The work that’s already underway around the Royal Docks is considered the UK’s number one regeneration project for the next quarter century. Some GBP 22 billion of investment potential has been identified in the area, with mixed-use projects such as the GBP 3.5 billion Royal Wharf and GBP 1.5 billion Silvertown Quays set to deliver massive employment and economic output growth.
The GBP 1 billion Asian Business Port (ABP) is a key driver of growth in the area, with estimates putting the scheme’s impact at over 20,000 new jobs and some GBP6 billion value added to London’s economy. Representing the largest ever Chinese investment in the UK, the ABP will provide a platform for Asian businesses looking to expand into Europe and is already attracting interest from some of China’s largest financial organisations as the project bids to transform the Royal Docks into a business and finance hub to rival the City and Canary Wharf.
The GBP 15.9 billion Crossrail project will begin operations in 2018, and with a new GBP 35 million station at Custom House, Europe’s largest infrastructure project is set to have a significant impact on the Royal Docks. Travel times to key locations such as Canary Wharf and Paddington will be halved by the new service, and that level of increased connectivity combined with the huge regeneration investment going into the area is turning the Royal Docks into a prime property investment location.
Identifying good value property investments in Central London is increasingly difficult, as prices rise. Yes you can expect capital growth if you buy sensibly, but it is challenging to also get a healthy yield.
Redevelopment and regeneration in inner-east areas such as Hackney and Woolwich present such opportunities. This investment property taps into that capital buoyancy and delivers decent yields for London, owing to the huge investment flowing into London’s Royal Docks.
This Thameside district, just minutes from a future Crossrail station at Custom House, is ideally located to take advantage of the transformation of this historic area. This towering new development is at the gateway to a Royal Victoria Dock that’s being refashioned for the twenty-first century as a vibrant commercial, residential and leisure hub.
Luxury 1, 2 and 3 bed apartments
Balcony, terrace or sun lounge and panoramic views from very unit
New-build development featuring spectacular curved architecture
Premium amenities including 24-hour concierge
Minutes from DLR and Crossrail Stations -just 8 minutes' to Canary Wharf
Key position amid the wider redevelopment of the Royal Docks
GBP 22 billion of surrounding investment potential including landmark projects such as Silvertown Quays, Royal Wharf and the Asian Business Port
Investment expected to spur 30% local employment growth
Apartment sizes from 644 to 1,414 square feet
175-year leasehold title (from 1999)
Completion expected in Q4 2017
Up to 75% LTV financing available
Projected gross yields of up to 4%
The improved connectivity Crossrail is set to deliver combined with the huge scale of regeneration going on around the docks are driving capital growth upwards. The area around Royal Victoria Dock is forecast to see further growth of some 40.5% by 2020.
This is supported by house price growth across the London Borough of Newham of 15.5% in the year to August 2015, while properties within ten minutes of the future Custom House Crossrail station saw prices rise by 46% between Q1 2013 and Q2 2015.
This 2 bed apartment is on the 9th floor and is 921 sq ft or 85.6 sqm. It’s gross yield is 3.65%.
The property can be managed on your behalf, if you are an overseas investor and want it all taken care of.
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