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1 bedroom flat for sale

Sovreign Tower, Canning Town, London


Property Description

Key features

  • 549 sq ft 1 bedroom on the 2nd floor
  • Private balcony facing west
  • Close to Canning Town tube station (Zone 2)
  • CCTV monitoring and security of communal grounds and entrances.
  • Two communal roof gardens
  • Building Insurance: 10 year NHBC
  • Anticipated Completion: October 2016
  • 24 concierge

Full description

BuyLondonFlat are delighted to offer this one bedroom apartment with balcony on the 2nd floor in the Sovreign Tower in the Royal Gateway Development. The apartment has the benefit of a balcony, double glazing windows, fully fitted kitchen, low energy down lighting and video entry phone system.

The flat would make an excellent investment opportunity. The development Royal Gateway is part of the massive regeneration programme that is expected to the change the face of the Royal Docks. The nearest tube station are Canning Town Station, Royal Victoria Station and other links to the DLR. With the completion of the new Crossrail, central London will be only 15 minutes away.

Ground Rent: £400 pa
Completion estimated end of October 2016

This is an opportunity to purchase the pre-exchanged contract of an off plan property for a lower than market value.

This is a contract sale so the seller is selling their contract on a property that is not yet completed. The property is currently valued at £375,000 - £400,000 (once completed), and the asking price for the contracts is £365,000.

1) Agreed Price £365,000
2) Deposit on exchange of £131,000
3) Balance to the developer on completion of £234,000

Once the property has been completed you will be obligated to complete the purchase of the contract from the developer at the sum of £234,000. If you are looking to raise a mortgage for the purchase, please ensure you satisfy yourself with regards the availability of finance on completion as you may be contractually liable to complete BEFORE applying for finance.

More information from this agent

Listing History

Added on Rightmove:
23 October 2016


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