House Enfranchisement, Expert Witness
House Enfranchisement, Expert Witness
House Enfranchisement, Expert Witness
Collective Enfranchisement, Expert Witness
Collective Enfranchisement, Expert Witness
Collective Enfranchisement, Expert Witness
Collective Enfranchisement, Expert Witness
Collective Enfranchisement, Expert Witness
Collective Enfranchisement, Lease Extensions
Collective Enfranchisement, Lease Extensions
Collective Enfranchisement, Lease Extensions
Collective Enfranchisement, Lease Extensions
Collective Enfranchisement, Lease Extensions

This property lies opposite the Hurlingham Club in a prime part of Fulham. A number of leaseholders wanted to collectively enfranchise both blocks which comprised 104 flats (with three different lease lengths) and a two deck underground car park. All leaseholders were invited to participate and also join a ’residents’ investment club’ which would buy the non-participants’ share and grant future lease extensions. 66 participated, 38 did not.

Michael successfully negotiated the purchase against a somewhat awkward landlord. He also dealt with the post enfranchisement lease extensions which proved to be a great investment.

  • Collective enfranchisement
  • Acted on behalf of leaseholders to acquire freehold
  • Negotiated settlement

Issues

  • 3 different unexpired terms and relativity
  • 38 non-participants
  • Flat values
  • Non-participant hope of marriage value
  • Value of parking

Result

  • Michael Lee valuation £800,000; landlord valuation £1,280,000
  • Agreed at £900,000

Contact us: Office: 020 3376 3032 | Mobile: 07738 271826 | info@michael-lee.co.uk | instagram gold Michael_Lee_Surveyors

 

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