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.
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.