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The 'pay-off'

block sale of flats

 

In my 6 April 2005 letter to Mr Michael Howard, then Leader of the Conservative Party, I wrote:

"It fills me with utter disbelief to see what 'the system' is prepared to do to help a rogue landlord build a penthouse flat at the cost of lessees and further increase his financial gains by getting flats cheaply as a result of extortionate service charges. At the end of the day, this is the essence of it"

This was in April 2005. The following is what has happened since.

Overview of ownership

Throughout the site I have captured this slide which includes my estimate (in March 2006) of the total 'potential pay-off' of £7 million (US$12.3 million)

( PDF of above diagram - at February 2006)

Comprehensive detail is comprised under Owners identity # 3 and # 3.1 ; Headlessors ; Freehold Ownership

This includes the sale of the lease on the penthouse flat BGL 54 458 and associated car parking space, title BGL 47 667 - on 1 December 2005.

The transaction is recorded at £3.9 million (US$6.9 million). The penthouse flat was then advertised In October 2007 for £6,500,000 (US$11.5 millions)

(See Photo gallery re. the construction of the penthouse flat, as well as: Planning applications ; Major works home page, and Martin Russell Jones # 9 , # 12 , # 13 , # 17 for the claims made about the construction of the penthouse flat )

 

The following are details on an estate agents website at 9 January 2007

(NB: This flat was listed on the West London County Court claim WL 203537 - Particulars of claim and ended-up paying the full amount demanded (see 'My analysis of contributions paid' in the pack). The person was one of the leaseholders who wrote to the tribunal (LVT # 8.1.2 ; Other Residents)

Price

£250,000 (US$441,000)

Status

Sold

Description (from website) (US$ = my additions)

Tenure : Leasehold ; Floor area : 299 sq ft

Service charge : Approx £1,629.24 (US$2,990) per annum

Ground rent : Approx £300 (US$530)

Studio apartment wonderfully located moments from Harrods, Harvey Nichols and the exclusive boutiques of Sloane Street

Flat 11 is also available for purchase at an additional fee of £250,000 (US$441,000)

- Studio room

- Bathroom

- Kitchen

- Jefferson House amenities : lift, porter

 

(NB: This flat was listed on the West London County Court claim WL 203537 - Particulars of claim and ended-up paying the full amount demanded (see 'My analysis of contributions paid' in the pack). The person was one of the leaseholders who wrote to the tribunal (LVT # 8.1.2 ; Other Residents)

In a planning application dated 14 May 2008, in relation to the 'lightwell', this flat is listed as the "Applicant".

Prior 'applicants' for planning applications in relation to the lightwell include CMD Ltd on 25 November 2002 ; 'Steel Services' on 7 January 2004 and on 19 April 2004 )

Price

£250,000 (US$441,000)

Status

Sold

Description (from website) (US$ = my additions)

Tenure : Leasehold ; Floor area : 262 sq ft

(NB: No detail on service charge and ground rent)

Studio apartment wonderfully located moments from Harrods, Harvey Nichols and the exclusive boutiques of Sloane Street

Flat 10 is also available for purchase at an additional fee of £250,000 (USD$441,000)

- Studio room

- Kitchen

- Bathroom

- Jefferson House amenities : lift, porter

 

(NB: This person ended-up paying the full amount demanded (see 'My analysis of contributions paid' in the pack))

Price

£285,000 (US$503,000)

Status

Sold

Description (from website) (US$ = my additions)

Tenure : Leasehold ; Floor area : 380 sq ft

Service charge : £1,500 (US$2,650) per annum to include heating and hot water

(NB: No detail on ground rent)

An attractive and particularly spacious lower ground floor studio apartment in very good order throughout.

Jefferson House is a well maintained portered building situated in the heart of Knightsbridge.

- Studio room

- Kitchen

- Shower room

-Porter

 

Price

£259,950 (US$458,000)

Status

Sold

Description (from website) (US$ = my additions)

Tenure : Leasehold ; Floor area : 246 sq ft

(NB: No detail on service charge and ground rent)

A bright studio flat with patio situated at the rear of this portered building in the heart of Knightsbridge.

Studio room with open-plan kitchen

Shower room

Patio

Lift

Porter

 

Price

£269,950 (US$476,000)

Status

For sale

Description (from website) (US$ = my additions)

Tenure : Leasehold ; Floor area : 279 sq ft

(NB: No detail on service charge and ground rent)

A bright studio flat situated on the 1st floor in this portered building located in the heart of Knightsbridge.

Studio room with open-plan kitchen

Shower room

Lift

Porter