375 Kensington High Street

Monday, 13 June 2011 03:06 synergy
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375_1_1
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Developer
St Edward Homes Ltd (a joint venture company owned by The Prudential and Berkeley Group).
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Development
375 Kensington High Street(530 Units). The Site comprises of approximately 1.38 hectares of land bound by hard landscaping, on Kensington High Street.
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First Phase
Charles House & Wolfe House (86 and 69 units respectively). Nearly all sold out.
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Second Phase
Trinity House 88 units

Third Phase
Bridgeman House

Construction
Construction works started and estimated completion end of 2013
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Local Authority
London Borough of Kensington & Chelsea
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Tenure
999 year lease
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The Apartments
Type Approx m2 many different sizes between
1 Bed 47-101
2 Bed 68-130
3 Bed 95-198
Penthouse/Duplex 194-241
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Pricing Structure
Prices, which are very competitive for this area of London, start at around 800,000 pounds
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Concierge Services
Harrods
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Building Warranty
10 year build warranty by NHBC (guarantees and safeguards deposits)
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Terms of Payment
1. Non refundable reservation fee of 10,000 payable upon reservation/exchange of contracts
2. 10% of purchase price, less reservation deposit, is payable upon 21 days after reservation / exchange of contracts
3. A further 10% of purchase price is payable 6 months after exchange of contracts
4. A further 10% of the purchase price is payable 18 months after exchange of contracts
5. Balance of 70% is payable upon completion
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Buying Overseas for Thai Nationals
Thai Nationals can buy overseas and there no restrictions on transferring monies up to
a value of $10m. The process is simple and requires only a signed contract to show to
the Bank in Thailand.There are No restrictions for Thais buying real estate in the UK
The apartments can be bought by Thai individuals or Thai or Foreign legal entities.
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Ground Rent
Suite 400 per annum
One Bed Apartment 600 per annum
Two Bed Apartment 750 per annum
Three Bed Apartment 1,000 per annum
Penthouse 1,500 per annum
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Reviewed every 10 years in line with R.P.I (Retail Price Index)
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Service Charges
Charles House 6.98 per sq ft per annum
Wolfe House 6.37 per sq ft per annum
Trinity House 6.18 per sq ft per annum
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Car Parking
General Right to park in a non-specified space is included in the purchase price.
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The penthouses have two allocated spaces each (tandem).
Purchasers at 375 Kensington High Street are not
permitted to apply for separate Residents Parking
Permit in the Royal Borough of Kensington and Chelsea
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Exclusive Selling Agent
Synergy Global Property Alliance Corporation Level 8 Two Exchange Square, 8 Connaught Place, Hong Kong


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Last Updated on Tuesday, 04 June 2013 08:15



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