Ambrose House
We hunt out the best deals. Knowing the vendor was distressed, we negotiated £150,000 from the asking price
- Price
- £1.5 million
- Date Sourced
- January 2016
- Service
- Investing, Property Management
- Result
- Good Saving, Market Knowledge, Quick Purchase
The Brief
A Middle Eastern Buyer.
The Challenge
A repeat client of ours was looking for a secure long term property investment in Central London.
What We Did
We identified a distressed sale in Phase 1 of the new Battersea Power Station Development. We managed to negotiate and secure a 14th floor river facing 2 bedroom unit at approximately £1,500 per square foot. Other similar units have exchanged for £1,800 per square foot plus. We were able to negotiate a substantially reduced price as the vendor was keen to sell having suffered from a severe currency depreciation in their home country. The unit is in one of the best positions in the scheme and includes a 200 square foot winter garden. In addition we have provided a complete solution for our client through our Property Management Service, and successfully identified a suitable tenant paying £725 per week.
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