If you’re thinking of selling, need a valuation, or just want to discuss the market, we’re here to help. Get in touch.
