Alchemi Group purchased this two bedroom, fifth floor, walk-up flat in very poor condition. Upon purchase, the Group was also able to negotiate the rights to the airspace which enabled them to increase the accommodation to 1,500 square feet. The end result was a large apartment with a private terrace. The design of the flat created quite a buzz among industry aficionados who were especially impressed with the dramatic bathrooms. The flat was bid up over the asking price and sold within the first six weeks on the market. The return to the investors was an impressive 38.6%