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 Available Property: Reference [New luxury flat in Canary Wharf London]

Location

England
Inner London

Price

£355,000

Delivery date: Autumn 2010
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Property ID: 490948


















     
 

 Description

Key selling points

  • the heart of the World's fastest growing financial district
  • the UK’s fastest growing business district
  • a major price reduction by the distresses seller

Key points

  • New spacious 1 bedroom 12th floor luxury apartment overlooking the River Thames in the stunning residential 45 storey skyscraper
  • The best located residential development in the heart of the World's fastest growing financial district and the UK's fastest growing business district - Canary Wharf
  • Major price reduction by the distressed seller for an urgent sale: £355,000 only. The developer's current price for a similar unit at 11th floor is £389,000.
  • Stylishly finished apartments with designer kitchen and bathroom units
  • Ground and first floor restaurants, cafés and boutique stores set around a central landscaped piazza

About Canary Wharf

Canary Wharf, which is the world's single largest commercial property development, rivals the City of London as the UK's financial centre. It is the UK's fastest growing business district. Its tenants include major banks, such as Credit Suisse, HSBC, Citigroup, Lehman Brothers, Morgan Stanley, Bank of America, and Barclays, law firms such as Clifford Chance, as well as major news media and service firms, including Reuters and the Daily Mirror.

According to the Mayor of London's "London Plan" (the strategic plan for the development of London in the next 15 years), "...Canary Wharf is already known globally as the prime focus for banking headquarters, as well as for financial and business services. ...The planning framework for the area should consolidate and expand this role." The Local Development Framework envisages Canary Wharf to provide around 20.5 million sq. ft. (1.9 million sq. m.) of new office space and around 100,000 new jobs to 2016.

Given the massive expansion of new office developments and excellent and improving transport links, Canary Wharf is set to continue its draw for high quality employment driving demand for easily accessible quality living space and thus offering exceptional long term property price growth and prime rental returns from "blue chip tenants" for property investors.

Property overview

1 bedroom 12th floor 534 sq ft (49.4 sq m) luxury apartment facing the River Thames in the heart of the World's fastest growing financial district. 

Stunning residential 45 storey skyscraper designed by world renowned architects Squire and Partners, architects of the development The Knightsbridge.

One of the tallest residential buildings in the UK which already received extensive press coverage as one of the London's iconic buildings.

Considered by many as the best located new residential development in Canary Wharf: 5 minute walk to Canary Wharf's vibrant heart with its banks, corporates, retail shops, food outlets, and health clubs, little over 100 meters to the Thames River, 50 meters to picturesque docks, and less than 200 meters to new massive developments of office towers: Riverside South, Heron Quay and Arrowhead (Riverside South and Heron Quay - from among largest office complexes in Europe).

There is already a shortage of quality housing within the prime area which will only increase as prime office space and employment at Canary Wharf continue to grow.

Ground and first floor restaurants, cafés and boutique stores set around a central landscaped piazza, stunning design and superior specification: floor-to-ceiling glazing for panoramic views, the kitchens with granite finish, high gloss contemporary units, glass splash backs, and integrated Siemens appliances, the bathrooms with marble floor and wall tiles and Villeroy & Boch sanitaryware / Hansgrohe brassware; comfort cooling throughout, video entry system to all apartments, optional secure underground parking for residents, residents' gymnasium and 24 hour concierge.

10 year warranty from the National House-Building Council, the standard setting body and leading warranty and insurance provider for new homes in the UK.

Payment: 10% on exchange of contracts, 5% in Jan 2009, the balance on completion at the end of 2010.

Services included: arrangement of a legal support, advice on a tax efficient property ownership structure, facilitation of a mortgage application, arrangement for a property to be furnished, hiring of a property management and lettings company.

 

 
     
     
 

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