Overview


Price

£700,000

Date Sourced

May 2018

York House

Chelsea, SW3

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.

Location

We’re ready when you are

Buying Icon

We’re ready when you are

We would be delighted to hear from you to discuss your own property requirements. For a non-obligatory consultation, please contact us.

We have an unrivalled track record

We come highly recommended

We come highly recommended.