A trust based in Jersey that was looking to consolidate its property portfolio.
To assist the trust in the sale of an apartment in Earls Court. It should have been a straightforward sale of a well-proportioned and recently renovated one bed apartment in a very popular garden square in Earls Court. However during the marketing of the flat the managing agents issued a notice for significant major works to the roof which had passed is useful life, the costs of which were a big unknown.
We not only successfully negotiated with the buyer to offer within 2% of the revised asking price but also to take a view on the costs of the works. This worked out at a most competitive £1,441/sqft especially when considering the two most recent comparable sales achieved only £1,267/sqft and £1,145/sqft respectively.