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TWO VALUATION CASE STUDIES

Whiteland’s House, Chelsea SW3



Whiteland’s House is a substantial mixed use building situated close to Sloane Square, comprising over 100 flats over basement, ground and first to eleventh floors, with offices and retail units on the ground and basement floors.

 

Negotiations between the freeholder and residential lessees had run for some time with respect to a possible sale of the freehold interest.  JLL was instructed to advise both parties on the valuation issues on the prospective sale, to follow established principles in leasehold reform coupled with incorporating various agreed factors between the parties.  

 

This was a major valuation instruction including preparation of floor plans of all flats for the new lease documentation.  Such is the nature of the freehold and leasehold structure, our advice included varying computations factoring intermediate leasehold interests.

 

Following our advice, negotiations have continued between the freeholder and the residential lessees working group.




 

 

Onslow Gardens, South Kensington SW7



Prior to its merger with JLL, Boyle & Co. was introduced to the client Kin Too Holdings, to provide loan security valuation advice on this and other properties.  Since then we have provided updated loan security advice and have been further consulted at various stages in respect of ground rent reviews and the acquisition of a statutory 90-year lease extension.

 

We have recently represented two separate lessees in acquiring 90-year lease extensions within the same building. There remains the potential to collectively acquire the freehold at some point in the future.

At various stages the client had sales and lettings opportunities on which we have advised independently.  In addition we have provided further leasehold reform advice personally to our main contact at Kin Too Holdings.