Area: Islington

Islington Square

The Challenge

Our client is looking to diversify their wealth and build a buy-to-let portfolio in Central London. Our aim is to identify opportunities where we can buy 6 more units in order to both qualify for commercial rates of stamp duty but also secure decent discounts. The aim of the portfolio is to provide our client with a stable rental income and capital appreciation over the medium to long term.

 

The Perfect Conclusion

We successfully sourced this superb bulk discount purchase of multiple units in one of the best new builds to come to market in north central London in recent years. Islington Square was once formerly an Edwardian Royal Mail sorting office, and retains period charm and character combined with all the efficiencies of a new build. We negotiated aggressively and managed to secure a significant 17.75% saving on the asking price resulting in a 4.8% projected net yield (return on equity).

 

The Unfair Advantage

We have the expertise to source and negotiate excellent discounts in the best buildings for our clients. In this instance our client has been able to take advantage of the weaker pound, and a softer market, to secure an attractive discounted multiple unit purchase. Black Brick will manage the letting of the apartments, providing a seamless service at minimal stress to the client.

 

Peacock Place

Our Client

An American Buyer. 

The Challenge

Our American clients were looking for a long term investment situated between Islington and the West End. Their daughter was going to live in the apartment whilst working and living in London and needed to be able to rent a room out to a friend.

The Perfect Conclusion

Our knowledge and experience in having searched these locations for clients on many occasions allowed us to isolate very quickly the best investments in the market and to present the safest and best located options to the family. Having had an offer accepted on an excellent apartment in Islington and progressing the transaction very close to exchange of contracts, the seller then decided not to sell and pulled the contract. We were able to source an excellent alternative for the client in less than a week. Much to our delight, the family preferred the new property – a top floor, two bedroom apartment in a modern development measuring 1,263 square feet on a quiet turning very close to Highbury and Islington tube station. The apartment was one of only two of its kind in the development and had lovely light, lots of space and rooftop views. The apartment was bought for £1.25m, which equates to £989 per square foot.