Tooting – The Broadway

The Broadway Tooting - 14.7% Below RICs Market Value
Tenanted 1 bedroom apartment
100% invested
£430,000
Invested

£430,000
Project Total
INVESTMENT CLOSED
Step 1: Specify your contribution amount for Tooting – The Broadway

Your capital is at risk. Returns may be variable and the value of your investment may go down as well as up.
There is no public compensation scheme covering poor investment performance.

Click here for Key Risks
Purchase Price
14.7%
Below Market Value
Based on August 2015 RICS Valuation
Projected ROI
27%
After Fees & Costs
Indicative & not guaranteed
Rental Returns
4.8%
Expected gross yield
Tenants already secured
Investment Term
5
Years
But may sell earlier

Investment at a Glance

The Company APOL – The Broadway Ltd
Property 1 bedroom  top floor flat – Unit 405 / Flat 32New build property with construction completed on 24th April 2015.
Location Tooting SW17 – Opposite St George’s Hospital and near to Tooting Broadway Northern line underground station.
Status The property has been acquired by A Piece of London and shares are available to new investors. Therefore, there is no risk of the project falling through if it is not fully funded. Tenants have been secured on an annual contract.
Property Price £375,000 – 14.7% below RICS valuation (August 2015)
Funding Target £430,000 – The project with costs is less than the August 2015 RICS valuation
Minimum individual investment £1,000
Investment horizon Up to 5 years, but maybe sold earlier subject to market conditions
Anticipated returns Gross rental yields of 4.8% p.a.
Net yields of 5.0% – including net rental yield and capital gains and after costs, fees and profit shares
Fees and profit share payable to APOL (A Piece Of London) 5% Arrangment Fee
Profit share of 20% of any profits on rental and capital gains.Admin fee of 2%+VAT of share value (min £20+VAT) for shares sold before planned exit.

Please note the above returns are indicative only and cannot be guaranteed. These returns may fluctuate over the time that the property is owned. Note (i) the sale is subject to APOL finding a suitable purchaser for the property; and (ii) any returns will be on the assumption that the property is fully tenanted at all times.


Summary & Use of proceeds

A Piece of London has secured this wonderful one bedroom apartment in this unique development in Tooting, SW17. The property was secured in the summer of 2014 in an off plan purchase and purchased via a limited company called APOL – The Broadway Ltd. The property is now complete and shares in the limited company are being offered.

The funds raised in this offer will be used to acquire the property, pay stamp duty and other costs associated with acquiring real estate and ensure there is sufficient surplus cash to cover unforeseen costs in a reserve fund. Tenants are secured in the property where we expect an annual gross rental return of c.4.8%.

We expect to sell property by 2020 during which times property prices for London are expected to grow by over 20%


The apartment and the development

This development is one of the first modern developments in this area and is located in the heart of Tooting, one block from one of London’s largest hospitals, St Georges, and 0.2 miles from Tooting Broadway underground station on the Northern line which is within 30mins of the City and West End.

The apartment has been designed to utilise every inch of space built with the latest building materials and innovative technologies to ensure it has the highest levels of building efficiency. It is positioned on the top floor of the development and enjoys the benefits of an outdoor terrace with unobstructed views over neighbouring buildings.

There is one double bedroom and a spacious living/dining area with laminate wood styled flooring through-out the apartment. The kitchen is fitted with Bosch & Siemens appliances and furniture will be purchased as part of the fund raise.

The development is in a prominent position in Tooting, with a major supermarket chain and high end bar/restaurants planning to occupy the ground floor. With limited space and scope for other developments in the area this development will stand out from other residential options in the area.


Property Details

Property Type Off Plan Apartment
Developer Crest Nicholson
Completion Date 24 April 2015
Lease 150 Years
No Of Bedrooms 1
No Of Bathrooms 1
Special Features Top floor property with lift access. Outside Terrace.
Rental Demand Hospital staff and City workers.
Size 536 sqft
Est Monthy Rental £1,500 – Based on tenancy secured for the property

This video below is of the actual apartment with furnishing.


Floorplan

Tooting The Broadway Floorplan Fourth Floor Plan Broadway Plot

The Location

  • The property is situated opposite St George’s hospital, one of the UK’s largest teaching hospitals
  • 5 minutes walk  to Tooting Broadway station and 10 minutes to Colliers Wood (both Northern line underground).
  • 12 minutes walk to Tooting mainland railway station
  • Within 25 minutes of Waterloo Station.

About Tooting

Tooting, located just South of the River Thames, is coming forth as a hidden gem in terms of regeneration areas in London. It has recently received national press coverage in The Guardian as a highly fashionable location to live with a wide range of amenities and transport links that would suit both families and the younger, trendier generation.

Tooting is expected to be next in line for rejuvenation as the property demand moves south along the Northern Line tube network away from the heavily priced Clapham and Balham markets. This has in turn attracted a number of high profile boutique restaurants, cafes and bars to provide that extra vibe. Tooting Bec Common, Wimbledon Park, Wandsworth Common & Clapham Common are some of London’s finest green spaces and Tooting is nestled amongst them for the enjoyment of its residents.

Proposed Cross-Rail 2 route

Tooting Broadway is also on the proposed CrossRail2 route connecting the north and south of London.

Crossrail2 proposed route

Tooting in the Press

Let’s move to Tooting, south London – The Guardian
Spotlight on Tooting – Homes & Property
Tooting postcode tops income list – Telegraph
Tooting Broadway Station part of Crossrail2 – Crossrail2
This information is available to members only. Please sign up or log in to see this information.
Sign up to InvestMembers Log In
This information is available to members only. Please sign up or log in to see this information.
Sign up to InvestMembers Log In
This information is available to members only. Please sign up or log in to see this information.
Sign up to InvestMembers Log In

Your capital is at risk. Returns may be variable and the value of your investment may go down as well as up.
There is no public compensation scheme covering poor investment performance.

Click here for Key Risks