INFORMATION PACK - Holborn Property

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INFORMATION PACK - Holborn Property
BRIDGE HOUSE

INFORMATION PACK
INFORMATION PACK - Holborn Property
OVERVIEW

The Developer                                                         Price Range
Titan Property Developments
www.titan-property.co.uk                                               Studios            £230,000 - £280,000
                                                                       1 Beds             £287,750 - £299,995
                                                                       2 Beds             £392,500 - £495,000
The Development                                                        3 Beds             £550,000
Dolphin Bridge House is a riverside building located on the banks
of the historic Grand union Canal. Uxbridge is a well established,
affluent and desirable commuter town in West London on the
                                                                      Estimated Rental Range
Metropolitan and Piccadilly tube lines. Previously used as offices,
the building will be converted to 41 high specification apartments
(4 x studios, 29 x 1 beds, 7 x 2 beds and 1 x 3 bed apartment) over    Studios            £225 - £250 p/w
ground and three upper floors with the top floor apartments            1 Beds             £275 p/w
benefitting from private roof terraces with far reaching views         2 Beds             £325 - £350 p/w
across Uxbridge.
                                                                       3 Beds             £400 p/w

Address
Dolphin Bridge House, Rockingham Road, Uxbridge, UB8 2XL

Number of Units
41
INFORMATION PACK - Holborn Property
Completion Date                                                 Previous Office Occupier
November 2019                                                   Interserve, a multinational FTSE listed construction company

                                                                Assignability
Local Authority
                                                                Contracts are assignable
London Borough of Hillingdon

                                                                Planning Permission Ref
Tenure
                                                                35248/APP/2017/3013
999 year leasehold

                                                                Contractor
Building Warranty                                               Cosmur Construction (London) – www.cosmur.co.uk
10 Year CML approved warranty provided by Buildzone

                                                                Architect
Car Parking                                                     Orbit Architects – www.orbitarchitects.com
1 secure gated space per apartment

                                                                Heating
Ground Rent
                                                                Wall mounted electric panel heaters

 Studios                £250 p.a
 1 Beds                 £275 p.a                                Floor to ceiling heights
 2 Beds                 £300 p.a                                2.4 metres

 3 Beds                 £325 p.a
                                                                Lifts
Ground rent reviewed every 10 years to RPI
                                                                Passenger lift serving all floors

Deposit Protection
                                                                Security
All deposits to be held as stakeholder
                                                                Full colour video entryphone

Service Charge
Estimated at £3.75 psf p.a                                      Council Tax

                                                                 Band A                  £938.10
Type of construction
                                                                 Band B                  £1,094.46
Brick built with flat roof. Flat roof to be renewed under the
conversion works and benefit from the 10 year warranty           Band C                  £1,250.81
                                                                 Band D                  £1,407,16

                                                                2018/19 rates
INFORMATION PACK - Holborn Property
UXBRIDGE

Uxbridge is an affluent, modern market town and commuter hub in West London
within the M25 with a population of approximately 25,000. It is a significant
commercial centre with many major employers, a thriving town centre and
numerous sporting, leisure and cultural amenities.

The area is seeing substantial large-scale investment and regeneration with a
number of new developments creating thousands of new homes and putting the
focus on Uxbridge as a popular investment destination.

Other investment drivers include Brunel University London, the proximity to
Heathrow Airport and easily accessible transport links into Central London via
both tube and the upcoming Crossrail.
INFORMATION PACK - Holborn Property
KEY INVESTMENT POINTS

Property prices                                                        Local economy and employment
•	Historical price growth – 13% price growth in Uxbridge              •	Major employers – Including Apple, Cadbury, Coca-Cola, PWC,
   between 2015-2018 and 61% growth across the borough of                 Hertz and Mitsubishi
   Hillingdon over the past 5 years, outperforming the London and      •   Low unemployment – 6% compared to 6.6% across London
   nationwide UK market..
                                                                       •	Affluent area – Average household income of over £50k which is
•	Capital growth potential – Property prices in Hillingdon are           69% higher than the UK average
   amongst the fastest growing in London with new apartments
   especially in demand, further growth of 21% is predicted over       •   Brunel University – 13,000 students and 2,500 staff
   the next 5 years.                                                   •	Heathrow Airport – 76,000 staff and expansion approved by
•	Rental growth – Rents have increased by 14% over the past 5            Government with work on new third runway scheduled to begin
   years and are forecast to increase by a further 18% over the           in 2021 which will create an extra 40,000 local jobs
   next 5 years driven by demand from young professionals and a
   growing population.
                                                                       Lifestyle and amenities
                                                                       •	Open space – Green and leafy area with the development
Transport links                                                           situated on the edges of 40 sq/m Colne Valley Regional Park
•	Tube – Station within a 10 minute walk with travel times of under   •	Education – Five primary and one secondary school including
   40 minutes to Central London.                                          two rated ‘Outstanding’ by Ofsted, one of which is a few
•	Crossrail – New Crossrail line 3 miles away at West Drayton            minutes walk from Dolphin Bridge House
   station due to open in December 2019 will offer significantly       •	Shopping and retail – Two major shopping malls in the town
   quicker journey times to central London stations such as Bond          centre with most of the major shops and brands having a
   Street (24 mins), Liverpool Street (31 mins) and Canary Wharf          presence in the town
   (38 mins).
                                                                       •	Sport and leisure – A major leisure centre, numerous parks,
•	Accessible motorway network – M25, M4 and M40 all between              sports clubs and golf clubs
   5-20 minutes drive.
INFORMATION PACK - Holborn Property
TRANSPORT

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                    25            32             36              42                43                45                45                 46

Dolphin Bridge House is well served for tube, train, road and air                 Tube times from Uxbridge station (10 mins walk)
connections. Uxbridge tube station in London travel Zone 6 is
located in the town centre, within a 10 minute walk of Dolphin                     Wembley Park                                  25 minutes
Bridge House. Served by the Metropolitan and Piccadilly lines,                     Finchley Road                                 32 minutes
journey times to Zone 1 are under 40 minutes. An annual travelcard                 Baker Street		                                36 minutes
to Zone 1 costs £2,492
                                                                                   Bond Street		                                 42 minutes

Further connections can be found at West Drayton which is just                     Kings Cross St Pancras                        45 minutes
over a 10 minute drive away and will be linked to the new Crossrail                Oxford Circus		                               45 minutes
line opening in December 2019. As well as quick journey times                      Westminster		                                 46 minutes
across Central London, the City and Canary Wharf there are also
                                                                                   Liverpool Street                              53 minutes
National Rail connections to major regional employment centres
such as Reading and Oxford.                                                       *Source tfl.gov.uk

Heathrow airport is the major airport hub for London and is
a 15 min drive from Dolphin Bridge House. Heathrow is the                         Train times from West Drayton crossrail station (11 mins
busiest airport in the UK and the second biggest in the world for                 drive / 20 min bus)
international flights with over 80 airlines flying to 185 destinations
in 84 countries.                                                                   Heathrow Airport                              8 minutes
                                                                                   FPaddington                                   20 minutes
                                                                                   Bond Street		                                 24 minutes
                                                                                   Tottenham Court Road                          25 minutes
                                                                                   Liverpool Street                              31 minutes
                                                                                   Canary Wharf		                                38 minutes
                                                                                   Reading		                                     32 minutes
                                                                                   Oxford                                        1 hour

                                                                                  *Source www.crossrail.co.uk and www.nationalrail.co.uk

                                                                                  Driving times

                                                                                   M40                                           5 minutes
                                                                                   M25                                           7 minutes
                                                                                   M4		                                          16 minutes
                                                                                   Heathrow Airport                              19 minutes
INFORMATION PACK - Holborn Property
SHOPS AND RESTAURANTS

Uxbridge town centre is a 10 minute walk from Dolphin Bridge        The two main supermarkets are Tescos (12 min walk) and
House, as well as a historic pedestrianised high street there are   Sainsburys (15 min walk) and there is a 9 screen Odeon cinema in
two shopping centres, Intu and The Pavilions. Having undergone      the town centre.
significant redevelopment including a £2m investment from the
Major of London’s London Regeneration Fund most of the major        There are plenty of dining choices within a short walk of Dolphin
high street brands have a presence in Uxbridge including the        Bridge House including canalside eateries The Dolphin, The General
following                                                           Elliot and the Pipemakers Arms. In the town centre are a further
                                                                    wide array of restaurants including
Debenhams
River Island                                                        Curry Culture
Marks & Spencer                                                     The Fig Tree
TK Maxx                                                             Tai Pan Oriental Buffet
Waterstones                                                         Ask Italian
Next                                                                Prezzo
New Look                                                            Five Guys
Oasis                                                               The Slug & Lettuce
Coast                                                               The Metropolitan
Argos                                                               Nandos
Pandora                                                             Pizza Express
Boots                                                               Zizzis
INFORMATION PACK - Holborn Property
LEISURE & FACILITIES

For fitness aficionados Uxbridge offers plenty of local sporting           Uxbridge is situated on the edges of the Colne Valley Regional Park
facilities. Hillingdon Sports and Leisure club is just on the other side   which covers over 40 sq miles and within the town itself areas of
of the town centre less than a 6 minute drive and contains indoor          open green space are abundant. Fassnidge Park and Rockingham
and outdoor Olympic sized swimming pools, an athletic track and            recreation ground are just across the canal, both less than 1/3 mile
large sporting complex.                                                    from Dolphin Bridge House.

Stockley Park and Hillingdon golf clubs are close by and the town is       Dolphin Bridge House sits on the Grand Union canal, a historic
home to non-league football team Uxbridge FC as well as Uxbridge           waterway stretching for 137 miles linking London to Birmingham
Cricket Club who are a member of the Middlesex County Cricket              and which offers fishing, boating and river walks on the doorstep.
League.
INFORMATION PACK - Holborn Property
In Good Company

LOCAL ECONOMY & MAJOR EMPLOYERS

Uxbridge is an affluent town with many prominent national and         Heathrow Airport is a major employer in the area supporting over
international companies having offices there attracted by the close   76,000 employees and creating almost £3.3bn of GVA (Gross Value
proximity to Central London.                                          Added) for the local economy.

Companies with headquarters or offices in Uxbridge include the        The UK government approved a third runway in 2016 and
following                                                             Parliament voted in favour of the expansion in June 2018. Work is
                                                                      scheduled to commence in 2021 on what will be one of Europe’s
Apple                        PWC                                      largest infrastructure projects. Due to open in 2026 the expansion
Coca cola                    Netapp                                   of Heathrow Airport will create 180,000 new jobs, 40,000 of these
                                                                      in the local area and upto £187bn of economic growth across
Hertz                        Herbalife
                                                                      the country. Uxbridge is poised to benefit substantially from the
Amgen                        Manpower
                                                                      investment and additional employment created by the new runway.
Bristol-Myers Squibb         Mitsubishi
IBM                          Cadbury
                                                                      Another main contributor to the local economy is Brunel University,
Fujitsu                      Monster Energy
                                                                      not only through the direct employment of its 2,500 staff but also
GSK                          General Mills                            by producing a talented pool of graduates. The university produces
Cisco Systems                IBB Solicitors                           £212m of GVA for the Borough of Hillingdon annually.
Xerox
                                                                      The average household income of Uxbridge North is £50,820 which
                                                                      compares with a UK average of £39,430. A high proportion of
                                                                      employees have professional, managerial or highly skilled jobs.
INFORMATION PACK - Holborn Property
SITE PLAN
SPECIFICATION

INTERIOR DESIGNED KITCHENS                                      SECURITY
Gloss white handle-less cabinetry                               Main entry doors, digital access control with integral fob reader,
Glass splashbacks                                               code access and LED screen
Solid stone worktops                                            Video access screens in apartment hallways
Stainless steel integral 1.5 bowl sink                          Mains operated smoke alarm
Swan-neck monoblock tap in brushed stainless steel              Mains operated carbon monoxide alarm
Zanussi Electric single oven, fan assisted                      Lockable letterboxes
Zanussi Integrated hood                                         Bike store
Zanussi 4 zone black induction hob
LED strip lighting under wall units                             HEATING
Integrated 50/50 fridge freezer                                 Wall mounted electric panel heaters
Integrated washer-dryer
Integrated slimline dishwasher                                  FLOORING
                                                                Engineered oak wood flooring to hallway, kitchen/lounge/dining
                                                                area
BATHROOMS & ENSUITE
                                                                80% wool carpets in bedroom
White tiles to wet areas
White handwash basin with mixer tap
                                                                LIGHTING
Dual flush soft close WC with chrome flush plate
                                                                Recessed LED spotlights
Wall mounted chrome toilet roll holder
                                                                Brushed steel dimmer switches in bedrooms
Granite effect vanity worktop
Shower set with rose head and hand shower in chrome
Mirror with recess LED lighting
Chrome towel rail
Vinyl tiled stone effect floor tiles

GENERAL
Brushed stainless steel sockets and switches
Oak thresholds
White paint throughout
Bespoke fitted wardrobes in bedrooms on request at additional
cost
LETTINGS & MANAGEMENT

                        Recommended Letting Agent
                        Life Residential - www.liferesidential.co.uk

                        UK Contact
                        Alisha Campbell, Business Development Manager
                        Tel: +44 (0)7725 246 201
                        alisha.campbell@liferesidential.co.uk

                        Asia Contact
                        Jose Ferreira-Jorge, Business Development Manager
                        Tel: +852 5978 4168
                        jose.ferreira-jorge@liferesidential.co.uk

                        Managing Agent
                        Countrywide - www.countrywide.co.uk
                        Tel: +44 (0)1908 465 250

FURNITURE

                        Recommended Furniture Supplier
                        Andrew James Interiors - http://andrewjamesuk.com
                        Andrew Smith, Director
                        Tel: +44 (0)7974 137 997
                        Email: andrew@andrewjamesuk.com

                        The standard furniture packages are priced as follows

                         Studios                           £3,500 + VAT
                         1 Bedroom Apartments              £4,000 + VAT
                         2 Bedroom Apartments              £5,000 + VAT
                         3 Bedroom Apartments              £6,000 + VAT

                        Full inventory included within the furnishings brochure. Bespoke
                        furniture packages are available
SOLICITORS

Vendors Solicitor                                                      Recommended Purchasers Solicitors
Paul Beanlands, Partner                                                Doug Fordham, Partner
Michelmores LLP                                                        Gateley Plc
12th Floor                                                             3000 Cathedral Square
6 New Street Square                                                    Guildford
London                                                                 Surrey
EC4A 3BF                                                               GU2 7YL
Tel: +44 (0)207 659 4659                                               Tel: +44 (0)1483 230 148
Email: paul.beanlands@michelmores.com                                  Email: doug.fordham@gateleyplc.com

                                                                       The legal fees charged by Gateley are £1,800 + VAT and
                                                                       disbursements

                                                                       Stamp Duty Land Tax (SDLT) will be payable on all purchases. The
                                                                       current rates and brackets which will be applicable to Dolphin
                                                                       Bridge House are as follows

                                                                        Brackets                  Standard Rate       Buy-to-Let / 2nd
                                                                                                                      Home Rate
                                                                        £125,001 - £250,000       2%                  5%
                                                                        £250,001 - £925,000       5%                  8%

PAYMENT TERMS

1). A non-refundable reservation fee of £2,000 is payable on          Bank details for payment of the reservation fee are as follows
     reservation
2). 20% of the purchase price (less £2,000 reservation fee) payable   Bank Name		                 Metro Bank
    on exchange of contracts, within 21 days of reservation
3). The balance of 80% of the purchase price payable on legal
                                                                       Bank Address		 One Southampton Row, London,
    completion
                                                                       				WC1B 5HA

                                                                       Account Name		              PM Dolphin (Uxbridge) Limited

                                                                       Account Number		            25230701

                                                                       Sort Code		 23-05-80

                                                                       IBAN / SWIFT		 GB27MYMB23058025230701 /
                                                                       				MYMBGB2L
WEB LINKS – GENERAL UXBRIDGE AND PROPERTY PRICE ARTICLES

On the up:seven London postcodes where
prices haven't peaked yet, from Dartford     Click here

to Camberwell

House prices in Hillingdon are the fastest
                                             Click here
growing in London

What you need to know about the
                                             Click here
London housing market: West London

Brunel brings in millions as jobs multiply   Click here

The university towns where house prices
                                             Click here
have risen an average 22pc in three years

What will Heathrow Expansion mean for
                                             Click here
West Drayton Property Prices?

Homeowners in the North East of
England see house price rises outpace        Click here
the rest of the country, with values
increasing £1k a month

Why invest in buy to let property in
                                             Click here
Uxbridge?

Demographics                                 Click here
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