Wharf Life's Property Supplement, Nov 15-29, 2023

+ Is it time to rent a pub on the Isle Of Dogs?

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Nov 15-29, 2023 wharf-life.com

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buyers at Legal And General Affordable Homes’ East River Wharf are set to get access to Riverscape’s Sky Lounge and a whole lot more Page 18 Property in Canary Wharf, Docklands, east London buy - rent - invest - interiors - commercial

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£4,843

Minimum deposit on a 25% share of a one-bedroom home at East River Wharf

how shared ownership flats at Legal And General Affordable Homes’ East River Wharf offer an escape from pricey rents “Our one-bedroom homes start at £387,500, meaning a 5% deposit on a 25% share at £96,875 would be £4,843. he rental market is on “That feels do-able for people.

Jen Cobley’s mind.

The mortgage market is currently Right now, for the head very stable and there are lots of of sales at Legal And lenders offering 95% mortgages General Affordable right now.

Homes, it’s proving a “On that one-bedroom fertile source of shared ownership apartment, you’d be looking at buyers. The company is currently monthly outgoings of just over delivering East River Wharf, part £1,500. I’ve spoken to a considof Ballymore’s Riverscape scheme erable number of people renting in Royal Docks and is finding studio flats in the surrounding its offering is attracting tenants area for £1,800-£1,850 per month.” under pressure from rising rents.

Legal And General has taken on “We launched the development four buildings at Riverscape, with in July and the sales rate has been apartments in two of them for sale really good – there’s a fantastic on a shared ownership basis. The appetite for the scheme,” said Jen. others will be let to tenants on an “The key reason for that is affordable rent basis. because the area is very popular One, two and three-bedroom with renters. What we’re seeing is apartments are available to buy at that landlords have pushed prices the scheme, which is essentially up and that’s prompted people to an extension of the Royal Wharf look at alternatives. development on the Thames “At East River Wharf some between West Silvertown people will be moving into one-beds, having and Pontoon Dock DLR moved out of stations. The neighrented studios at bourhood has its Royal Wharf, for own pier served by the Uber Boat substantially less

By Thames of a monthly Clippers river outlay. bus and is “That also within walking means, of distance of the course, that they have got a foot Elizabeth Line. on the ladder.

It will benefit “It’s been a significantly from Jen Cobley really positive start a planned new bridge in a turbulent market. across Royal Victoria Dock, part of the ongoing regenerShared ownership has been less ation of Silvertown, which will affected by this as higher interest make this journey even easier, rates don’t have as great an effect putting it within about 20 minutes because the portion of the propof Canary Wharf. erty under mortgage is typically Legal And General is set to host much smaller. an open day at East River Wharf, “The other thing about shared from 10am-4pm on December 2, ownership is that people can for anyone interested in buying think long-term. While interest a shared ownership property or rates may be shocking right now, who would like to know more if you’ve bought a 25% share, about the scheme. you will be in a better position Jen said: “At our event we financially than someone with a have a fantastic sales office and mortgage on 90% of a property. apartment to show people. We’re “This means when interest rates in the very fortunate position to stabilise, it will then be easier be taking control of a lot of the for people to staircase and buy a units we’re selling quite soon. larger share of the property, right “We have one, two and up to 100%. three-bedroom apartments that “It’s also the deposit levels. people can see, unfurnished too While buying outright might be and a team of sales consultants on some people’s agendas, when who would be delighted to meet you think about what 5% or 10% with potential purchasers or of the full value of a property anyone who just wants to know actually looks like, it is out of a little bit more about shared reach for most people. ownership.

“Shared ownership requires a “We’ll also have an indemuch lower initial outlay. At East pendent financial advisor on River Wharf, you are looking at a hand, for anyone who would like deposit of just under £5,000.

by Jon Massey

T

East River Wharf is located in Royal Docks in the Riverscape scheme between Lyle Park and Royal Wharf

What we’re seeing is that landlords have pushed prices up and that’s prompted people to look at alternatives Jen Cobley, Legal And General

to discuss accessing a mortgage.

We really are ambassadors for the tenure rather than just our brand – we’re more than happy to have wider conversations about affordability and ways people can buy properties.

“Shared ownership is not just for first-time buyers. If you have a property that’s sold, subject to contract we can take an application from you.

“If you’ve previously owned a property and have left the market then we’re also an option for you.

“We see people coming to us in a wide variety of situations, whether they are looking to buy their first home, relocating after a divorce or dealing with a change in circumstances. It’s really open to all as long as you meet the eligibility criteria.”

Buyers at East River Wharf will get access to a wide range of facilities with the vast majority already up and running.

“In terms of the apartments at East River themselves, the quality is on a par with Ballymore. That’s a real key selling point for us.

“Everything has outdoor space – either a balcony or a terrace and they are, of course, in a fantastic location. Buyers also get access to all the Royal Wharf facilities.

There’s a real sense of community with the clubhouse.

“Something I’m really excited about is the Sky Lounge, which will be on the 16th floor of one of Riverscape’s buildings. It’s due to open next year and will be a business lounge with far-reaching views across to Greenwich and Canary Wharf – a place to meet neighbours and collaborate with guests. There’s also a concierge service that oversees the seamless running of the estate too.”

Go to landgah.com for more details

Scan this code to find out more about East River Wharf

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Property + Planning

less living for

The apartments are finished to a high standard and all come with either a terrace or a balcony

Show home interiors offer a vision of how buyers can live at East River Wharf

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£5

Cost of tickets per person for the screening of Frozen and the gingerbread making. Proceeds go to local homeless charity Your Place

Goodluck Hope is set to host a trio of festive activities on December 2 including gingerbread making

a festival of seasonal fun in Leamouth how Goodluck Hope is hosting a day of festive events as December arrives

by Jon Massey

P

roperty developer Ballymore is set to sprinkle a little festive sparkle on its Goodluck Hope development on December 2.

The Leamouth scheme will play host to a trio of festive events with all proceeds going to local homeless charity Your Place (formerly Caritas Anchor House) in Royal Docks.

Inevitably, the development’s

cinema will host two screenings of Disney seasonal powerhouse Frozen at 2pm and 4pm. Tickets cost £5 including a box of popcorn. Numbers are limited to 28 per screening and all children must be accompanied by an adult.

Also costing £5 per person, the scheme will be hosting Festive Gingerbread Making Workshops.

Tickets include entry, drinks and snacks as well as a branded apron and box to take away any goodies created. Sessions are for 12 people and take place

at 3pm and 4.15pm. Lastly, the London Docklands Singers will be performing carols at Orchard Dry Dock with mulled wine from Taylor’s of Goodluck Hope from 5.15pm to 6pm. This activity is free to attend.

Go to eventbrite.co.uk for more Scan this code for more or to book tickets online for the festive events

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Property

£67,500

Annual rent for the pub space that once housed the Pier Tavern on Manchester Road An artist’s impression of how the pub could look with a new tenant in place

reborn as a

by Jon Massey

W

hat will become of the former Pier Tavern on the Isle Of Dogs?

Following redevelopment work to create nine residential homes, the commercial parts of the property remain vacant, at the time of writing.

Estate agency Strettons is currently marketing the historic building’s ground floor and basement for use as a pub following completion of work to create the new apartments.

Extending to some 3,644sq ft, the unit has been left in a “shell and core” state with an asking rent of £67,500 per year – that’s £5,625pcm – as a pub or for use by a community group.

Locally listed, the building was one of few Victorian structures to survive the bombing during the Second World War with its list of licensees dating back to at least 1865 when William Malpas was in charge of the beer.

In 2013, it became a pizza restaurant called Mourinho’s before closing for the recent redevelopment. Architects Rivington Street Studio from Bromley-By-Bow, created the design for JCS Developments, with work concluded in June last year.

Since then, the pub space has been empty, begging the question whether anyone will take it on. Granted, recent years have not been kind to the hospitality sector and it may be that an

hole for the Island? how the former Pier Tavern on Manchester Road is available for use as a pub once more following property redevelopment

operator is just waiting for the current economic climate to stabilise before swooping in and trying something out.

The Isle Of Dogs has a long history of decline in terms of pubs closing, with only The Ship, The Ferry House,

The Lord Nelson, The Tooke Arms, The George and The Waterman’s Arms still trading. With the exception of the latter two, all are located on the western half of the Island, with only limited hospitality options along the whole east side.

The tide may be turning for pubs locally, however. Far East Consortium’s Consort Place includes provision for the refurbishment and reopening of The North Pole in Manilla Street.

While numerous establishments have now gone from the area forever – notably The Cubitt Arms, close to the Pier Tavern which was converted into flats – the fact that the developer is continuing to market this Manchester Road property as a going concern,

breeds hope. Suffice to say it’s closer to Mudchute DLR station than to Island Gardens – as the sales materials would have us believe – but perhaps there is room for a reborn pub close to the park and farm.

The Pier Tavern, at 299 Manchester Road is on the market with Strettons in Leytonstone. Those interested in a viewing should contact Abas Anwar on 07803 850 230.

Go to strettons.co.uk for more information

Scan this code to find out more about the pub listing

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Time is of the essence when you are buying or selling a property.

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Crossword - Sudoku

Sudoku

Take a break from that phone How to play To complete Sudoku, fill the board by entering numbers one to nine such that each row, column and 3x3 box contains every number uniquely.

More to play You can find more Sudoku puzzles and a wide selection of other brainteasers available to download for free at puzzles.ca last issue’s solution Nov 1-15

Notes

crossword beating the

Cryptic Across

Down

1.

1.

Terpsichorean fracture? (12) 7. Sounds like fashionable fence crossing (5) 8. Kingdom for genuine Bond controller? (5) 9. Relations mess up the writing fluid (3) 10. Rural god silently produces seasonal show (9) 11. Visible encouragement, homophonically? (6) 12. Thanks for the music – will cost you (6) 15. Taunt Lara with a spider, maybe (9) 17. Unwell like this, we hear (3) 18. Say an African lake, confusingly (5) 19. My assessment makes me angry (5) 21. I find entryphones make my blood boil! (12)

whether you’re cryptic sleuth or synonym solver in it for quick wins, this should satisfy

Quick Across

1. Animal stuffers (12) 7. Country estate (5) 8. French apple (5) 9. Fork out (3) 10. Cunning (9) 11. Planetarium (6) 12. Greek goddess (6) 15. Word-endings (9) 17. Tree (3) 18. Vibrate (5) 19. Head of monastery (5) 21. About a life (12)

Slanting proscription in credit (12) 2. Important musical scale? (3) 3. Confusing benefit as you get older, for example (6) 4. Pasta dish for a good vehicle? (9) 5. Sounds like military canteen is not up to much (5) 6. This atomic particle is less than good (12) 7. The sound of a jumble of coins? (5) 10. Leader consumed food powerfully (9) 13. I go to law with a problem, sort of (5) 14. It’s odd you don’t have to queue (6) 16. Prepared to peruse? (5) 20. This girl is not the definite article! (3)

Down

1. Call centre workers (12) 2. Lair (3) 3. Repeats (6) 4. Pressed upon (9) 5. Musical times (5) 6. About the earth (12) 7. Civic leader (5) 10. Large holdall (9) 13. Perform (5) 14. Canadian capital (6) 16. Persian language (5) 20. ___ Humbug! (3) Set by Everden

Across: 1 Breakdancing; 7 Style; 8 Realm; 9 Kin; 10 Pantomime; 11 Incite; 12 Tariff; 15 Tarantula; 17 Sic; 18 Nyasa; 19 Irate; 21 Hypertension.

Down: 1 Blacklisting; 2 Key; 3 Ageing; 4 Carbonara; 5 Naafi; 6 Imperfection; 7 Sonic; 10 Potentate; 13 Issue; 14 Quaint; 16 Ready; 20 Ann.

Cryptic Solution Across: 1 Taxidermists; 7 Manor; 8 Pomme; 9 Pay; 10 Conniving; 11 Orrery; 12 Athena; 15 Inflected; 17 Ash; 18 Throb; 19 Abbot; 21 Biographical.

Down: 1 Telephonists; 2 Den; 3 Reruns; 4 Imprinted; 5 Tempi; 6 Geographical; 7 Mayor; 10 Carpetbag; 13 Enact; 14 Ottawa; 16 Farsi; 20 Bah.

Quick Solution

Notes