FACT SHEET. An OVERVIEW Developer: Snowfinch LLP, a joint-venture between the Sunley Group and Beaubridge.

Transcription

1 FACT SHEET An OVERVIEW Developer: Snowfinch LLP, a joint-venture between the Sunley Group and Beaubridge. Address: Sunley Group - privately owned and headquartered in Mayfair that specialises in new and refurbished residential developments, commercial property investment, trading and development, heritage living and real estate equity and mezzanine finance. Beaubridge - independently-owned and managed private equity investment firm that invest funds on behalf of institutions, family offices and high net worth individuals. 8 Red Lion Street, Richmond Upon Thames, London TW9 1 RW, United kingdom. Local Authority: London Borough of Richmond upon Thames Location: Richmond Upon Thames within the London Borough of Richmond-upon-Thames. The London Borough of Richmond-upon- Thames is a borough in south-west London located 10-miles from Central London. The main town is Richmond. The River Thames travels through the borough connecting Richmond to Hampton Court, Kingston and central London. Richmond Riverside close-by to 8 Red Lion Street: According to a recent article by Homes and Property Richmond upon Thames is in the Top 10 most exclusive boroughs in London. The borough is approximately half parkland where large areas of London's open space fall within the borough s boundaries, including; Richmond Park, Kew Gardens, Bushy Park and Old Deer Park. It boasts a colourful cafe culture, thriving arts scene, a well-respected university and great nightlife. 1 P a g e

2 Location (continued): The borough is a popular shopping and entertainment destination. The area is a colourful mix of themed markets, street activities and varied retail outlets. A unique London borough that is the only one to be situated both north and south of the Thames Richmond Upon Thames is home to some extremely affluent pockets such as Twickenham, Richmond, and Kew. Buy here, and it's expected you'll see a price jump of 21.1 per cent before five years are out - * The Telegraph. Richmond has many of the major restaurant chains and can be found within 500m of Richmond Bridge. There are also plenty of privately owned restaurants with culinary offerings from around the world, including; Indian, French, German, Japanese, Korean, Russian and Spanish. Jamie Oliver s Jamie s Italian Trattoria restaurant is located just 2-minutes walk from 8 Red Lion Street. The Bingham Hotel nearby and overlooking the Thames was awarded its first Michelin star in Richmond upon Thames, of which Richmond North and South make up two of its wards, has the least poverty in London. The town has the largest commercial centre in the borough and is classified a major centre according to the London Plan. Richmond boasts a buzzing arts scene with many galleries and museums. Other highlights include a 14-screen cinema, comedy shows and a range of bars, pubs and clubs all set in a stunning riverside location. There are two local theatres, the Richmond Theatre and the Orange Tree Theatre. The borough has excellent road and public transport links to all parts of the UK so is well placed as a visitor and commercial centre. The Thames is a major contributor to the interest that Richmond inspires in many people. It has an extensive frontage around Richmond Bridge, containing many bars and restaurants. The area owes much of its Georgian style to the architect Quinlan Terry who was commissioned to restore the area ( ). Richmond Riverside close-by to 8 Red Lion Street: 2 P a g e

3 Location (continued): Richmond is one of only 4 boroughs within the entire London with fewer than 1,000 units under development reducing the oversupply risk and resulting in demanddriven inflation to price. Richmond Station is within easy reach of 8 Red Lion Street: 3-minutes 3-minutes 7-minutes Connecting with Clapham Junction and London Waterloo via South West Trains in 9 and 19 minutes, respectively. 8 Red Lion Street is 0.3 miles from Richmond Green (see panoramic photograph below), which has been described as "one of the most beautiful urban greens surviving anywhere in England", is essentially square in shape and its open grassland, framed with broadleaf trees and extends to roughly twelve acres. On summer weekends and public holidays the Green attracts many residents and visitors. It has a long history of hosting sporting events; from the 16th century onwards tournaments and archery contests have taken place on the green, while cricket matches have occurred since the mid-18th century The main commercial centres in Richmond are Barnes, Mortlake and Sheen. Red Lion Street is only 2.5 miles away from Barnes. Barnes has a traditional village feel complete with ducks and geese through the common. Barnes is also home to the award winning London Wetland Centre (opened in the year 2000) which provides a home for London's wetland flora and fauna. Red Lion Street is 1.9 miles from Mortlake which is the finishing point of the annual Oxford -v- Cambridge varsity boat race. At Mortlake the River Thames is thought to contain young salmon, referring to a fishery in the area on a former tributary of the River Thames which has now gone. Red Lion Street is only 0.5 miles away from Sheen. Sheen has many small boutique clothing shops and delicatessens. Central to the area is a small square, known as the triangle, with a war memorial, and an old mile stone. Red Lion Street is 1.9 miles from Twickenham Stadium. There is nowhere in England more important to rugby union than Twickenham Stadium. Home to England Rugby and the World Rugby Museum (WRM) this is the ultimate experience for the rugby enthusiast Richmond Green: 3 P a g e

4 Location (continued): Red Lion Street is only 0.8 miles away from London s oldest and second largest Royal Park, Richmond Park, giving quick and easy access to 2,360 acres of open space and 2 golf courses. The internationally renowned Royal Botanical Gardens at Kew are but 2 miles from 8 Red Lion Street (please see the panoramic photograph below). Excellent local schooling is available with eleven state primary schools noted as Outstanding by Ofsted and two judged as Excellent by ISI. The Development: A new local Landmark development constructed behind a most attractive and characterful period façade. Arranged over Courtyard, Ground, First, and Second Floor levels. High quality build and specification as one would expect from a prestigious property at 8 Red Lion Street. 10-year Checkmate Building Warranty with extended cover. Completion anticipated late August Richmond Park is one of the world's largest urban parks being three times the size of Central Park in New York City. Richmond offers a wide variety of office accommodation and is the UK/European headquarters of several multi-national companies including ebay, Paypal and The Securitas Group, as well as head office to a number of national, regional and local businesses. Richmond has been described as "the beating heart of London s growing technology industry" by the London Evening Standard. 19 private new residential One-bed, Two- Bed and 2-Bed Duplex apartments. Exceptional ceiling heights on every floor creating more spacious, open and brighter accommodation. Good security. Private residents courtyard to rear. Private and secure bicycle store. New 999-year Lease. Royal Botanic Gardens at Kew: 4 P a g e

5 The Development (continued): Exceptional ceiling heights, dictated by the retention of the attractive façades, set 8 Red Lion Street apart from most new build residential developments: Richmond Town Centre: 5 P a g e

6 Accommodation Summary: CY G/F 1/F 2/F TOTAL 1-bedroom Apartment bedroom Apartment TOTAL Car Parking: Tenure: There is no car parking at the development and it is car-free which means that owners and occupiers (unless they are disabled) cannot apply for a permit to park in Local Authority permit parking or Local Authority owned or licenced car parking. This is normal and to be expected both under modern planning permissions rulings and for a town centre location that applies to 8 Red Lion Street. Leasehold. Service Charge individual unit details available on request. First Year s estimated service charges range from 876 to 1,689 per annum. Service charge billed twice yearly. Being centrally located within the town of Richmond Upon Thames, there are plenty of car parking choices available close-by should residents require a parking facility. New 999-year Lease. Ground Rent: bedroom apartment bedroom apartment. Ground Rent billed annually. Completion & Settlement: Build completion is currently forecast for June/July Legal completion and settlement of buyers purchases is anticipated on 31 st August 2016 that is an agreed short-stop date. 6 P a g e

7 Ease of Travel: Richmond Station is within easy reach of 8 Red Lion Road: 3-minutes 3-minutes 7-minutes Some 144 trains depart daily from Richmond Station (frequency every 10 minutes). Richmond Station is in Zone 4. Annual Travelcard to Zone 1 costs 1,844. Clapham Junction is located just 9-minutes distant. Clapham Junction is a sprawling terminus for train and tube and your gateway to almost anywhere in London. Some 2,000 trains a day pass through Clapham Junction with most stopping making this the busiest station in Europe. Location, location, location: 7 P a g e

8 Universities and study: Council Tax: Richmond University 0.9 miles 5-minutes 5-minutes University of Roehampton 3.2 miles 10-minutes 15-minutes 23-minutes Kingston University 4.7 miles 16-minutes 17-minutes St. George s University 7.8 miles 23-minutes 44-minutes South Bank University 10.9 miles 34-minutes 47-minutes King s College London 9.8 miles 42-minutes 33-minutes London School of Economics 10 miles 39-minutes 35-minutes Imperial College 7.3 miles 19-minutes 40-minutes Tax Band Market value (April 1991) London Borough of Richmond upon Thames (Based on 2 occupants within the Property) A Up to 40,000 1, B 40,001 to 52,000 1, C 52,001 to 68,000 1, D 68,001 to 88,000 1, E 88,001 to 120,000 1, F 120,001 to 160,000 2, G 160,001 to 320,000 2, H 320,001 and above 3, Source: correct as at April P a g e

9 Reservation: As per the Reservation Agreement please refer to your Investment Manager. Legal: Fletcher Day are the law firm recommended to clients buying at 8 Red Lion Street. Fletcher Day 25 Savile Row Mayfair London W1S 2ER United Kingdom Mr. Greg Smith greg@fletcherday.co.uk Tel: +44 (0) Fees in respect of Fletcher Day s professional services to purchase a property at 8 Red Lion Street: Property value to 800,000 Fees 1,200 + VAT Property value in excess of 800,000 Fees 1,500 + VAT The solicitors will provide a full estimate of all purchase and legal costs, including disbursement charges, associated with the property purchase at 8 Red Lion Street upon their appointment to act. Assignment: Contracts may be assigned. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to herein should be independently verified by prospective buyers. Neither GIHLondon nor Grosvenor any of its employees or agents has authority to make or give any representation of warranty whatsoever in relation to the property. 9 P a g e