The London Collection

By The Folks @PropTalk - September 11, 2014 No Comments

The wife and I were invited to a cocktail reception earlier in the week organized by Savills to showcase The London Collection - a portfolio of three luxury residential properties developed by Ronson Capital Partners. 

The London Collectionconsists of the following projects:

1.   Riverwalk
Located on the North Bank of the Thames in Westminster, Riverwalkoffers spectacular views over the river and London. This 999-year leasehold project consists of 113 apartments spread across two organically shaped buildings that have been designed to echo the curvature of the river. Riverwalk offers units of one- to four-bedroom as well as penthouses. It is scheduled to TOP in autumn of 2015.

Asking price for a 681sqft, one-bedder is GBP1.40 million (GPB2,056psf) while a 934sqft, two-bedder goes for GBP1.82 million (GBP1,948psf).

2.   Chiltern Place
Located at Chiltern Street, which is often doubted "the coolest street in London" as it combines the historic beauty of Londonwith the best of contemporary retail and culture, Chiltern Place is a 16-storey luxury private residential tower consisting of 55 apartments. The 999-year leasehold project is scheduled to TOP in Q3 of 2017 and offers units of one- to 4-bedroom and penthouses. 

We do not have the asking price for the one-bedder (either all 8 of them are totally sold out or yet to be released) but the smallest 2-bedder of 1,137sqft on offer costs GBP3,600,000 (GBP3,166psf)!

3.  The Heron
Completed in 2013, The Heron is the tallest apartment tower to be built in London Citysince 1976. Centrally located at the Square Mile, the 36-storey tower offers a panoramic view of the Londonskyline. The 190-year leasehold project consists of 285 units offering 2- and 3-bedroom apartments as well as penthouses.  

The showcase for the evening only featured the "Penthouse Collection"- these are the bigger units located on the 31st - 35th floor of the building. Each apartment is over 2,000sqft and costs between GBP3.75 - 4.95 million. The 2 penthouses are 4,343sqft (3-bedder) and 6,775sqft (4-bedder) respectively with prices only available "on application". 

Out of the 13 apartments within the "Penthouse Collection", 8 of them have already been sold. And if it's any consolation, the price will include 1 parking space within the building.

The event was another "education opportunity" for the wife and I:   Other than reaffirming the fact that we will not be able to afford anything within London Cityitself (not in this lifetime anyway), it also reinforces the notion that location is paramount when comes to determining the value of a property. 

And speaking of location, the view at the rooftop bar of The Fulleration Bay Hotel (where the reception was held) was actually quite spectacular, despite this being a rather short building.

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