Alchemi Group

Phone: 0207 499 3881Fax: 0207 499 3883info@alchemigroup.com

21-23 Buckingham Palace Rd

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  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
  • 21-23 Buckingham Palace Rd
Area: 18,000 ft2 IRR: 40% All Sales Completed: 2014

Alchemi Group purchased 21 Buckingham Palace Rd in 2009 with backing from a consortium of UK investors. The location comprised an un-modernised office space with retail on the ground floor and a two-storey building with separate street address in the rear. Consent was obtained to convert the front into four flats and demolish the rear to build a seven-storey apartment block housing three duplex apartments above a single garage.

In 2011, Alchemi purchased the next-door building (23 Buckingham Palace Rd) and recognised the potential to merge and improve the two developments, thus creating marriage value.

The Penthouse apartment sold for £3.25m in February 2014 bringing the development to a successful completion.

*Current photos are of the Penthouse show flat. Staging furniture sourced and provided by TH2 Designs.