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388 sq ft 2nd Floor Off Plan Investment in Royal Mint Gardens E1

R-02.05 Rosemary Place, Royal Mint Street, Tower Bridge, E1, E1 8LG
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Property description

Off plan 388 sq ft studio apartment in Rosemary Place on the second floor of the impressive, new Royal Mint Gardens development situated next to the proposed new Chinese Embassy. The apartment comprises of an open plan reception, fitted kitchen, bedroom, family bathroom and a Juliet balcony.

One of London's most presidential developments, with stunning rooftop terrace, residents can enjoy views directly overlooking the City.

Facilities will include landscaped courtyards and roof terrace. superb leisure facilities for a balanced lifestyle. Residents can also enjoy a fully equipped gymnasium, heating swimming pool with yoga and heated Jacuzzi, a digital entertainment suite with private cinema and games room, Further details available on request.

Estimate Service Charge: £4.50 sq ft

Estimated Ground Rent: £400

Lease: 999 Years

Completion Due Q3 2019

Please call Andrew on 0207 227 4661 for further information.

The Chinese Embassy:

The Government of The People’s Republic of China has secured the purchase of the iconic Royal Mint Court site in May 2018.

The Chinese government plans to convert the 5.4 acre site, which sits opposite the Tower of London, into the country’s new UK embassy.

The go-ahead for a £750m, 600,000 sq ft office scheme offering 50% more net office space than the site currently has. Alongside this, there is planning permission in place for a wider refurbishment and part redevelopment including new retail and leisure accommodation, 1.8 acres of landscaped public realm.

Transport Links:

Tower Hill Tube Station is just moments away, in fact 0.3 miles and a 5 minute and incredibly scenic walk past Tower Bridge and the Tower of London. Tower Hill is served by the Circle and District lines, just one stop to Aldgate, and 2 stops for Liverpool Street (for Crossrail) and Cannon Street. Westminster is 10 minutes away.

Tower Gateway DLR is just 4 minutes and 0.2 miles walk away and you will reach Canary Wharf in 8 minutes.

Other key info

Amendments to Reservation Contract

1) The definition of Exclusivity Period in the Reservation Contract shall be amended so that it reads as follows: "The period of forty (40) business days (or such other period stated in the RESERVATION CONDITIONS) during which the BUYER has the exclusive right to buy the LOT"

This means that the buyer and seller shall have 40 business days to exchange from the end of this auction.

2) The Buyer and Seller agree that Clause R6.5 and R6.6 of the Reservation Contract shall be removed and shall not apply in relation to this Property. For the avoidance of doubt, the Buyer agrees that the Reservation Fee shall be non-refundable in all circumstances.3) The Buyer and Seller agree that where a consent is required from the managing agents of the Property (where relevant), and such consent has not been provided by the managing agents within the Exclusivity Period (as amended above), the Exclusivity Period shall automatically extend by a further 40 business days (the Extension).

Agents Note. This property is for sale by MyLondonHome Marketplace. The process is similar to a normal property purchase but on acceptance of an offer the purchaser will pay a non-refundable reservation fee to secure the property. The buyer then has 40 working days to exchange contracts and a further 14 days to complete the purchase. Terms and conditions apply to the marketplace which is operated by MyLondonHome.

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

MyLondonHome shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Important Notes for Purchasers This property is being offered for sale by MyLondonHome Marketplace. To place a bid go to our website. Please ensure you register and fully read the instructions on how to make a bid online. It is important to note that if you are the successful bidder, you will pay MyLondonHome Marketplace 2.4% inclusive of VAT (of which £6,000 inclusive of VAT is taken immediately and the remainder due within 24 hours) on your bidding figure to reserve the property, allowing you 40 working days in which to exchange contracts, and a further 14 days to complete the purchase. Terms and conditions apply this method of sale, which is operated by MyLondonHome. For more information on how MyLondonHome Marketplace works please contact us.

For further information please contact Andrew Ordona - 0207 227 4661

Features

Next to Chinese EmbassySecond Floor Studio388 sq ftRoyal Mint GardensCompletion Q3 2019East FacingClose to Tower Hill StationBrilliant InvestmentTube & DLR Links12 Minutes into Central London24hr ConciergePool & JacuzziYoga & Dance StudioViews of Tower Bridge

Floorplans

Floorplan
Floorplan

Maps

Conditional auction

If the reserve is met or exceeded and the auction timer reaches zero, an exclusivity period begins in relation to that property. The successful bidder is contractually required to exchange on the property on or before the expiry of 20 working days from the end of the auction. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of the reservation agreement, which is produced at the end of the auction. The auctioneer will be authorised to sign the reservation agreement on both the buyer’s and seller’s behalf. If by the seller’s act, exchange does not occur on or before the expiry of 20 working days from the end of the auction, the holding deposit shall be fully refunded to the buyer. If the buyer fails to exchange on or before the expiry of 20 working days from the end of the auction, they will forfeit the full amount of the holding deposit.

* Pricing information

The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.

Bamboo Auctions and MyLondonHome Marketplace shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.

Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.

Disclaimer

All information relating to this property, including descriptions, pictures and other related information has been provided by MyLondonHome Marketplace. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.

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