Property description
GUIDE PRICE: £940,000 - £975,000
Located on the ninth floor of this prestigious canalside development built by the architects of the Burj Khalifa, this two-bedroom apartment will appeal to residents and investors alike. Located in the middle of Zone 1 property hotspots Clerkenwell, Islington and Old Street, this property offers immense capital growth potential.
Featuring City views from a 270-degree panoramic living room, the apartment will be popular with professionals working in the City and tech entrepreneurs from the Silicon Roundabout. This development has great facilities including: 24 hour concierge, private residents spa with pool, sauna and steam room and residents lounge.
From the Lexicon, you can take a peaceful walk along the canal, to St Pauls and the City, to the hip restaurants of Shoreditch and Islington, and to work if you work in the City or Moorgate / Barbican. It is 10 minutes walk from Old Street and Angel tube stations (Angel is on the proposed Crossrail 2 route). It is also walking distance to the Farringdon hub, also an upcoming Crossrail station.
**Images are representative illustrations only, not of actual property**
This is an opportunity to purchase the pre-exchanged contract of an off plan property for a lower than market value.
This is a contract sale so the seller is selling their contract on a property that is not yet completed. The property is currently valued at £1,000,000 - 1,100,000 (once completed), and the asking price for the contracts is £950,000
1) Agreed Price £950,000
2) Deposit on exchange of £212,800
3) Balance to the developer on completion of £737,200
Once the property has been completed you will be obligated to complete the purchase of the contract from the developer at the sum of £737,200. If you are looking to raise a mortgage for the purchase, please ensure you satisfy yourself with regards the availability of finance on completion as you may be contractually liable to complete BEFORE applying for finance.
Property Features :
- Large 882sq ft 2-bed 2-bath apartment
- 9th floor with views of the City
- Zone 1 location in City Fringe
- Spa, gym, resident´s lounge, concierge
- Brand new off-plan new-build apartment
- Walking distance to Moorgate &Farringdon
- 10min walk to Old Street and Angel tube
- Completion summer 2016