Discover how 43 YPC clients cleaned up in London's south, and how you can still join them...
Investors will be extremely pleased with last Thursday's reveal of the dynamic new vision for Croydon's Whitgift Centre and its regeneration of the nearby areas.
Two of the world's largest property developers are now battling it out to win the prestigious £1bn re-development contract to build a super-size shopping quarter over 1.6 million sq ft.
In one corner, we have Australian developer, Westfield, who in the last 4 years, have redefined London's shopping landscape with Westfield London and Westfield Stratford, driving a substantial boost to London's economy.
In the opposite corner, we have Hammerson, a FTSE 100 company who's portfolio includes Brent Cross, North London; Bullring, Birmingham; Oracle, Reading; and Centrale, Croydon.
More than just a shopping centre...
Their plans for the quarter will incorporate the Whitgift Centre site, Centrale shopping centre and North End to create shops, restaurants, homes, a hotel, five public squares and new car park. This will help generate a whopping 5,000 jobs for the area.
But this is not the only rewarding benefit of Croydon, as it's already had £3.5 billion injected to re-develop the area; strengthening the community, growing the economy and increasing job prosperity. Together with the Whitgift Quarter, it's going to deliver a total of 7,500 new jobs. All the important 'Good Solid Fundamentals' are already in place for capital growth and tenantability!
Prices on the up?
Regardless of which of the two heavyweights wins the contract there is every reason to be invest in the area. A recent report shows how the opening of the Westfield shopping centre in Shephards Bush in October 2008 has had a significant impact on the surrounding areas and has influenced trends in the local markets despite the global economic and property market decline.
'Prices in Shephards Bush and surrounding areas are up 5% on the 2007 peak in contrast to average property prices across London being 2.3% down on the 2007 figures'
Planning applications will be submitted later this year for a final decision on who will take on the re-development project from the Mayor of London and its council. Whoever wins the contract, it promises to be exciting times for this key area of London.
If you want to join our other clients and be a part of this extremely successful area of London - here's the perfect off plan investment opportunity for you...
Introducing Saffron Square, a stunning collection of 1, 2 and 3 bedroom apartments and penthouses which are both striking and contemporary in design; located within Croydons exciting new destination. Strikingly modern architecture will surround a new landscaped area complete with water features, shops, cafés, bars and exciting new places to dine. Including a 24 hour concierge and a state-of-the-art residents only gym.
More pictures on the development page!
Due for completion in 2014 and designed by multi award-winning developer, Berkeley Homes. It has been talked about as being an 'exceptional and cutting edge' iconic landmark for Croydon, and will be perfectly placed to capitalise on the re-development you will see in Croydon.
Our original allocation had been snapped up - HOWEVER...
After much toing and froing, the developer has agreed to allocate us 4 more 1 and 2 bed apartments in this development at an exclusive YPC member only special price. All complete with chrome finishing, underfloor heating, wireless and digital ready and a 10 year warranty cover under NHBC Buildmark scheme.
6 + 1 Great Reasons to Invest
1) You will achieve a fantastic positive cash flow of £367pcm delivering a great yield of 6%
2) 7,500 new jobs being created meaning greater demand for properties
3) 6 Universities within 30 mins = even more tenants
4) Up to 27 trains an hour providing direct access to London Victoria and London Bridge in less than 20 minutes. Perfect for the commuter
5) Croydon is a major financial hub being home to the headquarters of many global and FSTE companies including AIG, Nestle and Direct Line creating a high blue chip rental demand
6) Our 89 point due-diligence checklist means that all the hard work is done for you! All you need to decide is if this investment is the one for you
+1) Prices are still lower than the 2007 peak and rental values are rising combine this with the YPC member exclusive pricing and you will be in a great position to take advantage of the upturn in the property market
There are only 4 available at Saffron Square so dont miss out on the opportunity to add one of these fantastic off plan properties to your portfolio. For more information call your Property Consultant NOW on their mobile or on +44 (0)207 812 1255.