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Investment Sale | Wonderful One Bedroom Apartment | 565 Sq. Ft Plus Balcony | 0.2 Miles to Jubilee line and DLR | London Bridge in 5 stops and Canary wharf in just 2 | EWS1 Certificate Pass- Grade B1 | Bright modern apartment | Outdoor Heated Pool | 24/7 Concierge | Gym and Spa | English National Ballet on site | ‘The Island’ Deli and grocer | Landscaped Gardens | 2nd floor | 5.7% Yield
The apartment provides 565 sq. ft of contemporary, spacious living, comprising double bedroom with fitted wardrobe, open plan kitchen/dining area, bathroom and private balcony.
The apartment is tenanted on an AST contract paying £23,400 per year until February 2025, although notice can be given after February 2024. The rent represents a 5.7% yield.
All of the Islands residents are members of the exclusive City Island Social club, with membership comes access to a range of stylishly designed private facilities. These include, a clubhouse, concierge, a grocers shop, restaurant, gymnasium, spa & treatment rooms, pools and gardens.
London City Island is a joint project between Ballymore and EcoWorld and is their unique East London flagship development and heading for completion this year. Phase 1 was voted the best new place to live in 2017 at the Mayor of London’s – London Planning awards and the national RESI awards!
It’s a unique place – an island community and a very special one. 12 acres of mixed use so close to the capitals new financial hub, Canary Wharf.
City Island offers everything a resident will want or need. The ‘Island Grocer’ on site is an artisan, Italian style deli store and restaurant, the Calzone is incredible. The resident’s lake side bar is a tranquil place to relax and if that’s not enough you can slip directly in to the heated outdoor pool, sauna, steam room or Jacuzzi. For the more active amongst us, the fully kitted gym is stylishly designed and caters to all needs.
City Island has become a cultural centre with onsite art gallery already in place and the relocation of the English National Ballet and London Film School to the very centre of the island will be a draw to the area and huge boost for buy to let investors too. London Mayor, Sadiq Khan said of the plans, ‘I have no doubt that the ENB’s relocation to City Island will further cement the city’s status as a global hub for dance and the performing arts’.
The development is adjacent to Canning Town station, accessed by a newly-built footbridge, it offers excellent transport links, including the Jubilee line, DLR and local bus services. Notable destinations include Canary Wharf in 4 minutes, Stratford in 7 minutes and Bond Street in 20 minutes.
Leasehold: 999 years from 2014
Local Authority: Tower Hamlets
Council Tax Band: D
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