Case Study: Apartment sold in Portman Square
AT A GLANCE:
- Four Bedrooms
- Sixth Floor
- Six Windows Overlooking The Garden Square
- Requiring Full Refurbishment
- Access To The Private Gardens
- 24-Hour Porter
- 1547 Square Feet / 143.7 Square Meters
- Mid-Term Lease – 45 Years
- Asking Price: £2,695,000
Palmstar London have recently sold a superior 4 bedroom apartment in Portman Square.
THE APARTMENT: A rare front facing apartment with six south facing windows overlooking Portman Square Gardens. The property had not changed hands for twenty-five years and is one of only eight of its type in the building.
THE SALE: Despite the property being listed with three other estate agents, Palmstar found the buyer and contracts were exchanged one week before the EU Referendum. Palmstar recommended a specialist for the process and costs involved in extending the lease, as well as a trusted solicitor for the vendor. We secured the sale through our unrivalled network in the property industry from finding the buyer to recommending third party services including reputable solicitors and leasehold reform specialists.
FIFTEEN PORTMAN SQUARE: Fifteen Portman Square is a sought after and imposing Art Deco purpose built apartment block, on the northern side of Portman Square. Portman Square is conveniently located near to world renowned department store Selfridges, Oxford Street, Park Lane, Marble Arch and Hyde Park.
THE PORTMAN ESTATE: The Portman Estate, covering 110 acres of Marylebone in London’s West End, was founded in 1532 when the land was first leased to Sir William Portman. Today, the estate covers the area from Edgware Road in the west to beyond Baker Street in the east, and north to Crawford Street. Unlike many other estates, The Portman Estate has a distinctive multicultural aspect, with its Middle Eastern community established in and around Edgware Road since the 1970s.
CLICK HERE for further details on selling property with Palmstar.