CASE STUDY: Property Search in London with Palmstar
Palmstar have recently acquired two prime, two bedroom apartments in the Vista development (pictured) on Chelsea Bridge Road, SW8.
Our client’s brief: A long-term investment in two new-build/off-plan properties that would provide capital growth, easily rented and were to complete the transaction over two years. The budget was c. £4m and the client was flexible on location as long as it was in Zone 1.
THE PROPERTY SEARCH: We put together an initial list of twenty-four developments across London. Together we narrowed the list down to a shortlist of six options all of which were on the periphery of Zone 1. Palmstar produced weekly reports summarising the recommended developments which we discussed with the client. After previewing the short-list on our client’s behalf, we agreed the top three developments to view. All three sites were viewed on the same day of the client’s itinerary, and included an in depth report on all salient points, including local amenities, transport links and capital appreciation. On selecting the two units to buy, we were bidding against another buyer for one of the apartments, however since our client had retained our services this enabled them access to a solid relationship with a leading London developer and were able to negotiate and secure both properties. This included two parking spaces and a considerably more flexible payment plan to suit our client. The two apartments had west facing views over Battersea Park and partial views of the River Thames – two of the most attractive units in the development. The development will benefit from two new underground train stations: Battersea and Nine Elms, as well as the new commercial amenities in the Nine Elms development area.
RECOMENDATION AND REFERRAL: Our client sought our advice and recommendation for a tax adviser and solicitor, both of which we introduced, providing a best in class service. Since acting for the client they have referred our services twice. Within this process all transportation and appointments were arranged on the client’s behalf to ensure a seamless itinerary.
For more information on buying new-build and off-plan property in London see how we can help: Buying New-Build Developments with Palmstar or email Nicholas Jaffray at: firstname.lastname@example.org.
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