Summary
Our long-serving client who has engaged us for property acquisition and consultancy services over several years, sought our expert evaluation of a rare penthouse-style apartment. The property, positioned in a waterfront boutique building with just five apartments (one per floor), was an exceptional offering for the area and was scheduled for auction. Following a comprehensive market analysis and due diligence, we recommended our client that the property is worth pursuing. Through a well-executed strategy, we successfully negotiated the purchase prior to auction, securing the property despite strong competition.
Key Points
- Property Evaluation: We inspected the property and provided a detailed assessment of its value and potential.
- Market Analysis: Conducted due diligence to understand the market conditions and determine the property’s competitive positioning.
- Strategic Advice: Recommended pursuing the property, recognising its rarity and potential to attract serious buyers.
- Buying Strategy: Developed and executed a targeted strategy to secure the property before it reached auction.
- Seamless Coordination: Worked closely with the client, their financial advisor, solicitors, and the selling agent to ensure swift action.
- Overcoming Competition: Anticipated and outmanoeuvred competing buyers to stay ahead at every stage of the negotiation process.
- Successful Outcome: Secured the property pre-auction, delivering a desirable result under competitive circumstances.
- Client-Centred Approach: Managed the process diligently, minimising stress for the client while ensuring the deal was closed efficiently.