This is an example of how Obbard’s ‘insider knowledge’ of the property investment market benefitted our client. The first floor flat, located in the South Kensington area, came onto the market at a time when we were aware that the second floor might also be for sale.
Both apartments were acquired and developed into a stunning duplex. The two floors were connected by a state-of-the-art internal staircase using steel tension wires and luxurious leather wall panelling to create a contemporary focal point.
The final configuration comprised a spacious reception with wonderfully high ceilings, a large kitchen/breakfast room, 4 bedrooms, 4 bathrooms plus study area. The property achieved the asking price, returning around 30% on Gross Development Value (GDV).