The Challenge
We were engaged by a repeat overseas client, who needed assistance with the sale of their London pied a terre in an exclusive modern development in Chelsea. At the time of being engaged, the market was going through an uncertain period, starting with Brexit, an election and finally a pandemic, presenting us with a very challenging sales market.
The Perfect Conclusion
We successfully negotiated the sale of the apartment to a cash buyer prior to the Covid-19 lockdown. Despite all the economic and market concerns, and the very many legal complications we were able to keep the transaction together without the buyer withdrawing or reducing their bid.
The Unfair Advantage
We know how to hold a deal together. Without our communication, experience, contacts and pragmatism this sale would have not gone through.
The Challenge
Our Canadian clients were looking for a pied-à-terre in Prime Central London that offered beautiful high ceilings, period details, green views and it had to be close to a tube station. They were only in London for a week and had limited time for viewings. Our clients knew and liked Marylebone, in particular because of the high street, but we felt that there were other areas worthy of consideration that were better value and would offer our clients more for their budget.
The Perfect Conclusion
Although our clients had initially come to us wanting to purchase in Marylebone, we ended up securing them a fabulous apartment in Chelsea. The Cadogan Estate have in recent years taken a very active role in the re-development of the area around Sloane Square, with Duke of York’s Square and Pavilion Road under-going a complete transformation, the latest stage of which will be the arrival of Hotel Costes with its first hotel outside of Paris.
We successfully negotiated the purchase of a stunning off market, 1st floor, one bedroom apartment overlooking private communal gardens located just a minutes’ walk from Sloane Square station. The apartment has the ideal East to West aspect which gives the bedroom the light in the morning and living room in the afternoon. It has the most wonderful period details which include exquisite ceiling mouldings and parquet flooring. Despite being off market we were still able to negotiate a saving of £45,000 from the asking price.
The Unfair Advantage
Our relationships with agents gain us priority access. We viewed this apartment before anyone else. This enabled us to offer and agree a purchase price before it was launched to the open market, thereby avoiding competition from other buyers.
Our Client
A trust based in Jersey that was looking to consolidate its property portfolio.
The Challenge
We were appointed by a Jersey based Trust company to assist in the sale of an apartment in prime Chelsea. Trustees find real value in our dedicated Managed Sale Service as it can be extremely difficult for them to co-ordinate a successful sale when not physically being based in London. It should have been a straightforward sale of a good sized one bedroom apartment in a very popular portered block moments from Sloane Square. However the leasees and the freeholder where in the midst of a major dispute over several section 20 notices and multiple planning applications which then lead to an ongoing court tribunal over enfranchisement. In an already challenging sales market, these unknowns posed a real issue for any potential buyer.
The Perfect Conclusion
Despite several challenges, we successfully found a buyer that was willing to take a view on not only the unknown level of works the building required and those related costs, but also the unknown outcome of the tribunal. In a challenging sales market, this was no mean feat and our clients were thrilled with the result.
Our Client
A Middle Eastern family.
The Challenge
Our clients were looking for a secure family pied a terre in central London. They had limited knowledge of the city, it’s diverse residential market, and only plan to be in London for a small proportion of every year; making security a paramount requirement for them.
The Perfect Conclusion
We added value to our client by showing them a wide variety of different styles of property – period conversions, mansion blocks and new builds, across a large area of London which helped them to understand the market and ultimately make an informed decision.
We successfully agreed the purchase of this attractive dual aspect 2 bedroom apartment in the highly regarded Kings Chelsea development. Formerly the site of Kings College, the Kings Development is a Grade II listed building set in 7.5 acres of walled parkland which was converted into 289 houses and apartments in 2005. The beautifully restored old buildings in the development and finely crafted new apartments are always in high demand for the discerning buyer in Chelsea looking for exceptional specification and generous living space. The site is a precious part of London’s heritage, yet it has been adapted to the needs of a new generation of Londoners, all in a landscaped parkland setting. 24 hour security, total privacy, the prime location and an array of facilities make Kings Chelsea a unique and highly desirable proposition for buyers and tenants alike.
Further facilities include a gym, swimming pool, tennis courts, manicured gardens and underground parking. The flat itself has the advantage of being located in the best building within the development, housing the facilities and the concierge desk.
Our Client
A British Family
The Challenge
We sourced this stunning first floor apartment in Chelsea for our client for £2,500,000 in July 2012. Our client had successfully let the property for four years but decided to sell in order to release funds to purchase two smaller properties for his children.
The Perfect Conclusion
Through our extensive network a buyer was identified and an offer of £3,525,000 or £2880 per square foot was accepted. This represented a 41% increase in value over a 4 year period and is the highest price ever achieved in this building-an incredible result given current market conditions.
Our Client
A South African Investor
The Challenge
Our client had owned the property for a number of years and it had been a successful rental investment for him. In 2015 he decided to sell and had engaged a local estate agent to assist him however despite a long period of marketing he had not been successful and so was looking for a fresh approach.
The Perfect Conclusion
Black Brick advised our client to stop marketing the property and to undertake a light refurbishment which we managed. Once this had been completed we arranged for the apartment to be furnished and dressed and then brought back to the market. As a result of interest from two prospective buyers the apartment was sold for £2,625,000 or £1873 per square foot.
The Client
A British buyer.
The Challenge
Our British ex pat clients were moving back to London and wanted a three bedroom apartment, close to the shops, cafes and restaurants of the Kings Road in Chelsea. The property had to have lots of natural light and the building had to be dog friendly.
The Perfect Conclusion
Through our network we identified a South facing top floor flat in a quiet street walking distance from Sloane Square and The Kings Road. The building allowed dogs and so was the perfect option for our clients. We were able to secure the apartment on an exclusive basis and contracts were exchanged within 2 weeks
The Client
An English Investor.
The Challenge
Our client wanted to purchase a one bedroom investment property in central London. They wanted a new build property with the benefits of a porter, residents leisure facilities and parking.
The Perfect Conclusion
After two property tours with our client we successfully negotiated on an apartment in the Grosvenor Waterside development which met with all of their property requirements. The apartment was sold with a tenant in situ, we also managed to negotiate an increase in rent for our client and extend the rental agreement for a further year.
The Client
An Indian Seller
The Challenge
Our international client had owned the property for many years and used it as his base in London. He had subsequently acquired a larger apartment nearby and so had decided to sell and wanted to use Black Brick’s Managed Sale Service.
The Perfect Conclusion
We arranged for three market appraisals and selected two selling agents to market the property on a ‘winner takes all’ basis to encourage competitiveness. We oversaw the marketing strategy and ensured that there were consistently high numbers of potential buyers viewing the property. The apartment was sold to a cash buyer who completed 5 days after contracts were exchanged.
The Client
An International buyer.
The Challenge
Our client was looking for a pied-a-terre providing a quiet and safe lock-up and leave apartment in central London. As they only spend a limited amount of time in London high on the list of requirements was a building with a porter, located close to shops and restaurants and with little refurbishment required.
The Perfect Conclusion
Black Brick successfully agreed the purchase of a stunning and truly unique mansion flat £150,000 below the asking price. The flat had recently been stripped back to the shell and meticulously refurbished by the vendors. We are now providing further support to the client through our vacant care service specifically designed for overseas clients.
