London Property – 10 Luxury Riverside Apartments Close to London’s Olympic Village at 26% Discount

If you have been searching for an outstanding Property Investment opportunity in London you will you will quick to realize, as we were, that this one is as good as it gets!

This is not a distressed sale by a troubled developer and there will be no more availability at these prices when these 10 apartments are sold. The units concerned were bought off-plan in 2008 by a firm of UK Regulated Chartered Accountants which specializes in property investment. They are now simply seeking to sell them on and are leaving a substantial profit margin for investors who buy them now.

Property investors the world over have been buying apartments in prime London locations since the beginning of 2009. Among them, opportunistic international buyers have been taking advantage of a highly attractive combination of slightly lower price levels and the weakness of the Pound since October 2008.

London is one of the world’s greatest cities and continues to grow from strength to strength. The City of London boasts higher turnover in foreign exchange, financial instruments, insurance and stocks than any other financial centre. That means a wealthy regional population and constant high demand for good quality rental property from multinational companies and their employees. London’s universities are also among the world’s finest, which again provides solid and growing demand from affluent families from overseas to buy and rent good accommodation for their children’s higher education.

Fortius is a development of luxury apartments being built in a stunning riverside location just one mile from the Olympic Village and 400 yards from Clapton Railway Station, which is a mere 12 minute journey from Central London’s Liverpool Street Station. The London Borough of Hackney is a key regeneration area already enjoying increasing employment opportunities that will receive a further huge boost from the 2012 Olympic Games. When the Games are over the area will inherit a 500-acre park containing state-of-the-art sports venues, shops, restaurants and offices. In fact the last four Olympic Host Cities enjoyed an average of 66% growth in property prices in the five year period preceding the Games!

The developer, Taylor Wimpey, is a major, well-respected home building company with 125 years experience and operations in North America, Spain and Gibraltar as well as the UK. In 2008 they completed and handed over 13,394 homes to their new owners. Altius, from the Olympic motto Citius, Altius, Fortius (Swifter, Higher, Stronger), will be the first phase to complete on this exciting development.

Key Facts at a Glance:

Developer: Taylor Wimpey
Development: Fortius, Lea Bridge Road, London E5
Block name: Altius
Location: On bend of River Lea; 400 metres from Clapton Station (12 mins to Liverpool Street); Walking distance to Olympic Village
Completion date: December 2011
Pricing: One-bed Apartments from £158,909; Three-bed Apartments from £240,214
Price per Square Foot: £274
Mortgage Finance: Up to 80% on excellent terms, depending on country of residence and status
Payment Terms: 5% at Reservation (refundable if you do not proceed); 10% at Exchange of Contracts; 5% in 12 months; Balance on Completion; Closing costs and taxes on application according to Plot Number
Projected Rental Yield: 6.65%

This is a genuinely outstanding Property Investment opportunity and is so attractively priced that you will need to act fast, because it cannot be repeated. Prices will be around 30% higher when these apartments have been sold.