An OVERVIEW Developer:

Transcription

1 An OVERVIEW Developer: Address: Local Authority: Java Asset Management An established private UK property company involved with and experienced in residential property development. Brook House, 1A Cricket Green, Mitcham CR4 4LB. London Borough of Merton. 1 P a g e

2 The LOCATION Some families stop off here on a journey which eventually takes them to the country. Others stay to enjoy the strong community spirit. The main commercial centres in Merton are Mitcham, Morden and Wimbledon. Mitcham is a district in south-west London centred 7.2 miles (11.6 km) south-west of Charing Cross. Mitcham is a suburban area and was historically in the county of Surrey. It is both residentially and financially developed and served by train, bus and tram routes. Brook House has an enviable position located in the CR4 Post Code in the much sought after location of Mitcham, an established residential neighbourhood just 9-miles from the centre of London. The attractive Mitcham Cricket Green borders the development and both are located within the coveted Mitcham Conservation Area. The Mitcham Cricket Green is said to be the oldest continual used cricket green in London (est. 1685). The Mitcham State Fair is one of the oldest in England. Brook House is only a 3-minute walk away from Canons Leisure Centre and 6-minute walk from Mitcham Common giving quick and easy access to 460 acres of public green open space and a golf course. Mitcham Eastfields Station (Zone 3) on the Southern and Thameslink Lines is within easy cycling and walking distance being just 5 and 15 minutes respectively. 6 of the 10 most expensive neighbourhoods in Britain are in the South-West of London and neighbouring Wimbledon and Colliers Wood are already becoming very expensive. Mitcham is benefiting from this ripple effect due to it currently being more affordable and recognised as better value for money. In 2014, Mitcham featured in a Zoopla Report as one of the 20 top performing boroughs in the UK. Previously a well-kept secret, the London Borough of Merton is not as well- known as neighbouring areas of Wimbledon, Fulham, Hammersmith, Lambeth and Wandsworth which has allowed for a low-key way of life whilst still being close to central London. Rediscover Mitcham is a multi-million pound project over 3-years adding appeal and value to the town centre comprising a number of public realm and transport proposals aimed at revitalising the Fair Green and surrounding streets. 2 P a g e

3 The DEVELOPMENT The redevelopment and conversion of a former commercial property to create 46 newly constructed private residential apartments arranged over Ground, First and Second floors. 46 private individual car parking spaces laidout within the grounds of the development. No affordable housing. Accommodation summary: Passenger lift serving all floors. Secure audio-video entry system to each apartment. A modern design low rise building. Located within a Conservation Area on Cricket Green facing onto the Cricket Green. G/F 1/F 2/F Total 1-bedroom Apartment bedroom Apartment TOTAL P a g e

4 Anticipated Completion: Desirable by Design WCEC Architects Building Warranty/Guarantee: Tenure: January/February 2016 subject to Notice. A 15-working day notice will be given once practical completion is achieved after which legal completion of all sales and purchases will be required, in accordance with the Contract. WCEC Group is a leading national design group providing outstanding professional services to the Property and Construction sectors in the UK. Operating for over 40-years, they employ over 130 talented architects, technical and support staff to deliver a broad range of services and sector specialisms. They are equally passionate about both Design and Implementation delivering quality buildings and environments. National House Building Council ( NHBC ) 10-year. NHBC is the UK's leading independent standardsetting body and provider of warranty and insurance for new homes working with the house-building industry to raise the standards of new homes and to provide consumer protection for homebuyers. Leasehold. A long new Lease is being granted to the benefit of Buyers with a term of 999-years. Ground Rent: Service Charge: 400 p.a per sq.ft. first year s estimate. 4 P a g e

5 Ease of TRAVEL Mitcham Eastfields Station ( ME ) is but a 5- minute bicycle ride from Brook House or an easy 15-minute walk. ME is in Zone 3. 5 P a g e The current annual Zone 3 Travel Card costs 1,508 ( ). Quick and convenient travel from ME to London s City Thameslink ( LCT ), at the heart of the financial district, and to London Victoria ( LV ), the capital s second busiest terminus. Travel into the heart of The City of London from as little as 24-minutes via Thameslink. Average of 48 trains daily of which 31 are direct non-stopping services from ME to LCT. First train to LCT weekdays is 05:49 and the last train is 23:46. LCT to ME first train weekdays is 05:11 and last train is 23:03. Alternatively, travel to LV from just 17-minutes from ME. Average of 61 trains daily of which 45 are direct non-stopping services from ME to LV. First train to LV weekdays is 06:20 and the last train is 23:46. First train from LV to ME weekdays is 05:52 and the last train is 23:54.

6 LONDON UNIVERSITIES and COLLEGES St. George s University 2.8 miles 12-minutes 13-minutes University of Roehampton 7.8miles 27-minutes 40-minutes Kingston University 7.7 miles 27-minutes Imperial College 9 miles 37-minutes Source: Google. NB. Travel times and distances are approximate. South Bank University 8.8 miles 36-minutes 45-minutes King s College London 9.2 miles 53-minutes 43-minutes London School of Economics 9.4 miles 59-minutes 43-minutes Richmond University 9.8 miles 36-minutes 6 P a g e

7 COUNCIL TAX Tax Band Market value (April 1991) London Borough of Merton (Based on 2 occupants within the Property) A Up to 40, 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 2, Source: LEGAL Cripps Harries Hall Solicitors are the law firm recommended to act for Purchasers at Brook House. Contact Cripps Harries Hall Wallside House 12 Mount Ephraim Road Tunbridge Wells Kent TN1 1EE United Kingdom Fees Acting: Web: Telephone: Facsimile: Britdoc Exchange: 999 plus VAT in respect of their professional services. Steve Ellis. Steve.Ellis@crippslaw.com (0) (0) DX 3954 Tunbridge Wells The solicitors will provide a full estimate of all purchase and legal costs, including disbursement charges, associated with the property purchase at Brook House upon their appointment to act. Assignment Contracts may be assigned and assigned once only. 7 P a g e

8 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 Grosvenor International Holdings Limited nor any of its employees or agents has authority to make or give any representation of warranty whatsoever in relation to the property. Telephone: Facsimile: Web: P a g e