The Old Gas Works, Sutton

Development Highlights:

➤ Prices starting from GBP267,114
➤ Rental yields of up to 4.20%
➤ Apartments ranging from 589 - 931 square feet
➤ Selection of 1 & 2 bed quality apartments
➤ Leasehold 250 years
➤ Anticipated completion – Q3, 2017

  1. Off-Plan Property London, The Old Gas Works, Sutton

    New World Property Investment are delighted to present The Old Gas Works, Sutton. A new and exciting residential buy to let property investment opportunity in the heart of Sutton, London. The Old Gas Works is a landmark project in the “Village Quarter” of Sutton town centre. This GBP50 million development is set to breathe new life into a part of Outer London that is only 29 minutes from London Victoria station.

    The revitalisation of the Old Gas Works will introduce much needed modern apartment accommodation to Central Sutton while also delivering public space regeneration that plays a key role in local government plans for the town. Designed with the provision of a clearer pedestrian link between Sutton Green and the High Street in mind, the Old Gas Works redevelopment will form a new northern gateway to Central Sutton, complementing the Sutton Station improvement work to the south. Particularly prominent within the Old Gas Works site will be a new Sainsbury’s supermarket. Its two-storey glass atrium main entrance will become a key focus of the public square. A further 26,000 square feet of new retail space on-site will create 500 new local jobs. This is over and above the 270,000 square feet of retail space being developed in Central Sutton by 2018. Further regeneration investment in Sutton has seen the Mayor’s Outer London fund commit GBP1.2 million in funding to the East Sutton area, while West Sutton will match this investment with contributions from both the fund and local investors.

    Features Of The Development:

    • Collection of high-specification apartments with generous private balconies
    • The development consists of 70 private units made up of 11 one bedroom apartments with 59 two bedroom apartments
    • Energy efficient heating systems designed to lower heating bills for residents
    • Just 29 and 33 minutes by train to the Central London transport hubs of Victoria and London Bridge
    • Striking contemporary design inspired by the site’s old gas cylinder frames
    • Part of a wider regeneration scheme that will include a new public plaza, a large Sainsbury’s supermarket and further retail units

    Investment Highlights:

    • Prices starting from GBP267,114
    • Rental yield up to 4.20%
    • Apartments ranging from 589 – 931 square feet
    • A selection of 1 & 2 bedroom quality apartments
    • Leasehold 250 years
    • Recently voted one of London’s top five places to live
    • Offers outstanding price-per-square-foot value within half an hour of Central London
    • Property supply is already struggling to meet demand, while forecasts put Sutton population growth at 25% by 2030
    • Town to add over GBP1.25 million of additional economic value over the coming years through projects such as the Tramline extension and the Life Sciences Cluster
    • A thriving retail and commercial centre, with 2013 observing a record 137% increase in new business start-ups in Sutton
    • Up to 70% LTV available subject to status
    • Anticipated Completion – Q3, 2017

    Property Investment Process:

    Investing with us at ‘The Old Gas Works’ is as easy as picking up the phone. The steps are outlined below:

    1. Call and speak to your property expert at New World Property Investment
    2. Select the best unit(s) available
    3. There is a reservation deposit Of GBP2,000 payable to secure your unit(s)
    4. 10% payable at exchange of contracts (usually within 21-28 Days)
    5. A further 5% payable after 6 weeks from exchange of contracts
    6. Remaining balance payable on completion Q3, 2017

    Estimated Completion: Q3, 2017
    Finance: Available subject to status

    Unfortunately this particular opportunity is now sold out. Please browse our alternative off-plan properties in London.

     

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