One Commercial Street stands out as the new landmark address in the heart of London, poised between the financial Square Mile and the culturally diverse City Fringe. The Developer Redrow London Location London E1, close to the City and Aldgate East Local Authority London Borough of Tower Hamlets Tenure 135 year lease, from January 2012 Building Insurance A 10-year NHBC warranty Pricing From 385,000 Parking Limited parking, available by negotiation Anticipated Completion Spring 2014 Net internal floor areas Apartments 353 sq ft to 2,712 sq ft (usable internal area excludes balconies or terraces) Page 1 of 9
LOCAL AREA THE CITY A new development of luxury apartments and penthouses by leading developer Redrow Prime central London location, on the edge of the Square Mile financial heart of the city and close to the fashionable City Fringe area including Brick Lane and Spitalfields Ideal location for anyone working or studying in the City of London Distinctive landmark 21 storey tower with shops and cafés at street level and new hotel adjacent Impressive glass entrance lobby A total of 137 suites, comprised of studios, 1, 2 and 3 bedroom apartments Four 3 bedroom penthouses Highly specified interiors, including custom designed fitted kitchens with Siemens appliances, luxurious bathrooms and enviable living spaces for the Tower apartments on floors 12 to 19 inclusive The City Collection apartments on the 20 th floor benefit from Bulthaup kitchens with Miele appliances, Pozzi Ginori sanitary ware with Hansgrohe brassware and fitted Lema wardrobes Video entry phone system to all properties 24 hour concierge and CCTV monitoring The City of London (the Square Mile ) is the world s most important centre of finance and business Over 1,300 international companies trade on the London Stock exchange More than 500 banks have offices in the City Over 340,000 people work in the City As the City expands, Aldgate is benefiting as a place of employment and is home to many businesses One Commercial Street is within walking distance of key City institutions and places of work including Lloyds, Stock Exchange, Bank of England, St Mary Axe ( The Gherkin ) Tower 42 Fantastic range of high quality restaurants and bars, and luxury brand shopping available in the City, for example One New Change and the Royal Exchange. Shops include Gucci, Cartier, Smythson, Jo Malone, Bulgari and Lulu Guinness World class performing arts at the Barbican Centre and leading White Chapel art gallery, a short walk away The City is home to many historic London attractions such as the Tower of London, St Paul s Cathedral, Monument, Tower Bridge and St Katharine Docks Despite the UK recession central London prime property continues to rise in value Balconies to many apartments with panoramic City views Rental values also continue to rise, reflecting demand and the shortage of quality accommodation close to Future direct investment in the area includes The under construction Crossrail project with a station only minutes away from One Commercial Street Page 2 of 9
LOCAL AREA CITY FRINGE One Commercial Street is a key element of the ongoing regeneration of Aldgate East - a dynamic urban district made up of well-connected distinct and diverse neighbourhoods City Fringe offers a wide range of restaurants, fashionable bars and live music venues, and unique shopping destinations such as Spitalfields Market and St Katharine Docks TRANSPORT LINKS Located in Zone 1 Aldgate East London Underground station opposite building: District Line and Hammersmith & City Line. Excellent connections to West End, Canary Wharf, airports and Eurostar 2 minutes walk to Aldgate London Underground station for Circle and Metropolitan Lines Aldgate is one of the oldest parts of London and was the entrance to the Roman city. Whitechapel s history dates from the 13th century The Whitechapel Bell Foundry, which cast Philadelphia s Liberty Bell and the bell for London s Big Ben, was founded in 1420 in Aldgate, but later moved to nearby Whitechapel Walking distance to Fenchurch Street station Walking distance to Tower Gateway DLR station for links to Canary Wharf, City Airport, Stratford Forthcoming Crossrail connection at Whitechapel station due 2018 Whitechapel Art Gallery is one of London s most respected cultural attractions, founded 1901 and expanded in 2009 DISTANCES FROM ONE COMMERCIAL STREET New Westfield Stratford shopping centre 11 minutes by tube Walking: Bank tube station (The City) Tower of London Liverpool Street station London Metropolitan University The Gherkin (St Mary Axe) Spitalfields Market By tube/dlr Liverpool Street - Covent Garden Tower Gateway - Canary Wharf Aldgate East Kings Cross St Pancras Aldgate East Cannon Street 14 minutes 14 minutes 11 minutes 11 minutes 8 minutes 8 minutes 16 minutes 13 minutes 12 minutes 5 minutes Page 3 of 9
APARTMENT MIX (137 apartments in total) Tower Apartments (floors 12-19) 8 X Studio 64 X 1 Bedroom 48 X 2 Bedroom Floor layout for Tower Apartments (15 apartments per floor) 1 X Studio 8 X 1 Bedroom 6 X 2 Bedroom City Collection (floor 20) 1 X Studio 6 X 1 Bedroom 3 X 2 Bedroom 3 X 3 Bedroom Floor layout for City Collection (13 apartments) 1 X Studio 6 X 1 Bedroom 3 X 2 Bedroom 3 X 3 Bedroom Penthouses 4 X 3 Bedroom Page 4 of 9
LONDON UNIVERSITIES AND COLLEGES One Commercial Street is close to the campuses of many leading London universities and colleges. Distance / Tube London Metropolitan University Goulston St / Minories, London E1 0.6 m / Aldgate Distance / Tube University of the Arts Central St Martins Southampton Row, London WC1 2.1m / Holborn Guildhall School of Music & Drama Barbican, London EC2 1.0m / Moorgate King s College London Strand, London WC2 2.1m / Temple St Bartholomew s Hospital Medical School Smithfield, London EC2 1.3m / St Pauls London School of Economics Houghton Street, London WC2 2.1m / Temple City University St John St, London EC1 1.5m / Barbican University College London Gower Street, London WC1 3.1 m / Euston Square City & Islington College Islington, London N1 1.8m / Angel University of Westminster Regent Street, London W1 4.4m / Oxford Circus South Bank University Borough Road, London SE1 2.0m / Southwark London College of Fashion John Princes St, London W1 4.4m / Oxford Circus Travel times and distances are approximate only. Source www.tfl.gov.uk. Page 5 of 9
COUNCIL TAX Tax Band Market value (April 1991) London Borough of Tower Hamlets (Based on 2 occupants within the Property) A Up to 40,000 794.83 B 40,001 to 52,000 927.30 C 52,001 to 68,000 1,059.77 D 68,001 to 88,000 1,192.24 E 88,001 to 120,000 1,457.18 F 120,001 to 160,000 1,722.12 G 160,001 to 320,000 1,987.07 H 320,001 and above 2,384.48 Information correct as at 6 August 2012 (Year 1 April 2012 to 31 March 2013) ESTIMATED SERVICE CHARGE Estimated to be 3.81 per sq ft GROUND RENT Studio 250 p.a. 1 Bed 300 p.a. 2 Bed 400 p.a. 3 Bed 500 p.a. Penthouse (3 Bed) 600 p.a. Penthouse (4 Bed) 700 p.a. Page 6 of 9
TERMS OF PAYMENT 1. A non-refundable booking deposit of 2,500 is payable upon reservation *the booking deposit will be held by Colliers International until the exchange deposit (payable in accordance with point 2 below) has been received in full by Redrow Homes, at this stage the 2,500 booking deposit be refunded to the Buyer 2. An exchange deposit, being 10% of the Actual Purchase Price (to be paid in pounds sterling), is payable on exchange of Contracts, of which must take place 21 days from the date of reservation. 3. A further 5% of the Actual Purchase Price (to be paid in pounds sterling) is payable 6 months after exchange of Contracts. 4. Balance 85% of the Actual Purchase Price (to be paid in pounds sterling) is payable on Legal Completion, currently estimated in Spring 2014 (depending on apartment). DOCUMENTATION REQUIRED FOR EXCHANGE OF CONTRACT Passport copy / ID card Two current utility bill copies (not mobile phone) and one bank statement copy showing the buyer s name and home address Please be advised that the solicitors must see the original copies of the above. ASSIGNMENT Contracts are assignable only with the express written consent of the Seller and strictly in accordance with the terms of the Contract, such consent will not be unreasonably withheld. Page 7 of 9
VENDOR S SOLICITORS Redrow Group Services Sharon Richardson Redrow House St David s Park Flintshire CH5 3RX Tel: +44(0)1244 520044 Fax: +44(0)1244 520564 RECOMMENDED PURCHASER S SOLICITORS GCL Solicitors LLP Caroline Hartwell Connaught House, Alexandra Terrace Guildford, Surrey GU1 3DA Tel: +44 (0)1483 577091 Fax: +44(0)1483 579252 Web: www.gclsols.com Riseam Sharples Solicitors Clive Sharples 2 Tower Street London WC2H 9NP Tel: +44(0)20 7632 8906 Fax: +44(0)20 7632 8916 Mobile:+44(0)7881 920929 Email: cas@rs-law.co.uk Web: www.riseamsharples.com RECOMMENDED LETTING AGENTS Chase Evans Ian Ruffle Pan Peninsula 1 Millharbour London E14 9XP Tel: +44(0)20 7536 7900 Fax: +44(0)20 7536 7901 Mobile:+44(0)7778 402135 Email: iruffle@chaseevans.co.uk Web: www.chaseevans.co.uk Hong Kong Office Chase Evans Colin Bremner Unit A 20/F, The Galleria 9 Queen s Road Central Hong Kong Tel: +852 6693 4718 Fax: +852 3189 7689 Mobile:+852 6693 4718 Email: cbremner@chaseevans.com.hk RECOMMENDED INTERIOR DESIGN Conscious Image Luke Doonan The Coach House 8 Watsons Yard Hadham Road Bishops Stortford Herts CM23 2WH Tel: +44(0)1279 506156 Fax: +44(0)1279 656434 Mobile:+44(0)7973 800319 Email: luke@consciousimage.com Web: www.consciousimage.com Page 8 of 9
HONG KONG SINGAPORE Rosaline Lam (852) 2822 0630 rosaline.lam@colliers.com Gareth Hart (852) 2822 0670 gareth.hart@colliers.com Judy Lam (852) 2822 0783 judy.c.lam@colliers.com Shirley Lo (852) 2822 0662 shirley.lo@colliers.com Andrea Cassandro (852) 2822 0748 andrea.cassandro@colliers.com Our sales representative to overseas property work exclusively in property outside Hong Kong and are not therefore licensed under the Estate Agent Ordinance to deal with Hong Kong Properties 8/27/12 James Tan (65) 9060 7778 CEA Reg No. : R002957F james.tan@colliers.com Adrian Lim (65) 9690 0666 CEA Reg No. : R002922C adrian.lim@colliers.com Ruben Koh (65) 8201 6522 CEA Reg No. : R002973H ruben.koh@colliers.com Carmen Ching (65) 9225 7500 CEA Reg No. : R002975D carmen.ching@colliers.com Jonathan Lim (65) 9029 0004 CEA Reg No. : R002932J jonathan.lim@colliers.com Jean McKenzie (65) 9821 7830 CEA Reg No. : R002969Z jean.mckenzie@colliers.com Page 9 of 9