The Client
An Australian buyer.
The Challenge
Our Australian client was only in London for two days, and was looking to buy a large lateral two bedroom pied a terre in Central London for under £4 million. We arranged a tour of eight properties, all of which met with his criteria but varied in price and location. Their favourite was a flat in Hyde Park W2 in excellent condition overlooking a garden square and opposite a new development of refurbished flats.
The Perfect Conclusion
We successfully agreed the purchase for under the asking price, at £1,596 per square foot. Flats in a newly refurnished development on the same street are selling for close to £2,500 per square foot, highlighting the excellent deal we managed to negotiate on behalf of our client.
The Client
An Italian Buyer
The Challenge
Italian client with a dog looking for a secure pied a terre.
Clients original brief was for a three bedroom apartment within a portered building however given that many portered buildings do not allow dogs we showed them this charming mews house in a gated mews as an alternative option.
The Perfect Conclusion
Black Brick successfully agreed the purchase at asking price with an attended exchange .
We were against three other bidders however due to our relationship with the estate agent and their full confidence that our client would perform the sale was agreed with us.
The Client
Indian Buyer
The Challenge
Our Indian client was looking for a four bedroom lateral flat in a portered building close to Oxford Street. The flat was to act as a London base for himself and his family. He was budget conscious and did not want to spend more than £2 million.
The Perfect Conclusion
We sourced a fantastic top floor apartment which had been recently refurbished located within a period, portered block five minutes walk to Oxford Street and 10 minutes walk to Hyde Park.
The Client
A British Buyer
The Challenge
Our client was looking for an apartment with very specific requirements, which included a porter, car parking and situated within a building that was dog friendly.
The property also had to benefit from direct access to outside space, communal gardens and be close to one of London’s park’s. A very tough requirement!
The Perfect Conclusion
We spent many months searching for our clients ideal property. We eventually sourced a beautiful 4 bedroom, 4000 sq ft apartment with high ceilings, its own private terrace, access to communal gardens and in a building that accepts dogs and has a porter!
The property had competition so we had to act quickly and agree the property at asking price.
The Client
An African Investor
The Challenge
Our client had recently sold his business and was looking to invest £20 million into the prime Central London property market. We were tasked with building an investment portfolio for our client.
The Perfect Conclusion
We secured this freehold building with a lift and 8 self contained newly refurbished flats. We also managed to secure a 3 year rental agreement for £450,000 per annum, with no agency fees, resulting in a net yield of 5.3%. The acquisition price of £8.4m is just over £1000 per sq foot. Similar flats were achieving between £1200 – £1400 per sq ft just 2 blocks down, showing good signs for capital appreciation.
The Client
An Asian Buyer
The Challenge
Our client had already found a property in Bayswater that they wanted to purchase, and wanted our help in securing the property on the best terms possible.
The Perfect Conclusion
By retaining our Negotiation Only Service we saved our client £100,000 from the asking price, representing a 7% saving.
The Client
An Asian Investor
The Challenge
Our client was looking to buy a buy to let investment property in central London, but specifically wanted to buy in a new build development.
The Perfect Conclusion
We sourced an ideal investment property which we know is popular with corporate tenants. After completion, the property was quickly rented for £900 per week, with a further £100 per week for the parking space. The gross rental yield equated to 4.7%, which was above the market average of 4% at the time of purchase.
