No.10 Watkin Road 10 Watkin Road, Wembley, London, HA9 0NL PROJECT FACTSHEET ASIA PACIFIC, August 2020
NO.10 WATKIN ROAD No.10 Watkin Road is a striking new Barratt London development in Wembley, with excellent transport links to central London. It has received the `Build for Life’ accreditation – an independent hallmark of liveability, design and longevity – giving you confidence that the development will enable the highest quality of living for the long-term. Each spacious and light-filled home comes complete with its own balcony or terrace and is finished with floor-to-ceiling windows to maximise light. In addition, the development itself features five themed communal gardens, with children’s play areas and places to relax or enjoy leisure activities. Located in the borough of Brent, named `London’s Borough of Culture 2020’, this buzzing area is steadily becoming known for its cultural attractions, first-class shopping and green open spaces. And with bars, cafés and restaurants popping up on every corner, now’s the perfect time to invest in a new home.
THE VENDOR BARRATT LONDON TENURE 999 YEARS LEASEHOLD PRICING 1 BED: FROM £380,000 2 BEDS: FROM £528,000 EST NET INTERNAL 409 SQFT - 786 SQFT CAR PARK NOT AVAILABLE
LOCATION 10 WATKIN ROAD, WEMBLEY, LONDON, HA9 0NL
EST GROUND RENT PER ANNUM 1 BED: £350 2 BED: £375 3 BED: £425
WARRANTY 10 YEARS NHBC WARRANTY
EST RENTAL YIELDS 3.5% - 3.7%
UNIT TYPES 1, 2 & 3 BED APARTMENTS
LOCAL AUTHORITY BRENT COUNCIL
EST SERVICE CHARGE PER ANNUM 1 BED: £1,665 - £1,795 2 BED: £1,865 - £1,998 3 BED: £2,200 - £2,220
EST COMPLETION JUNE 2021 NO. OF AVAILABLE UNITS 1 BED: 25 2 BED: 23
Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 1 of 10
STRATEGIC LOCATION Brent Cross W OODBE R R Y DO WN
BRENT CROS S
N N o No ortth m b Weem We mb blle leey
Hampstead Heath
H OLL OW AY
Finchley Road
B R EEE NT PA RK W
CHALK FA RM
Regent's Park
K E NSAL GREE N
C LERKENWE L L Liverpool Street Tottenham Court Road Bond Street CITY OF LO N DON
Baker Street Ealing Broadway
Paddington
E ALING
MA YF AI R
WHITE CITY
Bank Waterloo
AC TO N
Hyde Park W ESTMINSTE R Victoria
KENSIN GT ON
LA MBET H PIMLIC O VA U X H A L L
CHISW ICK Battersea Park
Kew Gardens
FULHAM
BA TT E R SE A
Richmond
CL APHAM P UT N E Y
RICHMOND UPON THAMES
Clapham Common
W ANDSW OR TH
Richmond Park
BUS
WALK Wembley Park Underground Station
5 MINS
London Designer Shopping Outlet
12 MINS
Wembley Stadium Station
18 MINS
Kenton
30 MINS
Brent Cross
31
RAILWAY
UNDERGOUND
(From Wembley Stadium Station)
(From Wembley Park Underground)
Marylebone Station
12 MINS
Baker Street
13 MINS
Euston Rail Station
30 MINS
Bond Street
16 MINS
Clapham Station
45 MINS
King’s Cross & St. Pancras 21 MINS Waterloo
22 MINS
Paddington
24 MINS
Knightsbridge
27 MINS
*Traveling journey are approximate taken from googlemaps.com and tfl.gov.uk Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 2 of 10
AREA GUIDE
Boxpark Wembley
4 MINS WALK
Wembley Stadium
8 MINS WALK
Sky Bar 9 Hilton Hotel
9 MINS WALK
London Designer Outlet
12 MINS WALK
Fryent Country Park
7 MINS DRIVE
Neasden Temple
9 MINS DRIVE
Brent Reservoir
11 MINS DRIVE
*Traveling journey are approximate taken from googlemaps.com Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 3 of 10
TRANSFORMATION OF WEMBLEY PARK BEFORE
AFTER
THE TRANSFORMATION OF WEMBLEY PARK As an exciting community within 20 minutes of King’s Cross, Wembley Park is a celebrated leisure destination attracting over 11.5 million visitors per year. Its transformation, which costs over £1.7 billion of investment, is one of the largest regeneration projects in the United Kingdom. The regeneration began in 2003 and is due to be completed by 2027. Commercial uses will be focused to the west of the Stadium around the pedestrianised Wembley Park Boulevard and a quieter residential district is planned around a large new green open park. In addition to 7,000 new homes and over 8,000 new jobs, the project will also bring a new London square, a make-over to Olympic Way, plus new shops, restaurants and workspaces.
IN NUMBERS
7,000
200
630
8,000+
New homes to rent or to buy
Additional nursery places and a new crèche
Places in a new three-form entry primary school
New jobs will be created between now and project completion
Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 4 of 10
KEY SPECIFICATION
KITCHEN
EN SUITE
Individually designed contemporary kitchens with soft-close doors
•
Sottini brassware
and drawers
•
White semi-recessed wash hand basin
•
Colour choice of wall and base units*
•
Back-to-wall WC pan with soft-close WC seat
•
Matching worktops and full-height upstands
•
Concealed cistern and dual flushplate
•
Under-cabinet lighting
•
White shower tray
•
Stainless steel single bowl sink and chrome tap
•
Chrome shower doors
•
Fully integrated Zanussi appliances including single oven, ceramic hob,
•
Heated towel rail
dishwasher, fridge freezer and Electrolux extractor
•
Shaver socket
•
Porcelain floor tiles
•
Porcelain wall tiles
•
BATHROOM •
Sottini brassware
•
White semi-recessed wash hand basin
BEDROOM
•
Back-to-wall WC pan with soft-close WC seat
•
BT TV/FM connectivity to Bedroom 1
•
Concealed cistern and dual flushplate
•
Abingdon carpet to bedrooms
•
White acrylic bath
•
Bath screen and shower above bath (where no en suite)
•
Heated towel rail
GENERAL
Shaver socket
•
Video door entry
Porcelain floor tiles
•
BT TV/Sky Q/FM connectivity to living area
Porcelain wall tiles
•
CAT5e wiring from utility cupboard to living room media plate and
•
Superfast broadband (subject to subscription)
•
Flooring included to kitchen, lounge and hallways
• • •
Bedroom 1 TV point
*Subject to stage of construction Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 5 of 10
COUNCIL TAX BANDS 2020/2021 BAND A BAND B BAND C BAND D BAND E BAND F BAND G BAND H £1,096.54 £1,279.30 £1426.05 £1,644.81 £2,010.32 £2,375.84 £2,741.35 £3,289.62 https://www.brent.gov.uk/services-for-residents/council-tax/council-tax-charges/
ANTI-MONEY LAUNDERING (AML) DOCUMENTS REQUIRED FOR EXCHANGE OF CONTRACTS 1.
PROOF OF IDENTITY (PRIMARY IDENTITY DOCUMENTS) - COLORED PASSPORT / ID CARD
2.
PROOF OF ADDRESS (SECONDARY IDENTITY DOCUMENTS) - TWO (2) MONTHS OF UTILITY BILLS OR BANK STATEMENTS NO OLDER THAN THE LAST THREE (3) MONTHS NOTE: MOBILE TELEPHONE BILLS AND CREDIT CARD STATEMENTS ARE NOT ACCEPTABLE
3.
PROOF OF FUNDS / SOURCES OF WEALTH (TO BE ADVISED BY PURCHASER SOLICITOR ON A CASE-BY-CASE BASIS) - E-BANK STATEMENTS NO OLDER THAN THE LAST SIX (6) MONTHS - EVIDENCE OF HOW FUNDS WERE ACCUMULATED (PAYSLIPS, PROPERTY SALE PROCEEDS; INHERITANCE; SALE OF SHARES OR ANY OTHER DOCUMENTATION THAT REASONABLY SHOWS THE SOURCE OF YOUR FUNDS AND HOW THESE HAVE BEEN ACCUMULATED) *SHOULD THE PURCHASER SOLICITOR DID NOT MEET PURCHASER INDIVIDUAL(S) IN PERSON, CERTIFIED TRUE COPIES FOR (2)+(3) HAVE TO BE PROVIDED / ORIGINAL DOCUMENTS MUST BE COURIERED TO PURCHASER SOLICITOR.
PAYMENT TERMS AMOUNT PAYABLE (£)
DUE BY
Non-refundable reservation fee of £1,000*
Upon booking of unit
10% of the purchase price (less £1,000)
Upon exchange of contracts, within 21 days of reservation
Balance 90% of the purchase price
On completion
*Withholding Reservation Fee. If a reservation fee is paid via OGPS payment gateway (PayPal, Bank Transfer), it will be returned to Purchaser upon full payment of 1st deposit by Purchaser (with confirmation from Vendor’s solicitor) after exchange of contracts.
STAMP DUTY LAND TAX (SDLT) BRACKETS
STANDARD RATE
BUY-TO-LET / 2ND HOME RATE
< £125,000
0%
3%
£125,001 - £250,000
2%
5%
£250,001 - £925,000
5%
8%
£925,001 - £1,500,000
10%
13%
> £1,500,000
12%
15% Source: https://www.gov.uk/stamp-duty-land-tax
CONVEYANCING FEES (LEGAL FEE SUBSIDY / INCENTIVE OFFER) Contact our sales professional for more information.
*The above information is correct at the time of issue Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 6 of 10
ONE GLOBAL PROPERTY GUIDE CAN FOREIGNERS OWN A PROPERTY IN UNITED KINGDOM? YES. WE WILL GUIDE YOU HOW.
STEP
A STEP-BY-STEP GUIDE TO PURCHASING NEW BUILD PROPERTY IN UNITED KINGDOM
1
CHOOSE A UNIT
STEP
LOOK FOR OGPS BROKER AND SELECT A UNIT OF YOUR CHOICE
2
BOOKING ONCE YOU HAVE DECIDED ON A PURCHASE, RESERVE IMMEDIATELY TO AVOID DISAPPOINTMENT! NOTE: IT IS MANDATORY BY CEA’S REGULATORY REQUIREMENTS THAT PURCHASERS HAVE TO ACKNOWLEDGE A WRITTEN ADVISORY ON THE PURCHASE OF FOREIGN PROPERTIES FOR EVERY TRANSACTION.
STATE YOUR TERMS AND CHOICE OF UNIT ON AN OGPS’ OFFER
STEP
TO PURCHASE FORM
3
COMPLETE RESERVATION FORM WHEN VENDOR AGREES TO MAKE A DEAL
EXCHANGE OF CONTRACT
PURCHASER TO APPOINT REPRESENTING SOLICITOR AND SIGN CLIENT CARE LETTER.
(LEGALLY BINDING)
SCENARIO A: IF EXCHANGED WITH SOLICITORS ON SITE • PURCHASER’S SOLICITOR WILL UNDERTAKE REQUIRED CHECKS AND PROVIDE A LEGAL REPORT.
STEP
SCENARIO B: IF EXCHANGED WITHOUT SOLICITORS ON SITE WITHIN 21 DAYS FROM EXCHANGE OF RESERVATION: • PURCHASER’S SOLICITOR WILL UNDERTAKE REQUIRED CHECKS AND PROVIDE A LEGAL REPORT. • PURCHASER SHALL SIGN THE CONTRACT AND AN EXCHANGE AUTHORITY LETTER TO INSTRUCT THEIR SOLICITOR TO EXCHANGE CONTRACT.
4
COMPLETION
PAY A NON-REFUNDABLE RESERVATION FEE
WITHIN 21 DAYS FROM EXCHANGE OF CONTRACT: PURCHASER TO TRANSFER EXCHANGE DEPOSIT TO THEIR SOLICITOR’S GIVEN BANK ACCOUNT.
(WHEN THE PROJECT IS COMPLETED)
WITHIN 21 DAYS FROM NOTICE OF COMPLETION: • PURCHASER TO MAKE BALANCE PAYMENT OF PUR CHASE PRICE, SERVICE CHARGES FOR APARTMENT AND CARPARK (IF APPLICABLE). • PURCHASER TO SIGN AND RETURN THE LEASE SENT BY SOLICITOR.
WITHIN 30 DAYS FROM COMPLETION: • PURCHASER HAS TO PAY APPLICABLE STAMP DUTY LAND TAX (SDLT). • PURCHASER’S SOLICITOR WILL ASSIST WITH THE CHANGE IN OWNERSHIP OF THE PROPERTY AT THE LAND REGISTRY, A LAND REGISTRY REGISTRATION FEE IS PAYABLE.
CONGRATULATIONS AS A PROUD OWNER!
Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 7 of 10
VENDOR’S SOLICITOR
RECOMMENDED PURCHASER’S SOLICITOR
RECOMMENDED LETTINGS & MANAGEMENT
WINCKWORTH SHERWOOD 5 MONTAGUE CLOSE LONDON SE1 9BB
RISEAM SHARPLES 2 TOWER STREET LONDON WC2H 9NP
LIFE RESIDENTIAL UNIT 1508, 100 QRC QUEEN'S ROAD CENTRAL, HONG KONG
LOUISE ABRAHAMS labrahams@wslaw.co.uk T: +44 (0) 20 7593 5054
CLIVE SHARPLES cas@rs-law.co.uk T: +44 (0) 20 7632 8906 M: +44 (0) 7881 920929 F +44 (0)20 7632 8916
PATRICK KENEVAN patrick.kenevan@liferesidential.co.uk M: +852 5631 5626
Note: These particulars are compiled with care to give a fair description but we cannot guarantee their completeness, accuracy or timeliness and they do not constitute an o"er or contract. This Fact Sheet has been created in line with the original brochures and therefore the developer reserves the right to alter any specifications and floor plan layouts without prior notice. Kindly note that this Fact Sheet may contain typographical errors or inaccuracies and may not be complete or current. One Global Property Services reserves the right to correct any errors, inaccuracies or omissions and to change or update information at any time, without prior notice. Date of Production on 27 Aug 2020. page 8 of 10
CK Global Property Limited Website: https://ckhouse.com
Address: Rm 1636, 16/F, Office Tower 1, Grand Plaza, 625 639 Nathan Road, Kowloon, Hong Kong Tel: (+852) 2157 3733