the usual thing to do is to continue operating the property while looking for a buyer
Is that true even when “operating” means “making commitments to events many months out”? Which I would expect to make the building hard to sell.
(Though I guess you could switch to a new operating mode where you only do bookings on quite short notice? But I expect that would lose a very large part of the value of events since many of the people you want to attend can’t do things on 3w notice)
Sales for this kind of property would almost always have many months of notice, so I don’t think scheduling things 6 months in-advance would deter potential buyers.
It would be pretty normal and standard for a buyer to have to wait 6 months before they can take possession of the property, so I don’t think this would matter that much. And my guess is 6 months is plenty of time for Wytham to provide most of its value.
Is that true even when “operating” means “making commitments to events many months out”? Which I would expect to make the building hard to sell.
(Though I guess you could switch to a new operating mode where you only do bookings on quite short notice? But I expect that would lose a very large part of the value of events since many of the people you want to attend can’t do things on 3w notice)
Sales for this kind of property would almost always have many months of notice, so I don’t think scheduling things 6 months in-advance would deter potential buyers.
It would be pretty normal and standard for a buyer to have to wait 6 months before they can take possession of the property, so I don’t think this would matter that much. And my guess is 6 months is plenty of time for Wytham to provide most of its value.