Residential Acquisition, Chelsea, London

Challenge

Vail Williams was appointed by a high-net-worth private individual seeking to acquire an exclusive premises in the Chelsea / Kensington area of London.

The 5,300 sq ft semi-detached house had five bedrooms and we were appointed to undertake a pre-acquisition survey for the buyer and liaise on various contractual matters with the seller.

How we helped

• Undertook pre-acquisition survey to identify any issues of concern with the building ahead of the purchase.
• Liaised with seller regarding purchaser concerns over insurance on an extended completion date and furnishings.
• Acted as a conduit between the seller and our client’s solicitors to ensure a smooth process and avoid the potential for misunderstanding.
• Undertook a review of existing Party Wall Awards bringing potential issues to the client’s attention.

Result

• Technical building surveying advice, together with strong communication and collaboration between buyer, seller and legal team, ensured the acquisition went smoothly for our client.
• Resolved insurance issues resulting from a delayed completion and facilitated acquisition of various chattels by client.
• Our client successfully purchased the property for £13 million.