‘Freezehold’, a revolutionary new way to acquire commercial property for buyers frustrated by the credit crunch, drew in the crowds at the Kent 20/20 Show – the largest business conference and exhibition in the South East – this April.
After stirring addresses by Dragon’s Den panellist James Caan and Alan Sugar’s right hand man Nick Hewer, there was a new optimism abroad at the show, and forward thinking entrepreneurs were quick to respond to a scheme which offers them the opportunity to secure new business premises without waiting for banks or other lenders to supply funding.
The ‘Freezehold’ scheme, showcased by property developers Frogmore, has proved so successful that it has been introduced as standard practice at a number of Frogmore’s business parks throughout the UK.
The ‘Freezehold’ scheme allows prospective buyers to lease a new property with the option of purchasing it later at a pre-agreed price, when funds become available. Frogmore guarantee that the price remains frozen – hence the name – whatever happens to property values in the meantime.
The ‘Freezehold’ scheme is currently available to new occupiers at Frogmore’s Crossways Business Park, Dartford site, and has recently been extended to their business parks at M11 Business Link, Stansted, and Edward Court, Altrincham Business Park.