New Cross Road SE14 – Phase 1
Through a process of site assembly, 12 flats were acquired in several transactions. Completion of the initial purchase of 7 freehold flats at auction coincided with the parallel transaction of the vacant commercial space at ground level. Three subsequent transactions at auction and through private treaty completed the site.
The 12 existing flats were fully refurbished, re-let and refinanced.
A portion of the flats are held by the director in private capacity.
Location, Area & Transport
New Cross is at the centre of change and regeneration in South East London. Driven by excellent transport links London Bridge, Cannon Street and Charing Cross are only seven to ten minutes away by train. The recent extension of the London Overground Line now places the City and East End within easy reach and the area also stands to benefit from the proposed extension of the Bakerloo. Dozens of projects are now underway that will provide significant numbers of new homes and jobs for the area, along with major improvements to the local infrastructure and environment. The local council has embarked on a programme of work to improve walking and cycling routes, which connect proposed new development sites with one another, as well as with existing facilities. Already, £4 million secured from the Government has been spent on improving the main pedestrian shortcut between New Cross and neighbouring Deptford. At the heart of New Cross' transformation is Goldsmith University which creates a large student population and buzz to the area. Furthermore increasing numbers of young professionals are drawn to New Cross' growing number of coffee shops, restaurants and cultural attractions stimulating further strong rental demand.
Closest Stations:
New Cross(0.1 miles)- Deptford(0.3 miles)
Deptford Bridge(0.3 miles)
Peckham High Street SE15 – Phase 1
An auction purchase of two Victorian mixed-use properties with vacant flats in shell condition. The existing flats have been refurbished to a high standard, let and added to the corporate portfolio.
Location, Area & transport
Peckham is one of London’s fastest growing and vibrant areas with cafes, restaurants and art galleries attracting London’s increasing young and affluent professional population. Significant European Union funding over the past 10 years has boosted the image of Peckham and is now described by the New York Times as “a go-to cultural destination”. Peckham has benefits from excellent transport links to central London and a host of local amenities. The London Overground line was connected to two local station in 2012, shortly after the site was purchased.
Closest Stations:
- Peckham Rye(0.3 miles)
- Queens Road Peckham(0.7 miles)
- Denmark Hill(0.8 miles)
Stratford E15
This one bedroom flat was purchased at auction and added to the shareholders portfolio after a light refurbishment.
Location, Area & Transport
Located close to The Queen Elizabeth Olympic Park, has benefitted from the transformation of the Olympic site into a brand new piece of the city, right in the heart of London’s East End. The Queen Elizabeth Olympic Park combines lush parklands and waterways, new neighbourhoods and world-class sports and entertainment venues.
The largest regeneration site in Europe
and one of London’s bravest urban projects, the London 2012 Olympic Games have brought an unprecedented scale and pace of development to this area.
Closest Stations:
Leyton(0.1 miles)- Stratford International(1.1 miles)
- Maryland(1.1 miles)
Old Kent Road SE1
Located less then a mile from the major rejuvenation area around Elephant and Castle, this flat benefits from excellent bus and tube connections into the city: Elephant and Castle - 10 min Westminster & Monument 15 min
Southwark is fast becoming one of London's most dynamic boroughs with 40 per cent currently under regeneration and developments valued at around £4 billion. The regeneration of Elephant and Castle will include the creation of a new pedestrianised town centre, market square, 5,000 new and replacement homes, up to 450,000 square feet of retail space, an integrated public transport hub, and five green spaces.
Closest Stations:
- Borough(0.8 miles)
- Elephant & Castle(0.8 miles)
- Elephant & Castle (Northern)(0.8 miles)
