City Wharf

London N1

An urban collection of stylish canal side apartments carefully crafted both inside and out. With striking
architecture paying homage to the timber industries that once thrived here, every detail has been carefully
finessed, considered and meticulously designed.
Developer
Fabrica

Tenure
TBC

Building Insurance
10 year new home warranty

Location
Wharf Road London N1

Anticipated Completion
Q1 2016

Bicycle Parking
Bicycle storage Provided

Local Authority
London Borough of Islington

www.redcubeproperty.com

Car Parking
Available to purchase

For further information

please call 020

8445 6542

N1 Angel
Perfectly located in Londons most creative and engaging district where culture, the arts, and creativity fuse together to bring you the
home of Tech City where hip Shoreditch hotspots border Islingtons fashionable bustling streets, brimming with restaurants, theatres,
cinemas and many of the capitals finest night time venues.
Nestled alongside the tranquil canal of the Wenlock Basin, where once a long time haven for Londons craftsmen and artisan traders, the
area today is a beautiful blend of charming nineteenth century terraces and cultural delights, where the buzz of new blends perfectly
within a timeless London setting.
With the gleaming skyscrapers in the City just a stones throw away, this area of London continues to attract some of the worlds most
innovative, creative and progressive occupiers.

TRANSPORT CONNECTIONS
City Wharf is ideally placed within easy walking distance of Londons financial heart and business district. Numerous transport links in
every direction extend to further parts of London, major airports and stations and Old Street tube station provides
access to London Liverpool Street in seven minutes.

LOCAL AREA INVESTMENT FOCUS

To the south-west Clerkenwell, its warehouses and industrial
buildings freshly populated with entrepreneurial new media
businesses
To the east are Shoreditch and Hoxton, whose artistic and
fashion-centric residents have established a vibrant culture
The City, Londons smart Square Mile and financial district, is
just south-east of Wharf Road.
To the south at Old Street is Silicon Roundabout, the centre of
Tech City, Londons burgeoning technology and media hub.
The City Road is being transformed into an unlikely starchitect
canyon with four of the worlds top names, including Lord
Foster and Sir Terry Farrell, designing towers there.
About 1 billion of investment will create a mini-Manhattan
of towers in a new quarter around the City Road Basin on the
Regents Canal.
The first tower to offer flats for sale off-plan was the Canaletto
building at 257City Road. Richard Collins, a consultant to
developers Orion and former trustee of the Landmark Trust,
said: In a very small area you will have this cluster of buildings
all from world-class architects and that has simply never
happened before in London. We havent ever seen a road in
London transformed so quickly as City Road is now.

At 261 City Road, work is being carried out on 36-storey tower

The Lexicon, designed by US firm Skidmore, Owings & Merrill,
which designed the Burj Khalifa in Dubai, the worlds tallest
building, and the Nato headquarters in Brussels.
Closer to the Old Street roundabout at 161 City Road is the art
deco-inspired Eagle residential tower designed by Sir Terrys
practice.

TRANSPORT LINKS
Located just off City Road, on the borders of Islington
and Hackney, City Wharf is within a ten minute walk of two
Underground stations, Angel and Old Street and an overground
station, Shoreditch High Street. A little over a mile away, the
spectacularly regenerated St. Pancras and Kings Cross stations,
offer gateways to Europe and the north of England. Nearby
Farringdon station will also form a key part of Londons highspeed Crossrail network from 2018.
Angel (Northern Line)

10 mins Walk

Old Street (Northern Line and Mainline)

10 mins Walk

Kingscross and St Pancreas International

27 mins Walk

Across the road from the City Road is the site for Berkeleys City
Forum complex at 250 City Road. It includes two towers and
was designed by Foster + Partners, whose work includes the
Gherkin, the Great Court at the British Museum and Wembley
stadium with one bedroom apartments currently marketed at
850,000.

www.redcubeproperty.com

For further information

please call 020

8445 6542

(CGI of apartments)

FABRICA by A2DOMINION
FABRICA is part of an award-winning property business, building thoughtfully designed homes in carefully considered locations. From
luxury developments to perfectly formed starter homes, every FABRICA development reflects their dedication to high-quality, sustainable
living and exceptional customer service.
Because they manage and maintain the developments they build, their commitment to customers continues long after the final brick is
laid. Their developments are built to last and their property management team constantly strives to provide excellent service to our
residents. Backed by one of the UKs largest developers, the A2Dominion Group, they manage and maintain the properties they develop
and their commitment to customers continues long after the final brick is laid. Their developments are built to last and they constantly
strive to provide excellent service to all our customers.

THE APARTMENTS

Accommodation includes 1, 2 and 3 bedroom

apartments.

Apartments range from 387 sq. ft. to 1592 sq. ft.

Majority of apartments have balconies

Apartments feature open-plan kitchens, composite

stone surfaces, bespoke handless matt lacquer
kitchens.

Siemens appliances including, under counter oven,

touch control electric ceramic hob, integrated
extractor hood and wall cupboard mounted
combination microwave.

Fully integrated fridge/freezer and or intergrated or

free standing washer/dryer

Engineered timber flooring to hallway, living room

and kitchen. Lusso silk effect carpet to bedrooms

Bedrooms to come with full height built in

wardrobes with soft closing doors.

www.redcubeproperty.com

Bathrooms come with full height ceramic floor and

wall tile, semi recessed Villeroy & Boch washbasin,
built in Villeroy & Boch Bath with overhead shower
and integrated hand shower. Wall mounted Villeroy
& Boch WC

Full colour display video entry system to all

apartments

Sky+HD and IRS available to all apartments

Combined heat and power from centralised system,

Underfloor heating and hotwater system serves all
apartments

On-site CCTV and 24 hour on-site concierge and

security service

Resident roof terraces to each block

Landscaped communal courtyard gardens

Cycle storage with secure access

Allocated car
negotiation.

parking

available

by

separate

For further information

please call 020

8445 6542

CITY WHARF AVAILABILITY

One Bedroom Apartments starting from TBC
Two Bedroom Apartments starting from TBC
Three Bedroom Apartments Starting from TBC
Car Park can be purchased by separate negotiation (Price TBC)

SALES COMPARIBLE

RENTAL ESTIMATES

Closest New Build Sites to City Wharf (number 6 on Map)

1 Bedrooms

450 - 550pw

Christa Rodrigues Red Cube Lettings Manager Comments

Given the location being in such a prime

and central location there will always be
a high demand for professional tenants
looking to rent in the area.
There is also a market in the area for
serviced apartments and we have had
good interest from companies that we
currently deal who may be interested to take apartments on
here for 3-5 year tenancies but this would require the
apartments to be professionally furnished.
1 250 City Road
1 bedroom

835,000 - 1,055,000

2 The Eagle
1 bedroom

700,000 - 910,000

3 Canaletto
1 bedroom

750,000 - 890,000

4 Lexicon
1 bedroom

560,000- 795,000

5 Clerkenwell Quarter
1 bedroom

649,000 780,000

Source: Red Cube best price guide based on new build properties advertised on the
market within 1/2 miles from postcode N1 7RL 02/12/14 03/03/15 (Best price
guide available on request)

www.redcubeproperty.com

For normal renting similar apartments in new build

developments close by are going on average anywhere
between 450-550pw. The difference in rentals achieved will
vary due to size and aspect with canal facing and larger
apartments demanding a slightly higher premium.

Source: Red Cube best price guide based on similar types of properties advertised on
the market 1/4 a mile from postcode N1 7RL 02/12/14 03/03/15 (Best price guide
available on request)

CAPITAL GROWTH
Prices in the postcode area N1 have seen a price growth of
9.36% over the last year
Source: Data on sold house prices, such as the results above (correct 02/03/2015) for
Fore Street London N1, is supplied through Zoopla via monthly updates from the
Land Registry for England and Wales

For further information

please call 020

8445 6542

DIRECTOR SUMMARY
City Wharf is located in an area that sells itself and presents a rare opportunity for clients to be the first to get into
prime located scheme in London before official launch.
The area itself has already seen huge amounts of investment with many off plan schemes being sold and currently
being completed, 3 of which are all within a few minutes walk of City Wharf and this is where clients will benefit.
Pound per square foot these apartments are going to be sold significantly less than the other sites that have sold or
are currently selling close by. This makes it an excellent investment opportunity for the early purchasers to get and
capitalise on.
To get a deal on any London off plan development is difficult I have seen it time and time again, come launch day the best apartments in a
scheme always go at asking price and these buyers are the ones that capitalise most on the property in terms of better growth by choosing
the more desirable units. I have also seen with schemes in London if the launch day is a success prices are quickly increased by developers
and they only insist on apartments to be sold at asking price.
With City Wharf there are a couple of key points you should know about the scheme and why its going to be a great investment which
units here to look out for and why is going to be a sell out at launch.
Firstly the area the development is being built in, there are a number of other new build schemes but the availability for one beds is very
limited leading to a massive demand. Most on the new schemes being built here have sold out of one bedroom apartments and the
majority that you do see advertised on the market are assignments of contracts of purchasers who were the first to buy off plan and are
selling their contracts on. The issue with these assignment properties is that the majority of the time, purchaser of these apartments will
need to purchase with cash as mortgage finance will be very difficult to obtain. This high demand for one bedroom apartments in
particular, will mean that the one bedroom apartments at City Wharf will be the first ones to go.
Secondly looking at other new build comparable in the area, we know that prices at City Wharf will be starting at around 500,000 for a 1
bedroom apartment. The Berkeley Homes site 250 City road which is probably only 100m away from City Wharf their cheapest one bed on
the market their starts at 850,000. Berkeley Homes do build a very good product, but comparing apartment specifications from both
developments I consider them both to be at the very high end with the difference only really being the price youre going to pay.
Considering youre going to be picking City Wharf apartments cheaper as an investment this would be the obvious choice for apartments
to go for.
Thirdly clients are getting in early before the official launch, this gives clients the first opportunity to get to choose the best apartments.
Our sourcing team have identified the best units to go for in terms of yields and capital growth and these units alone would be worth the
asking price as we anticipate these will be the units that sell first on the day of launch. Getting in this early also enables us to put offers for
discounts forward which maybe except on units that would normally go for asking, increasing the capital growth potential from day one.
City Wharf I think is the best London off plan opportunity that has come our way where we are able to get in before launch. With many of
our previous London pre launch investment opportunities, we have always managed secure some of the best units for our clients and I
have seen prices increase either at launch or soon after giving our clients quick capital growth in a very short period of time. With City
Wharf I know will perform the same if not better.

Simon Shankland
Portfolio Director

www.redcubeproperty.com

For further information

please call 020

8445 6542

The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment
with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to can be withdrawn by the lender or
have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages
referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that
they are available at the time of publication and are applicable to a significant number of our purchasers. This document is for information purposes only and
nothing on this document should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from
ourselves or from other finance and property professionals. Property particulars do not form part of an offer or contract. The developer and Red Cube Ltd,
whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents
achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional
valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas,
reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are
believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any
intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their
accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Our standard Terms and Conditions of Sale
will apply. Visit http://www.redcubeproperty.com/investment-sales-terms-conditions/ for further details.
Your home can be repossessed if you do not keep up your mortgage payments on it.

www.redcubeproperty.com

For further information

please call 020

8445 6542