A trust based in Jersey that was looking to consolidate its property portfolio.

Our client was looking to sell this two bedroom, two bathroom new build apartment in Hammersmith, West London. The challenge was selling in the midst of the current Brexit market uncertainty and competing against at least two other similar flats for sale in the building.

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.

We sourced this stunning ground and lower ground floor apartment, with direct access to communal gardens for our client in April 2014 for £6.6 million. Our clients had enjoyed living in the property, but in spring 2016 they contacted us to discreetly help find a buyer for the property as they were relocating back to the US. Our clients did not want the property to be openly marketed and our instructions were to seek a buyer privately and with minimal disruption.

Our client bought his property at the very peak of the sales market. With changes to his personal circumstances, he no longer used the property and it became an unused asset. We were tasked with managing the sale in a very challenging sales market, which saw several changes to stamp duty along with other significant changes to property ownership for foreigners. As a result we had to carefully manage our clients expectations on price and stay focused on a sale which would take many months to conclude.

Our client had his property rented out and managed through us, but decided he wanted to sell the property and release some equity in order to buy a larger home outside of London. The flat having been rented out for several years was looking quite tired and so we advised our client to spend some money on the flat in order to achieve a better sales price.