Canary Gateway
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INVEST AT CANARY WHARF, LONDON WITH A GUARANTEED SAVING OF 35% OR MORE. PRICED FROM £197 500!
Exclusive, new waterside apartments
International Property Solutions, IPS, in conjunction with Jawitz Properties, offers South African investors a first, unique opportunity to invest in an exciting new residential development in a London growth point. The Canary Gateway residential development comprises 160 exclusive, waterside apartments with balconies, built and equipped to the highest quality standards and overlooking the Limehouse Cut, a tributary of the Thames River.
This area of London is undergoing rapid regeneration designed to suit the discerning needs of young professionals being employed in the nearby, rapidly growing financial district of Canary Wharf – 3 minutes away.
Background
To give you some detail of our new development "Canary Gateway" aptly named as it sits at the entrance to Europe's largest financial centre Canary Wharf which is home to many of the world's leading players in the financial sector. Laying some 500 meters north of canary Wharf this development will in the future be home to young professionals who are working in the "Wharf".
The development boasts 160 private units many which have commanding views over the Limehouse Cut which is a tributary of the River Thames and which in the past was a working waterway although now is a gentle stretch of water, home to many species of birds and is part of a protected conservation area.
There will be a resident concierge on site once it is completed and there are a limited amount of car spaces which will certainly achieve a premium as parking in this location becomes more difficult with the parking restrictions in place.
The individual apartments will be built to the highest standards and will have to meet the new levels of energy conservation that now is commonplace in developments of this nature. All apartments will be designed to meet the highest demands of the discerning occupier and will boast the finest bathroom and kitchen fittings that is demanded of developers in the current marketplace. They will all have optimum light from windows and will all have either balconies/terraces that will certainly enhance the living space. Ceramic and wooden floors together with high grade carpets in bedrooms will compliment the floor spaces and lighting will generally be low voltage down lights to give the contemporary feel demanded by the ever knowledgeable buyer of today.
High demand location
Canary Gateway is well situated in an area marked by a rental culture. It is a brilliant catchment for the UK’s highest paid executive rental market and the working population doubles every two years (from a current 70 000 to a projected 160 000 by 2012). Residents have the added benefit of being within easy walking distance of global businesses, vibrant lifestyle amenities together with road, rail and air transport – Jubilee and East London Line plus the Docklands Light Railway. The City Airport is 20 minutes away! Improvements for 2012 will result in one of the best public transport networks in the world.
Stunning Value
The development adjoins a protected conservation area that will be home to many species of birdlife and comes onto the market priced from £197 500 or £525 / per sq foot. This is 35-40% lower than the comparative price of properties only 500 metres south of Canary Wharf, where prices range from £800 - £1 000 / per sq foot.
Up to Two-and-half year completion
Building will start soon and completion is scheduled for the end of 2010 i.e. a 30 month completion. It is designed to provide quality accommodation for discerning young professionals and executives who want to live close to where they work and also require the diversity of amenities that promote a vibrant urban lifestyle.
A world first opportunity
City and Docklands, one of the largest development companies in London, is under the helm of former South African, CEO Gary Sachs. The company has successfully sold over 600 properties to South African investors and, through IPS and Jawitz, has released its latest London development to South Africa first.
Planning approval is awaited for a further development of 120 residential units and the refurbishment of two warehouses into restaurants and café-bistro style businesses on a site, adjoining Canary Gateway.
Easy payment terms
IPS has negotiated highly favourable payment terms for South African investors, comprising a 2.5% immediate deposit, 2.5% in six months, 2.5% in nine months and 2.5% in 12 months. The remaining 15% to 20% is due on completion of the project in 30 months time.
Long term capital growth zone
Canary Gateway is a fine opportunity for investors to diversify their portfolios in a market of high stability and in a country well known for its strong currency. This area falls right in the UK’s strongest long term capital growth zone. Although the rise in property prices in the UK is lower than the growth rate of properties in South Africa, the stability and sophistication of the market in Britain ensures investors of significant wealth accumulation at extremely low risk.
Whether Canary Gateway represents an investment or a home purchase opportunity, the fundamentals are in place in the British market to ensure superb returns in the medium to long term.
Of key significance is the fact that an investment in Canary Gateway represents sound asset diversification outside of South Africa. Canary Gateway will be launching in the major centres of South Africa (Johannesburg, Pretoria and Cape Town from June 19th 2008. See Press/website for details.
Why the UK Property Market is a good investment?
6 real reasons to invest in Canary Gateway now!
- The development opportunity.
- UK Fundamentals ensure medium to long term growth.
- Prices at 35-40% lower than other Canary Wharf properties.
- South African investors get first bite of the cherry.
- Easier Payment Terms than usual.
- Great asset diversification opportunity for South Africans.
Rents
The average market value at present in E14 is as follows:
- Studios - £1341 per Calendar month
- 1 bed - £1472 pcm
- 2 beds - £2081 pcm
- 3 beds - £3325 pcm
These figures are very recent and are based on figures from 250 Agents dealing in the E14 postal district.
Average rental yields have risen in the last 6 months to 5% in the area, and we predict a Yield Growth of 1% per annum in E14 for the next 2 years.
Jonathan Werth, Life Residential – Management Agent
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