Development For Sale London Ad:826673

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£2,700,000

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Development
For Sale
London
United Kingdom

Development of Nine Residential Apartments over Three Floors in Canary Wharf

SUMMARY
Return Offered: 15%
Term: 12 Months Fixed
Security: First Legal Charge registered at land registry over properties purchased to be
Registered at Land Registry and Secured Loan Notes issued in favour of the investors.

Due to the success of previous project of 2015 which was the development of four residential apartments on the ground floor of the BH development, we have now secured the Lease of the airspace above it to develop three additional floors consisting of nine newly built residential apartments. Permission has been granted for the identical building of Marina point which is located on the same Freehold.

The project is located near Cross Harbour DLR station. Located within Canary Wharf, this affluent area is experiencing rapid growth in the residential property sector. The ground floor is currently being developed into four new residential apartments by the development company and are scheduled to complete December 2015.

Current plans are to build nine residential apartments over three floors above the existing building. The newly built residential apartments will be aimed at the middle end of Canary Wharf market and as such are priced attractively. The neighbouring development being sold by Galliard homes is now priced at �850 � �1,100 per square foot; over 50% more expensive than the target price to achieve for the project mentioned.

For further details please contact us

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