London Property Investors Tip; Look to Northern Line Extension and Battersea

Batteresea is finally going to have its place on the Tube Map.The Northern Line Extension (NLE) will improve transport capacity throughout the Vauxhall Nine Elms area with stops at Wandsworth Road and Battersea Power Station. It will also relieve pressure at Vauxhall station.

In November 2011 the extension was included in a group of infrastructure projects announced by George Osborne, due to be backed by the Government,although completed with private sector funding.

In the proposal Battersea Power Station would become the focus for a new town centre with 66,000 square metres of retail, restaurant and cafe space - more than Clapham Junction and Wandsworth town centres.

London Local News

UK Construction and Surveying Market Takes Gloomy View of Government Initiative

RICs Construction Market Survey for the last quarter of 2011 paints a gloomy picture of the UK building and surveying sectors. The UK construction industry continued to stall during the final three months of 2011, as doubts were cast over the government's ability to boost private funding to deliver on proposed infrastructure projects.

Simon Rubinsohn, RICS Chief Economist commented "Predictably, with workloads continuing to fall and costs slowly increasing towards the end of the year, the outlook for the construction industry remains rather downbeat with no prospect of improvement in sight. Particularly worrying are the questions being raised over the government's plan to secure institutional funding for infrastructure projects. We would hope that this scepticism proves to be overly pessimistic, but the responses highlight the sizeable job the government still has to do in convincing industry professionals that this approach is going to deliver."

Construction and Surveying News

Brondesbury Conservation Area Apartment for Sale

Plympton Road, Brondesbury Conservation Area, London, NW6

A presented one bedroom flat, set on the top floor of a attractive character property.

The property is situated in the popular Brondesbury Conservation area and is within easy walking distance of Kilburn Jubilee Line, Salusbury Road and West End lane.

The flat offers a bright 17ft reception room with wooden flooring, modern fitted kitchen with a fitted oven and hob, 14ft master bedroom and shower room comprising of a modern white three piece suite.

Further benefits include unofficial 20ft south facing roof terrace, 121 year lease and no upper chain.

Brondesbury Apartment For Sale

West Hampstead Commercial Property for Sale

Commercial Investment Property for Sale West Hampstead

Mill Lane
West Hampstead
Greater London
NW6

GIA: 3254 sq/ft*

£ 850,000
Freehold

This mixed A2 and B1 office building was constructed from new approximately 10 years ago.

Internally, all areas have been finished to a high standard with the benefit of trunking throughout, double glazing, fitted carpets, gas central heating and both a burglar and fire alarm system.

The property lends itself to self containment on each floor (with residential conversion potential) although the A2 & B1 space on lower ground and ground floors have separate services, male and female WCs and kitchen facilities.

The property is situated in an extremely sought after and popular location close to the junction with Mill Lane and Broomsleigh Street. The property is within walking distance of West End Lane where public transport links are serviced by West Hampstead Tube Station (Jubilee Line), West Hampstead Thameslink and Silverlink Stations.

VIEWING STRICTLY BY APPOINTMENT THROUGH PARAMOUNT INVESTMENTS.

London Property With Planning For Sale

South London Investment Property With Planning

Stockwell
Clapham Road
London
Greater London
SW9

Net Saleable: 5478 sq/ft*

£ 1,700,000 + VAT
Freehold

The development is situated in the heart of "Little Portugal" on the Clapham Road at its junction with Dorset Road. The location offers easy to the bars, clubs and shopping facilities in Vauxhall and Clapham High Street.

The Oval Cricket Ground, as well as the open spaces of Vauxhall and Larkhall Parks are also closeby.

Local transport links include Stockwell Underground Station (Victoria and Northern lines) and Vauxhall Bus, Railway, and Underground Stations (National Rail and Victoria Line) for connections into and out of Central London.

Planning permission has been granteed subject to the S.106 being signed for the part conversion part extension of the existing building to create 9 luxury apartments (5,478sq.ft)

On the ground floor is an established seafood restaurant sold on a long lease.

London Property Investment For Sale

Foreign Investment in London Property Is Not Affected By One Off Events

Property owners who are expecting to reap the benefits of increased rental returns during this year's big London events should not set their sights too high. The Olympics and Jubilee celebrations have not really prompted a mass surge of enquiries for short term lets;it appears that 90 percent of letting enquiries about this period are speculative enquiries coming from would be landlords planning to leave London during these busy events,and make a quick killing at the same time.

The Olympic or Jubilee Effect has also been used to promote the sale of London investment and buy to let property at overseas property shows. Recent surveys show that there has been a marked increase in Australian investment in residential buy to let property. However,this is more likely to be the result of the strong Australian dollar and familiarity with the London rental market, than with a one off events.

Any other recent rise in overseas nationals increased interest and purchase can be directly traced back to events in the home country; Russians seeking a safe haven in the run up to unnerving presidential elections; Cash rich Greeks are also seeking a steady investment during uncertain economic times; Chinese investors have already replaced those from Russia and the Middle East as the busiest property investors, led by their Government looking to invest huge, surplus to requirements, sovereign wealth fund.

No doubt these investors will also be able to afford some Olympic opening ceremony tickets too.

London Property News

Property for Sale in London's Most Expensive Neighbourhood

A home in the U.K.’s most expensive neighbourhood is being offered for more than £100 million according to the broker handling the sale.

The neo-classical house is located at 6 Palace Green in Kensington, one of London’s few private roads where no passing traffic can enter, Aylesford International Managing Director Louise Hewlett said. The 16,000-square-foot (1,486-square-meter) home is owned by Tamzen Ltd., a closely held company incorporated in the British Virgin Islands, according to the U.K. Land Registry.

“This is considered the best address in Europe, not just London,” Hewlett said by e-mail. While declining to disclose the value of the property or its owner, she said its price would exceed 100 million pounds.

Palace Green is on the southern section of Kensington Palace Gardens, one of two London streets known as Billionaires Row; the other is Bishops Avenue in Hampstead. Luxury-home prices in Kensington have gained about 110 percent since 2004, said Grainne Gilmore, head of U.K. residential research at Knight Frank LLP.