King s Cross - The largest area of urban redevelopment and investment in London. Developer Regal Homes Architect Pollard Thomas Edwards Location Building Warranty BLP 10 Year Building Warranty Local Authority London Borough of Islington Anticipated Completion September 2018 Tenure 999-year leasehold Apartment Areas 468 1012 sq. ft. Page 1 of 5
DEVELOPMENT 118 luxury homes comprising studio, 1, 2, and 3 bedroom apartments located in the bustling King s Cross area beautifully designed to the highest specifications Within a few minutes walk to King s Cross and St Pancras stations Manicured communal gardens 24-hour concierge service CCTV to communal entrances and external common areas Short travel times to all of London s leading universities Fully equipped resident s spa, gym, and swimming pool Close to all the shops, cafes, bars & restaurants that the regenerated area has to offer Page 2 of 5
TRANSPORT LINKS Located close to King s Cross St Pancras tube and national rail stations. The six underground lines that pass through the station are Circle, Piccadilly, Hammersmith & City, Northern, Metropolitan and Victoria lines Access to Europe is available via the Eurostar from St Pancras Station Travel Times Form Kings Cross Station Angel Bank (Financial District) Camden Town London Bridge Coven Garden (Theatreland) Leicester Square Oxford Circus Green Park 2 mins 9 mins 4 mins 10 mins 6 mins 7 mins 4 mins 10 mins Paddington (Heathrow Express) Canary Wharf Temple (LSE & Kings College) Warren Street (UCL) South Kensington (Imperial College) Knightsbridge Stratford (Olympic Park & Westfield Shopping Centre) 12 mins 23 mins 18 mins 2 mins 16 mins 13 mins 22 mins Travel times and distances are approximate only. Source www.tfl.gov.uk. LONDON UNIVERSITIES AND COLLEGE King s College Strand, London WC2 Time / Tube 15 mins / Temple The London School of Economics and Political Science Houghton Street, London WC2 3 mins / Holborn University of The Arts London Granary Building, London N1C University College London Gower Street, London WC1 7 mins / Walking 2 mins / Euston Square Imperial College South Kensington Goldsmiths University of London New Cross, London SE1 City University London Northampton Square, London EC1 Time / Tube 17 mins / South Kensington 28 mins / Euston 2 mins / Angel Travel times and distances are approximate only (Station to Station). Source www.tfl.gov.uu, maps.google.co.uk and walkit.com. Walking times taken from corner of Wansey Road and Walworth Road. Page 3 of 5
COUNCIL TAX Tax Band Market value (April 1991) London Borough of Islington A Up to 40,000 850.67 B 40,001 to 52,000 992.45 C 52,001 to 68,000 1,134.23 D 68,001 to 88,000 1,276.01 E 88,001 to 120,000 1,559.57 F 120,001 to 160,000 1,843.12 G 160,001 to 320,000 2,126.69 H 320,001 and above 2,552.02 Source: http://www.islington.gov.uk. Information correct as at 23 December 2015 (Year 1 April 2015 to 31 March 2016) ESTIMATED SERVICE CHARGE 4.07 per sq. ft. p.a. GROUND RENT Studio Apartments 400 p.a. 1 Bedroom Apartments 500 p.a. 2 Bedroom Apartments 600 p.a. STAMP DUTY LAND TAX (SDLT) Lower Limited Upper Limited Old Rate of SDLT New Rate of SDLT * 0 125,000 0% 3% 125,001 250,000 2% 5% 250,001 925,000 5% 8% 925,001 1,500,000 10% 13% 1,500,001 12% 15% *Higher rates of SDLT will be charged on purchases of additional residential properties, such as buy to let properties and second homes, for properties that complete from 1 April 2016. The higher rates will be 3 percentage points above the current SDLT rates. The government will consult on the policy detail, including on whether an exemption for corporates and funds owning more than 15 residential properties is appropriate Source: https://www.gov.uk/government/publications/main-tax-announcements-for-autumn-statement-2015/main-tax-announcements-for-autumnstatement-2015#stamp-duty-land-tax-sdlt--and-capital-gains-tax-cgt Page 4 of 5
PAYMENT TERMS 1. A non-refundable booking deposit of 2,500 is payable upon reservation / exchange of contracts. 2. 10% of the purchase price, less booking deposit paid, payable on exchange of contracts within 14 days from reservation. 3. 5% of purchase price is payable 12 months from exchange of contracts. 4. The balance of 85% of the purchase price will be payable upon completion. DOCUMENTATION REQUIRED FOR EXCHANGE OF CONTRACT Passport copy / ID card Two utility bill copies with buyer s name and address One bank statement copy with buyer s name and address Please be advised that the solicitors must see the original copies of the above. CONVEYANCING FEES Property up to 1,000,000 Property over 1,000,000 1,750 plus VAT and disbursements 2,200 plus VAT and disbursements ASSIGNMENT Contracts are assignable VENDOR S SOLICITOR HOWARD KENNEDY No. 1 London Bridge London SE1 9BG Jodie Campbell Tel: 44 20 3755 5396 Fax: 44 20 3650 6748 Email: j.campbell@howardkennedy.com RECOMMENDED PURCHASER S SOLICITOR RISEAM SHARPLES SOLICITORS 2 Tower Street London WC2H 9NP Tom Sharples Tel: 44 20 7257 8910 Fax: 44 20 7836 9777 Email: tom@rs-law.co.uk Page 5 of 5