INFORMATION PACK - Holborn Property
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OVERVIEW The Developer Price Range Titan Property Developments www.titan-property.co.uk Studios £230,000 - £280,000 1 Beds £287,750 - £299,995 2 Beds £392,500 - £495,000 The Development 3 Beds £550,000 Dolphin Bridge House is a riverside building located on the banks of the historic Grand union Canal. Uxbridge is a well established, affluent and desirable commuter town in West London on the Estimated Rental Range Metropolitan and Piccadilly tube lines. Previously used as offices, the building will be converted to 41 high specification apartments (4 x studios, 29 x 1 beds, 7 x 2 beds and 1 x 3 bed apartment) over Studios £225 - £250 p/w ground and three upper floors with the top floor apartments 1 Beds £275 p/w benefitting from private roof terraces with far reaching views 2 Beds £325 - £350 p/w across Uxbridge. 3 Beds £400 p/w Address Dolphin Bridge House, Rockingham Road, Uxbridge, UB8 2XL Number of Units 41
Completion Date Previous Office Occupier November 2019 Interserve, a multinational FTSE listed construction company Assignability Local Authority Contracts are assignable London Borough of Hillingdon Planning Permission Ref Tenure 35248/APP/2017/3013 999 year leasehold Contractor Building Warranty Cosmur Construction (London) – www.cosmur.co.uk 10 Year CML approved warranty provided by Buildzone Architect Car Parking Orbit Architects – www.orbitarchitects.com 1 secure gated space per apartment Heating Ground Rent Wall mounted electric panel heaters Studios £250 p.a 1 Beds £275 p.a Floor to ceiling heights 2 Beds £300 p.a 2.4 metres 3 Beds £325 p.a Lifts Ground rent reviewed every 10 years to RPI Passenger lift serving all floors Deposit Protection Security All deposits to be held as stakeholder Full colour video entryphone Service Charge Estimated at £3.75 psf p.a Council Tax Band A £938.10 Type of construction Band B £1,094.46 Brick built with flat roof. Flat roof to be renewed under the conversion works and benefit from the 10 year warranty Band C £1,250.81 Band D £1,407,16 2018/19 rates
UXBRIDGE Uxbridge is an affluent, modern market town and commuter hub in West London within the M25 with a population of approximately 25,000. It is a significant commercial centre with many major employers, a thriving town centre and numerous sporting, leisure and cultural amenities. The area is seeing substantial large-scale investment and regeneration with a number of new developments creating thousands of new homes and putting the focus on Uxbridge as a popular investment destination. Other investment drivers include Brunel University London, the proximity to Heathrow Airport and easily accessible transport links into Central London via both tube and the upcoming Crossrail.
KEY INVESTMENT POINTS Property prices Local economy and employment • Historical price growth – 13% price growth in Uxbridge • Major employers – Including Apple, Cadbury, Coca-Cola, PWC, between 2015-2018 and 61% growth across the borough of Hertz and Mitsubishi Hillingdon over the past 5 years, outperforming the London and • Low unemployment – 6% compared to 6.6% across London nationwide UK market.. • Affluent area – Average household income of over £50k which is • Capital growth potential – Property prices in Hillingdon are 69% higher than the UK average amongst the fastest growing in London with new apartments especially in demand, further growth of 21% is predicted over • Brunel University – 13,000 students and 2,500 staff the next 5 years. • Heathrow Airport – 76,000 staff and expansion approved by • Rental growth – Rents have increased by 14% over the past 5 Government with work on new third runway scheduled to begin years and are forecast to increase by a further 18% over the in 2021 which will create an extra 40,000 local jobs next 5 years driven by demand from young professionals and a growing population. Lifestyle and amenities • Open space – Green and leafy area with the development Transport links situated on the edges of 40 sq/m Colne Valley Regional Park • Tube – Station within a 10 minute walk with travel times of under • Education – Five primary and one secondary school including 40 minutes to Central London. two rated ‘Outstanding’ by Ofsted, one of which is a few • Crossrail – New Crossrail line 3 miles away at West Drayton minutes walk from Dolphin Bridge House station due to open in December 2019 will offer significantly • Shopping and retail – Two major shopping malls in the town quicker journey times to central London stations such as Bond centre with most of the major shops and brands having a Street (24 mins), Liverpool Street (31 mins) and Canary Wharf presence in the town (38 mins). • Sport and leisure – A major leisure centre, numerous parks, • Accessible motorway network – M25, M4 and M40 all between sports clubs and golf clubs 5-20 minutes drive.
TRANSPORT ER D N ST G E U Y Y ER D G RO K LE IN E D N A HL S R I B TM EE R O BR D RO G ’ FO PA E M E E RO N C ST S N T T K R ES IN SS X U EE D X O A BA EU W D U C FI O R W K U B N R R IR SQ ST ST U C C 25 32 36 42 43 45 45 46 Dolphin Bridge House is well served for tube, train, road and air Tube times from Uxbridge station (10 mins walk) connections. Uxbridge tube station in London travel Zone 6 is located in the town centre, within a 10 minute walk of Dolphin Wembley Park 25 minutes Bridge House. Served by the Metropolitan and Piccadilly lines, Finchley Road 32 minutes journey times to Zone 1 are under 40 minutes. An annual travelcard Baker Street 36 minutes to Zone 1 costs £2,492 Bond Street 42 minutes Further connections can be found at West Drayton which is just Kings Cross St Pancras 45 minutes over a 10 minute drive away and will be linked to the new Crossrail Oxford Circus 45 minutes line opening in December 2019. As well as quick journey times Westminster 46 minutes across Central London, the City and Canary Wharf there are also Liverpool Street 53 minutes National Rail connections to major regional employment centres such as Reading and Oxford. *Source tfl.gov.uk Heathrow airport is the major airport hub for London and is a 15 min drive from Dolphin Bridge House. Heathrow is the Train times from West Drayton crossrail station (11 mins busiest airport in the UK and the second biggest in the world for drive / 20 min bus) international flights with over 80 airlines flying to 185 destinations in 84 countries. Heathrow Airport 8 minutes FPaddington 20 minutes Bond Street 24 minutes Tottenham Court Road 25 minutes Liverpool Street 31 minutes Canary Wharf 38 minutes Reading 32 minutes Oxford 1 hour *Source www.crossrail.co.uk and www.nationalrail.co.uk Driving times M40 5 minutes M25 7 minutes M4 16 minutes Heathrow Airport 19 minutes
SHOPS AND RESTAURANTS Uxbridge town centre is a 10 minute walk from Dolphin Bridge The two main supermarkets are Tescos (12 min walk) and House, as well as a historic pedestrianised high street there are Sainsburys (15 min walk) and there is a 9 screen Odeon cinema in two shopping centres, Intu and The Pavilions. Having undergone the town centre. significant redevelopment including a £2m investment from the Major of London’s London Regeneration Fund most of the major There are plenty of dining choices within a short walk of Dolphin high street brands have a presence in Uxbridge including the Bridge House including canalside eateries The Dolphin, The General following Elliot and the Pipemakers Arms. In the town centre are a further wide array of restaurants including Debenhams River Island Curry Culture Marks & Spencer The Fig Tree TK Maxx Tai Pan Oriental Buffet Waterstones Ask Italian Next Prezzo New Look Five Guys Oasis The Slug & Lettuce Coast The Metropolitan Argos Nandos Pandora Pizza Express Boots Zizzis
LEISURE & FACILITIES For fitness aficionados Uxbridge offers plenty of local sporting Uxbridge is situated on the edges of the Colne Valley Regional Park facilities. Hillingdon Sports and Leisure club is just on the other side which covers over 40 sq miles and within the town itself areas of of the town centre less than a 6 minute drive and contains indoor open green space are abundant. Fassnidge Park and Rockingham and outdoor Olympic sized swimming pools, an athletic track and recreation ground are just across the canal, both less than 1/3 mile large sporting complex. from Dolphin Bridge House. Stockley Park and Hillingdon golf clubs are close by and the town is Dolphin Bridge House sits on the Grand Union canal, a historic home to non-league football team Uxbridge FC as well as Uxbridge waterway stretching for 137 miles linking London to Birmingham Cricket Club who are a member of the Middlesex County Cricket and which offers fishing, boating and river walks on the doorstep. League.
In Good Company LOCAL ECONOMY & MAJOR EMPLOYERS Uxbridge is an affluent town with many prominent national and Heathrow Airport is a major employer in the area supporting over international companies having offices there attracted by the close 76,000 employees and creating almost £3.3bn of GVA (Gross Value proximity to Central London. Added) for the local economy. Companies with headquarters or offices in Uxbridge include the The UK government approved a third runway in 2016 and following Parliament voted in favour of the expansion in June 2018. Work is scheduled to commence in 2021 on what will be one of Europe’s Apple PWC largest infrastructure projects. Due to open in 2026 the expansion Coca cola Netapp of Heathrow Airport will create 180,000 new jobs, 40,000 of these in the local area and upto £187bn of economic growth across Hertz Herbalife the country. Uxbridge is poised to benefit substantially from the Amgen Manpower investment and additional employment created by the new runway. Bristol-Myers Squibb Mitsubishi IBM Cadbury Another main contributor to the local economy is Brunel University, Fujitsu Monster Energy not only through the direct employment of its 2,500 staff but also GSK General Mills by producing a talented pool of graduates. The university produces Cisco Systems IBB Solicitors £212m of GVA for the Borough of Hillingdon annually. Xerox The average household income of Uxbridge North is £50,820 which compares with a UK average of £39,430. A high proportion of employees have professional, managerial or highly skilled jobs.
SPECIFICATION INTERIOR DESIGNED KITCHENS SECURITY Gloss white handle-less cabinetry Main entry doors, digital access control with integral fob reader, Glass splashbacks code access and LED screen Solid stone worktops Video access screens in apartment hallways Stainless steel integral 1.5 bowl sink Mains operated smoke alarm Swan-neck monoblock tap in brushed stainless steel Mains operated carbon monoxide alarm Zanussi Electric single oven, fan assisted Lockable letterboxes Zanussi Integrated hood Bike store Zanussi 4 zone black induction hob LED strip lighting under wall units HEATING Integrated 50/50 fridge freezer Wall mounted electric panel heaters Integrated washer-dryer Integrated slimline dishwasher FLOORING Engineered oak wood flooring to hallway, kitchen/lounge/dining area BATHROOMS & ENSUITE 80% wool carpets in bedroom White tiles to wet areas White handwash basin with mixer tap LIGHTING Dual flush soft close WC with chrome flush plate Recessed LED spotlights Wall mounted chrome toilet roll holder Brushed steel dimmer switches in bedrooms Granite effect vanity worktop Shower set with rose head and hand shower in chrome Mirror with recess LED lighting Chrome towel rail Vinyl tiled stone effect floor tiles GENERAL Brushed stainless steel sockets and switches Oak thresholds White paint throughout Bespoke fitted wardrobes in bedrooms on request at additional cost
LETTINGS & MANAGEMENT Recommended Letting Agent Life Residential - www.liferesidential.co.uk UK Contact Alisha Campbell, Business Development Manager Tel: +44 (0)7725 246 201 alisha.campbell@liferesidential.co.uk Asia Contact Jose Ferreira-Jorge, Business Development Manager Tel: +852 5978 4168 jose.ferreira-jorge@liferesidential.co.uk Managing Agent Countrywide - www.countrywide.co.uk Tel: +44 (0)1908 465 250 FURNITURE Recommended Furniture Supplier Andrew James Interiors - http://andrewjamesuk.com Andrew Smith, Director Tel: +44 (0)7974 137 997 Email: andrew@andrewjamesuk.com The standard furniture packages are priced as follows Studios £3,500 + VAT 1 Bedroom Apartments £4,000 + VAT 2 Bedroom Apartments £5,000 + VAT 3 Bedroom Apartments £6,000 + VAT Full inventory included within the furnishings brochure. Bespoke furniture packages are available
SOLICITORS Vendors Solicitor Recommended Purchasers Solicitors Paul Beanlands, Partner Doug Fordham, Partner Michelmores LLP Gateley Plc 12th Floor 3000 Cathedral Square 6 New Street Square Guildford London Surrey EC4A 3BF GU2 7YL Tel: +44 (0)207 659 4659 Tel: +44 (0)1483 230 148 Email: paul.beanlands@michelmores.com Email: doug.fordham@gateleyplc.com The legal fees charged by Gateley are £1,800 + VAT and disbursements Stamp Duty Land Tax (SDLT) will be payable on all purchases. The current rates and brackets which will be applicable to Dolphin Bridge House are as follows Brackets Standard Rate Buy-to-Let / 2nd Home Rate £125,001 - £250,000 2% 5% £250,001 - £925,000 5% 8% PAYMENT TERMS 1). A non-refundable reservation fee of £2,000 is payable on Bank details for payment of the reservation fee are as follows reservation 2). 20% of the purchase price (less £2,000 reservation fee) payable Bank Name Metro Bank on exchange of contracts, within 21 days of reservation 3). The balance of 80% of the purchase price payable on legal Bank Address One Southampton Row, London, completion WC1B 5HA Account Name PM Dolphin (Uxbridge) Limited Account Number 25230701 Sort Code 23-05-80 IBAN / SWIFT GB27MYMB23058025230701 / MYMBGB2L
WEB LINKS – GENERAL UXBRIDGE AND PROPERTY PRICE ARTICLES On the up:seven London postcodes where prices haven't peaked yet, from Dartford Click here to Camberwell House prices in Hillingdon are the fastest Click here growing in London What you need to know about the Click here London housing market: West London Brunel brings in millions as jobs multiply Click here The university towns where house prices Click here have risen an average 22pc in three years What will Heathrow Expansion mean for Click here West Drayton Property Prices? Homeowners in the North East of England see house price rises outpace Click here the rest of the country, with values increasing £1k a month Why invest in buy to let property in Click here Uxbridge? Demographics Click here
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