Case Study 1

• Investment Property Acquisition;
• A European Investor looking for a property in Prime Central London;
• Crown Mayfair sourced an off market apartment in Knightsbridge at circa £1,900,000 and negotiated a 6% saving;
• The initial building survey presented some issues, which we then pressed the managing agents for immediate remedial works;
• We reduced the offer on the basis of insuring our clients against loss of rental income due to the impending works;
• Three competitive quotes were obtained for the general refurbishment to bring the property a to a good rental standard;
• We introduced our panelled interior designer to furnish the property to high level specifications;
• We appointed the most appropriate agents and negotiated the rental contracts;
• Our client achieved consecutive offers after viewings, agreed on a three year tenancy at 3.5% yield;
• Property remains under our in house property management.

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This post was written by Tim Jones