lon d on london city island -...

London City Island A P R O P E R T Y G U I D E

• L O N D O N •

L O N D O N C I T Y I S L A N D - A P R O P E R T Y G U I D EL O N D O N C I T Y I S L A N D - A P R O P E R T Y G U I D E

Welcome to London City IslandWith experts in all areas of property management, JOHNS&CO are excited to broaden their reach and offer their specialist service at a brand new island neighbourhood in Docklands, East London.

Inspired by the best metropolitan islands from across the world, London City Island comprises ten striking apartment buildings and offers service and facilities of the highest order.

Set in a meander of the River Lea directly opposite the O2, it’s just a short distance from Europe’s leading financial district - Canary Wharf. With the Jubilee Line and Crossrail on its doorstep and the English National Ballet’s relocation from Kensington to the district, London City Island is already noted as one of London’s new post-Olympic boom towns.


Wealth and opportunity continue to spread across Canary Wharf and East London. With the local workforce set to increase just in Canary Wharf from 110,000 to 200,000 in the next two decades, and a 40-50% property price increase expected between 2015 and 2020, the property investment and buy-to-let opportunities are thriving in E14 and the surrounding districts.

A choice of transport links ensure central London is easily accessible, and Crossrail, which is set to open in 2018 servicing the nearby Canary Wharf station, will provide links to a range of destinations including the City, the West End and Heathrow airport.

An opportune investment START

UNDERGROUND

DLR

BUS

CYCLE

CANNINGTOWN

4 MIN

CANARYWHARF

11 MIN

LONDONBRIDGE

14 MIN

WATERLOO

Transport Links

East London

East London population to grow by 600,000 in the next 15 years*

From 2005 to 2015 property prices jumped by more than 300%*

Canary Wharf has London’s highest salary postcode, averaging £100,000

Canary Wharf workforce of over 110,000 expected to double over the next decade

E14 is home to the world’s most trusted banks

Largest population of bankers in Europe

Serving over 30 international destinations, London City airport is a short distance away

Some 7,000 artists live and work in east London*

Connected via Underground, DLR, River Boat Services and Crossrail (due in 2018)

London

Average house prices to rise above £1million by 2030

London’s housing stock value has risen 61% over the past five years*

300 languages spoken in London

Most visited city in the world for business purposes

London contributes 20% of the UK’s GDP

The largest city GDP in Europe

The most competitive financial centre in the world

Home to 480 overseas banks

Headquarters to more than a fifth of the 500 largest companies in Europe

A population increase of approximately 800,000 in the past decade

Living close to work a priority for 52% of tenants

*theguardian.com * ES Homes& Property

BANK

WESTMINSTER

LEICESTER SQUARE

CANARY WHARF

LONDON CITY AIRPORT

O2 ARENA

1M

2M

3M

4M

5M

6M

7M

20 MIN

BOND ST

START

CANNINGTOWN

6 MIN

LONDONCITY A IRPORT

6 MIN

STRATFORD

15 MIN

BANK

22 MIN

GREENWICH

START

CANNINGTOWN

5 MIN

S ILVERTOWN

10 MIN

LONDONCITY A IRPORT

20 MIN

ALDGATE

30 MIN

STRATFORD

START

CANNINGTOWN

10 MIN

CANARYWHARF

18 MIN

STRATFORD

23 MIN

GREENWICH

30 MIN

SHOREDITCH


JOHNS&CO at London City IslandWith an onsite office at London City Island, JOHNS&CO are an immediate source of support and advice for property owners and tenants. This significant convenience ensures that our agents will be on hand to take buyers or tenants around show flats and manage the following transactions in person. It also means any concerns regarding property maintenance or emergency access will be dealt with directly.

Property Management

Lettings

Resales

Furniture advice

Free and Independent Valuations

Details – Enhanced Services Package

Services on offer


Price Total sq ft Rent Ground Rent Estimated Service Charge Gross Yield

£365,000 468 £330 - £370 £400 £2,176 4.70 - 5.27

£392,500 428 £330 - £370 £400 £1,990 4.37 - 4.90


£430,000 549 £380 - £450 £500 £2,553 4.60 - 5.44

£515,000 564 £400 - £450 £500 £2,623 4.04 - 4.54

Price Total sq ft Rent Ground Rent Estimated Service Charge

£590,000 858 £525 - £675 £750 £3,991 4.63 - 5.95

£730,000 899 £565 - £675 £750 £4,180 4.02 - 4.81


£685,000 923 £650 - £900 £1,000 £4,292 4.93 - 6.83

£775,000 951 £650 - £950 £1,000 £4,424 4.36 - 6.37

Apartment prices

S U I T E S

S

O N E B E D R O O M

1

T W O B E D R O O M S

2

T H R E E B E D R O O M S

3

Prices and details are correct at the time of going to print. E&OE - Subject to availability.


Via our vetted furniture suppliers, JOHNS&CO can advise on a number of furniture packages, which can be tailored to suit the range of apartment sizes at London City Island. Through liaising with top furnishers and interior designers, JOHNS&CO ensures all the service and fitting arrangements are made for you. The tenant survey conducted by Knight Frank in 2015 found that nearly two thirds of Londoners aged 25-34 would prefer a partly or fully furnished property. This proportion is even higher for 18-24 year olds living in London. So as well as seeing an increase in sale and rental value, furnished properties are significantly more attractive to prospective tenants.

Furnishing your property

Proportion of 18 – 24 year olds in London who prefer

a partly or wholly furnished property

75%I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

I I I I I I I I I I I I

I I I I I I I I I I I

I I I I I I I I I I I I I I I I I I I I I I I I I I I I I

Furniture packages starting from

Suites £3,500

1 Bedroom £4,500

2 Bedroom £6,000

3 Bedroom£7,500

incl. VAT incl. VAT incl. VAT incl. VAT


Legislation for buying, selling and renting property is constantly in transition. So it is important to be aware of current and upcoming changes that may affect your investment. We want to highlight these upcoming changes to ensure that you get the most out of your investment and aren’t presented with any unexpected costs.

Current & upcoming property legislation

Buying

When buying a residential property with a purchase price of £125,000 or more then the purchase is subject to Stamp Duty Land Tax (SDLT). You pay SDLT on increasing portions of the property price.

Property or lease premium or transfer value

SDLT rate

Up to £125,000 Zero

The next £125,000 (the portion from £125,001 to £250,000)

2%

The next £675,000 (the portion from £250,001 to £925,000)

5%

The next £575,000 (the portion from £925,001 to £1.5 million)

10%

The remaining amount (the portion above £1.5 million)

12%

From 1 April 2016, higher rates of SDLT will be charged on purchases of additional residential properties (above £40,000) such as buy-to-let properties and second homes. The higher rates will be 3% above the current SDLT rates. SDLT can be charged at 15% on residential properties costing more than £500,000 bought by certain corporate bodies. Properties bought in this way would need to be discussed in further detail.

Selling

When selling a property your sale may be subject to Capital Gains Tax. Since April 2015 this tax has been relevant to non-UK residents selling a UK residential property as well as UK residents. The tax relates to the profit made from the property. For example, if you bought a property for £100,000 and sold it for £175,000 you would be taxed on the £75,000 profit.

You can deduct costs of buying, selling or improving your property from your gain. These include:

Estate agents and solicitors fees Costs of improvement works

(not including normal maintenance works) There may be further tax reliefs you can avail of having consulted specialist advice. It is worth noting that you are exempt from Capital Gains Tax if the property is nominated as your main residence. This would require you to spend at least 90 midnights in the property during the relevant tax year.

Letting

Significant changes in legislation for buy-to-let landlords are being implemented between 2016 an 2017. From April 2016, landlords will no longer be able to claim the 10% of the rent that they could previously claim for property wear-and-tear. Landlords will receive compensation according to the costs they actually incur rather than a standard 10% deduction.

Tax reliefs for landlords are also set to change from April 2017. Landlords will no longer be able to claim tax reliefs worth 40% or 45% of the interest payment on buy-to-let mortgages. As of April 2017, the maximum tax relief will be 20%.

The above information is for guidance only and must not be relied

upon as tax advice per se which should, of course, be sought from

your solicitor and/or specialist tax advisor.


The journey with JOHNS&CO

Buying Selling Letting

Viewing the Property Operating from an onsite office at London City Island, agents will be on hand to take you around the apartments, introduce the facilities on offer and answer any questions you may have.

Valuation Homeowners are provided with a free, no-obligation valuation. Should you wish to proceed with the sale, agents will plan the process according to your preferred time frame.

Deciding to Let As well as offering a free rental valuation, JOHNS&CO provide advice on legalities and insurance, draw up tenancy agreement drafts and conduct the marketing for the property.

1 1 1

2 2 2

3 3 3

Whether you’re buying, selling or letting a property at London City Island, JOHNS&CO will be there to guide you through every stage of the process. From conducting the initial market research to providing ongoing assistance after the transaction has been completed, our experts ensure that you receive all the support and advice you need.

Finding a Buyer From conducting the property marketing to drawing on their database of prospective buyers, JOHNS&CO has a dedicated team with a range of resources to ensure your sale is efficient and straightforward.

Completion and Handover Agents will liaise with the buyer to tailor the sale to your personal requirements. Support will be provided throughout the move out process and after the transaction has been completed.

Deciding to Buy From providing advice on the mortgage process to offering legal support and assistance, JOHNS&CO ensure you have all the assets you need to make an informed decision.

Move in and Ongoing Support As well as assisting with move in logistics, JOHNS&CO offer front desk support and a 24-hour emergency response service at London City Island.

Managing the Process From carrying out viewings and referencing prospective tenants to managing deposits and reporting on proceedings, agents ensure the letting process is expertly managed at every stage.

Ongoing Property Management With a front desk service at London City Island, onsite agents deal with everything from rent collection and maintenance to the renegotiation of expired agreements.

JOHNS&CO

LONDON CITY ISLAND

SALES, LETTINGS & MANAGEMENT

CHLOÉ BATTESON

Client Relationship Manager

T +44 (0) 20 7481 0600

E [email protected]

DUNCAN PEACOCK

Client Relationship Manager - Asia

T +65 8591 9960

E [email protected]

Prices and details are correct at the time of going to print. E&OE Subject to availability.

lon d on london city island -...

Documents