An exclusive new boutique development of eight highly specified 1 & 2 bedroom apartments located in Zone 1 of London Developer IDC Develop Address 55 57 Tower Bridge Road London SE1 Local Authority London Borough of Southwark Tenure Architect Burgess Mean Architects Building Insurance 10 Years New Home Warranty Anticipated Completion September 2017 Car Parking N/A 999 years leasehold Page 1 of 7
DEVELOPMENT AND LOCAL AREA A boutique development of 8 conveniently located apartments arranged over 3 levels Residents at 55-57 Tower Bridge Road will be deceptively close to the Capital s greatest landmarks, cultural experiences, transport hubs, theatre, arts and Royal Parks Little over 10 mins walk from Tower Bridge Principal universities within convenient proximity are listed opposite, with journey times from London Bridge station to the nearest tube station Page 2 of 7
TRANSPORT LINKS Step off the Jubilee Line at Green Park for The Ritz or Canary Wharf for Crossrail, it s just a 6 mins hop in either direction across the metropolis Both London Bridge and Elephant & Castle will be around 14 mins walk from the apartments, connecting to the Capital s entire transport network Road connections are equally fast and efficient with access to the A2 less than 200 metres from the development From London Bridge tube station (Jubilee line) Waterloo 3 mins Westminster 5 mins Green Park 6 mins Bond Street 8 mins From Elephant & Castle tube station (Bakerloo line) Piccadilly Circus 8 mins Oxford Circus 10 mins Travel times and distances are approximate only. Source www.tfl.gov.uk.july 2016 Page 3 of 7
APARTMENT MIX (8 APARTMENTS) Floor 1 Bed 2 Bed Total G/F 0 0 0 1/F 0 2 2 2/F 2 1 3 3/F 2 1 3 Total 4 4 8 Page 4 of 7
LONDON UNIVERSITIES London Metropolitan University Moorgate Station London School of Economics Holborn Station University of London Goodge Street University of Westminster Moorgate University College London Moorgate Time / Transport 3 mins / Moorgate* 5 mins / Holborn* 9 mins / Goodge Street Station* 10 mins / Moorgate Station* 11 mins / Moorgate Station* *The following are journey times from London Bridge Station King s College, Guy s Campus London Bridge University of the Arts London Elephant & Castle London Southbank University Elephant & Castle 14 mins walk 17 mins walk 18 mins walk Travel times and distances are approximate only (Station to Station). Source www.tfl.gov.uu, maps.google.co.uk and walkit.com. Page 5 of 7
COUNCIL TAX Tax Band Market Value (April 1991) London Borough of Southwark A Up to 40,000 804.25 B 40,001 to 52,000 938.30 C 52,001 to 68,000 1,072.33 D 68,001 to 88,000 1,206.38 E 88,001 to 120,000 1,474.46 F 120,001 to 160,000 1,742.55 G 160,001 to 320,000 2,010.63 H 320,001 and above 2,412.76 Source: http://www.southwark.gov.uk/info/200028/council_tax/186/council_tax_bandings Information correct as at 30 June 2016 (Year 1 April 2016 to 31 March 2017) ESTIMATED SERVICE CHARGE 1 Bed 1,000 1,250 p.a. 2 Bed 1,250 1,500 p.a. GROUND RENT 1 Bed 350 p.a. 2 Bed 375 p.a. STAMP DUTY LAND TAX (SDLT) Lower Limited Upper Limited New Rate of SDLT 0 125,000 3% 125,001 250,000 5% 250,001 925,000 8% 925,001 1,500,000 13% 1,500,001 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 above table assumes the 3% surcharge applies. For those purchasers who do not need to pay the 3% surcharge, the rates will be 3% lower at each banding level. Professional advice should be sought in advance of any proposed purchase as to the amount of Stamp Duty Land Tax payable. Page 6 of 7
PAYMENT TERMS 1. A non-refundable booking deposit of HKD30,000 is payable on reservation / exchange of contracts 2. 10% of the purchase price, less booking deposit paid, payable within 14 days of exchange of contracts 3. The balance of 90% of the purchase price will be payable at legal completion DOCUMENTATION REQUIRED FOR EXCHANGE OF CONTRACT 4. Passport / ID card 5. A current utility bill (not mobile phone) 6. A bank statement showing name and home address 7. Proof of fund Please be advised that the solicitors must see original copies of the above documents CONVEYANCING FEES Property up to 500,000 Property from 500,001 to 1,000,000 1,750 plus VAT and disbursements 1,950 plus VAT and disbursements ASSIGNMENT Contracts to be assignable once VENDOR S SOLICITOR Summers Solicitors LLP 22 Welbeck Street London W1G United Kingdom Mr Tom Flatau Tel: 44 20 7224 2024 Email: tsf@summers solicitors.co.uk RECOMMENDED PURCHASER S SOLICITOR Riseam Sharples Solicitor 2 Tower Street London WC2H United Kingdom Julia Caveller Tel: 44 20 7632 8919 Email: juliac@rs-law.co.uk Page 7 of 7