Nine Elms investors view healthy returns from SkyGardens28 May 2015
Communal gardens at the top of one of the most impressive high-rise developments in London will offer its first residents a bird’s eye view of the largest regeneration project in Europe taking shape.
But by the time work to transform Nine Elms – a 560-acre site on the south bank of the River Thames that stretches between Battersea and Vauxhall – is complete, investors will have missed the opportunity to secure one of 204 ultra-modern apartments currently on offer at the 35-storey high SkyGardens development.
An enviable location
SkyGardens enjoys an enviable position in the new neighbourhood that has already been dubbed Hong Kong on Thames.
It is opposite one of the two new tube stations that will connect Nine Elms with the London Underground network.
And SkyGardens is within easy reach of footpaths, cycle lanes, parks, a public square and riverside paths that are being created in preparation for the opening of a new business and leisure district centred around Battersea Power Station that will be home to the US Embassy.
Across the River Thames is fashionable Chelsea, one of London’s smartest quarters for shopping and dining out. And some of the capital’s most enchanting art and antiques galleries can be found in neighbouring Pimlico, along with Tate Britain – one of the world’s finest art institutions.
Waterside pubs and bars mark the banks of the river towards Westminster, with the Houses of Parliament and Westminster Abbey less than two miles away. Meanwhile, the green space of Battersea Park is just a short stroll to the west of SkyGardens.
The high life
It is easy to understand why SkyGardens is catching the eye of investors who can spot the potential for properties in the development to increase in value before the first units are ready for occupation in late 2016.
The rococo-style entrance tower, which has been named Best Housing Project at The Sunday Times British Home Awards, is inspired by historic Vauxhall Pleasure Gardens – a park in South London which was a centre of art and architecture for 200 years.
Not only do the apartments offer fantastic capital growth and spectacular views across the London skyline, they have interiors designed to an exceptionally high standard by Philippe Starck’s Yoo company plus an onsite 24 hour concierge and residents will also have access to a smart gymnasium located in the 8th floor sky garden.. The 100 one-bed flats provide 46 square metres (495 square feet) of internal space, while the 100 two-bed apartments have net internal areas of 68 square metres (732 square feet).
The popularity of Nine Elms has led to a jump in the average value of a home from about £800 to £1,400 per square foot, with flats in river-facing developments reaching over £2,000 per square foot. Here at Garton Jones we’ve got resale properties at SkyGardens starting from £618.000 for a one Bed with two beds starting from £808.000.
- London Borough of Lambeth
- 1 bedrooms £400 pa
- 2 bedrooms £450 pa
- Estimated at approximately £4.25 per square foot
- 23 basement car parking spaces
- 999 Years
To learn more about the properties we have available at Sky Gardens and similar luxury developments, get in touch with Garton Jones by filling in the form below: