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Consulco Real Estate Announces Sale of Refurbished Cadogan Court Flat

Consulco Real Estate is pleased to announce the sale of this reconfigured and refurbished two-bedroom first floor apartment in London’s exclusive Sloane Square area. 

In a market where the values of prime London properties have fallen by over 8% in the past two years and where sales volumes sit well below their peak, this is a particularly positive result (source: Knight Frank Prime Central London Sales Index December 2016 and 2017).   Our team has been able to generate a small profit for our clients, despite multiple market shocks during the investment period.  These have included the Brexit vote and additional taxes levied on higher value properties and their owners.

The value added to the apartment by Consulco’s experienced Real Estate team ensured that our investors’ capital was protected against the slump in prices, whilst our tenacity ensured that the sale completed successfully despite far fewer prospective purchasers than anticipated.

The apartment is located in Cadogan Court, a period portered red brick mansion block in a conservation area in Chelsea, one of London’s most desirable residential boroughs, and also in close proximity to exclusive Knightsbridge.  It was acquired for £2,150,000 and sold for £3,200,000 after extensive refurbishment.  The selling agent was Winkworths, founded in 1835 and one of London’s best-established estate agencies.

Cadogan Court was an ‘unloved’ apartment in very poor condition, with an ‘occurred’ layout (having been incoherently adapted over time) and only one bathroom. We identified the potential of this property and entered into a successful sealed bid to secure it.

Over a 12 month build period, Consulco created a modern, luxurious apartment to match the prestigious building and exclusive address. With our team of experts, we designed a unique lateral space and enhanced the accommodation into a very functional two-bedroom, two-bathroom layout which included:

  • High-end specification (including marble and silk wall coverings)
  • Bespoke joinery
  • Advanced technology with a wireless lighting, TV and music system
  • Underfloor heating
  • Made-to-measure light fittings and furniture

Consulco Real Estate’s role and procedure involved:

  • Acquisition conveyancing
  • Appraisals with different scenarios to establish to highest possible value.
  • Comparables analysis
  • Licence to alter
  • Conservation area consent
  • Planning permission to change back windows
  • Planning and development appraisals
  • Space planning
  • Design and specification
  • Estimate of construction cost and professional fees
  • Tender
  • Tender analysis
  • JCT contracts
  • Project management
  • Cooperating with building restrictions / neighbours
  • Liaising with building control / managing agents
  • Market appraisal
  • Sale

Consulco Group provides wealth management opportunities to investors, managing assets of approx. £100 million, mostly group owned with a spread over commercial and residential properties.

London real estate has always been a quality investment asset type forming an integral part of wealth diversification and asset allocation strategies for professional and individual investors from all over the globe.

We invite you to read about our current London Real Estate investment opportunity, here.

 


© Consulco Limited 2018. All rights reserved.No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Consulco Limited. The information provided in this publication does not constitute legal, tax or investment advice and no responsibility is accepted for any loss occasioned directly or indirectly as a result of persons acting, or refraining from acting, wholly or partially in reliance upon it.

© 2018 Consulco Capital. All rights reserved.
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Consulco Capital Limited, is an alternative fund manager, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), under License number AIFM05/56/2013. Risk warning: Investing in financial instruments involves a high degree of risk and may not be suitable to all investors. Trading in financial instruments can result in both an increase or decrease in capital. Please refer to our Risk Disclosure available on our web site for further information.

DISCLAIMER

The information contained in this webpage is provided for general information only and does not constitute a recommendation, offer or invitation to make an investment, nor has it been prepared in connection with any such recommendation, offer or invitation, and is not directed to any person in any jurisdiction where the publication or availability of the information is prohibited. In preparing the information, we have not taken into account your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. The information contained herein has been obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. Any examples shown may be purely hypothetical and have been included for demonstrational purposes only.

The performance, or any particular repayment of capital is not guaranteed. Past performance is not a reliable indicator of future results. Returns linked to currencies may increase or decrease as a result of currency fluctuations. Tax treatments depend on the individual circumstances and may be subject to change in the future.

Phone details

Nicosia, Cyprus
73 Metochiou Str., Engomi 2407, Cyprus

Tel.: + 357 22 361300
Fax: + 357 22 752597

 

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