A Unique Opportunity To Invest In Central London
Posted by Shojin Property Partners on 19th August 2020 -
Shojin is delighted to present a unique opportunity to invest in a promising new development in Central London.
Located in the popular area of Earls Court, in the Royal Borough of Kensington and Chelsea, the residential-led development scheme in Cluny Mews comprises planning permission for 35 luxury apartments and ground floor office space that has already been pre-sold.
With planning permission granted and work ready to commence, investors have an exceptional opportunity to invest in a high-spec development in a sought-after area.
About the location
Earls Court is at the centre of one of London’s largest and most exciting regeneration projects to date. Located in the Royal Borough of Kensington and Chelsea, the area combines iconic Victorian architecture with leafy residential squares that exude a powerful, yet entirely modern, charm.
Popular with both residents and tourists, the close proximity of Earls Court with Kensington and Chelsea has transformed it into an affluent area with a combination of small boutique shops, lively pubs and bars, and independent eateries. Despite being on the doorstep of Central London, it offers residents the opportunity to escape the hustle and bustle of inner-city life while still benefiting from the attraction and amenities that are within walking distance, including: Hyde Park, the Royal Albert Hall, Imperial College London, the Natural History Museum, the Science Museum and Chelsea FC’s Stamford Bridge.
The Cluny Mews development is located three miles West of Charing Cross and is perfectly placed for quick and easy access to Central London. Boasting outstanding transport links, the Earls Court, West Kensington, West Brompton and Kensington (Olympia) Underground Stations are all within a 15 minute walk, and London Heathrow Airport is only half an hour away.
Cluny Mews development
The site, currently a vacant two-storey office, will contain an entirely new 6-storey building made up of 35 high-spec apartments and a large ground floor office space.
These superbly located flats will offer investors a once-in-a-decade opportunity to take advantage of Inner London property in an area ripe for significant regeneration. Each high-spec apartment will benefit from a private south-facing amenity space and communal gardens, complete with ‘living walls’ comprising plants and greenery to maximise the aesthetic appeal of the property.
Market demand for all units is predicted to be high based on the fantastic location, access to open spaces in light of Covid-19, and the expected commencement of the Earls Court regeneration project within the next five years.
Construction phases
The total timeframe for the project will be 27 months, with 19 months allocated for construction. An additional eight months has been allocated for sales, although it is intended that most of the units will be sold off-plan during the development. Despite the Covid-19 outbreak, plans are in place to begin construction in September 2020.