Phase 2 The Fitzrovia Apartments50 Bolsover Street London W1W
The DevelopmentDeveloper Manhattan Loft Corporation Ltd and Ridgeford PropertiesArchitect HOK ArchitectsLocal Authority City of WestminsterTenure Leasehold - 125 years (apartments)Ground Rent 1 bed - £250, 2 bed - £300, 3 bed - £350, 4 bed - £400 p.a.Building Insurance 10-year NHBC WarrantyCompletion Phase 2 - Q4 2012 (Phase 1 Complete and Fully Sold)Development New build construction on the site of a former hospital. Construction due to begin on Phase 2 in Q4 2010.No of apartments Phase 2 comprises 44 apartments. Including Phase 1, there are 70 private apartments in total . There will also be approximately 29 underground car spaces available with some three bedroom and penthouse apartments.Service Charges Estimated service charges equate to approximately £5.00 per sq.ft. These will cover maintenance, staffing and insurance charges.Projected Rental Return Approximately 4.5%Payment Terms Reservation fee £2,500 10% deposit on exchange of contracts (less reservation fee) 10% stage payment 12 months thereafter Balance of 80% on completionUnique Selling Points Located in the heart of the West End and on the doorstep of fashionable Marylebone. There is a wide choice of retail, leisure, arts and education amenities within walking distance. Phase 2 apartments will be finished to an exceptionally high standard and on completion purchasers will enjoy the full benefits of the completed development to include car parking for some apartments and a landscaped courtyard garden. We anticipate few future residential development opportunities in comparable W1 locations due to planning restrictions and an absence of sites with development potential.Location and Transport Situated adjacent to Great Portland Street underground station giving access to the Circle/Metropolitan Line - 3 stops to Paddington (Heathrow Express) and 2 stops to King’s Cross/St Pancras (Eurostar). The development is approximately 5 minutes walk from Oxford Street to the south and Marylebone High Street to the west. Regents Park is approximately 200m to the north.Amenities On-site day time porter/concierge with 24 hour security. There will be an ornamental central courtyard with water features as well as cycle storage and underground car parking to selected apartments.Floor Area One Beds from 543 sqft Two Beds from 858 sqft Three beds from 1,147 sqft Penthouses from 2,700 sqft
SpecificationExternalsThe facade to streets is clad in Caliza Capri limestone and zinc panels at high level where the façade line sitsback from the street. The balcony bays are clad in anodized aluminium and the windows are double glazedwith powder coated aluminium frames. The balconies and terraces are finished with hardwood decking.The courtyard façade is clad with zinc panels.Entrance LobbyThe residential apartments are accessed via a high specification double height entrance lobby looking directlyinto the landscaped courtyard.Common PartsThe common parts are decorated with a series of artworks by the celebrated photographer Peter Lavery.The walls are finished in a silk effect wall covering and the floors will be carpeted.DoorsWalnut veneer flush entrance door with chrome ironmongery and 5 lever lock. Internal doors are walnut veneerwith white painted frames, architrave and skirting.FlooringEntrance halls and living area floors are finished with walnut engineered timber flooring. The bedrooms arecarpeted. There is sound insulation and screed under the floor finishes, to meet the relevant buildingregulations.FinishesAll walls are to receive a white paint finish, in preparation for purchaser’s interior specification.Kitchens • Fully fitted handle-less kitchen units with a white matt lacquer finish • Colour-backed full height glass splash back above 20mm thick blizzard white Caesar Stone worktop • Concealed low-energy lighting under the cupboards • Under-mounted stainless steel sink with draining carved into the stone worktop Appliances by Gaggenau or Siemens: • Stainless steel built in/under oven • Induction hob set flush to work top • Stainless steel extractor hood • Stainless steel built in microwave • Fully integrated dishwasher • Full height integrated fridge/freezer • Integrated washer/dryer or where space permits in the design of the apartments there will be separate washing machine and tumble dryer.Bathrooms • White sanitary ware from the Philippe Starck range by Duravit or similar • Wall mounted WC with a concealed cistern • Enamel baths by Kaldewei and with chrome fittings by Hansgrohe or similar • A steam shower in each apartment
• Porcelain 600 x 300 mm tiles to walls and floors • Mirrored storage cupboards above the hand basins and storage cupboards beneath.WardrobesModular wardrobe system by TM Line with integrated lighting.Mechanical services • Wall or ceiling mounted fan coil units providing comfort cooling and heating to all bedrooms and principal rooms. • Under floor heating to all bathrooms.IT/ Audio Visual • All apartments hard wired for Terrestrial TV + Satellite TV with a data and telephone line, ensuring all apartments have connectivity for audio visual and data link requirements.The residents will have the capability of: • Moving their phone to different locations; • Plugging in their laptop with Broadband access in any room (including kitchen); • Watching TV, video or satellite pictures in any room.Post completion the purchaser is able to purchase home entertainment packages that will allow them to: • Enjoy full 5.1 Home Cinema with plasma; • Listen to music in additional rooms including en-suite; • Relocate all the black boxes normally situated under the TV into a central cupboard; • Access their music library from a centrally located digital jukebox; • Plug an i-pod into a wall socket and listen to it through recessed in-ceiling speakers; • Brushed stainless steel sockets and switches.Lighting • Predominantly wall lighting with recessed down lighters in some of the kitchens. • 5 amp circuit to living rooms.MeteringAll M&E plant is centralised. However, each apartment is fitted with its own hot and cold water meter, electricmeter and a meter for heating/cooling.Security • Video entry phone and door bell; • CCTV cameras at ground floor covering the street level and corridors.
Important notice1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s).2. Photos etc: The images and photographs are representative only or show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.3. Please note that the specification continues to be updated and refined. Therefore the information above is liable to change and does not form part of a sales contract. An updated specification will be made available to purchasers through the solicitors. March 2010.4. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.5. VAT: The VAT position relating to the property may change without notice.Knight Frank LLP is a limited liability partnership registered in England with registerednumber OC305934. Our registered office is 55 Baker Street, London, W1U 8AN, where youmay look at a list of members names.
The Fitzrovia Apartments, 50 Bolsover Street W1 Phase 2 Price List Unit No Accommodation Net Saleable Area Floor Premium Asking Price Outside Apartment space Beds M² FT² G-01 Ground 1 Patio 52.8 568 £775,000 G-02 Ground 1 Patio 50.6 545 £750,000 4-05 Fourth 3 Balcony 148.6 1,600 £2,250,000 4-06 Fourth 3 Balcony 179.0 1,927 Y £3,100,000 4-08 Fourth 3 Balcony 184.7 1,988 Y £3,200,000 5-01 Fifth 2 Balcony 82.4 887 Y £1,375,000 Reserved 5-04 Fifth 3 123.4 1,329 Y £2,000,000 5-05 Fifth 3 Balcony 155.2 1,671 £2,350,000 5-06 Fifth 3 Balcony 97.0 1,044 Y £1,695,000 5-08 Fifth 2 Balcony 77.0 829 Y £1,350,000 5-09 Fifth 2 Balcony 79.7 858 Y £1,375,000 5-10 Fifth 2 84.3 907 Y £1,350,000 6-01 Sixth 2 Terrace 123.4 1,328 Y £2,350,000 6-02 Sixth 3 Terrace 178.3 1,920 Y £3,350,000 Reserved 6-04 Sixth 1 Balcony 49.0 527 £850,000 Reserved 6-06 Sixth 3 Terrace 135.5 1,458 Y £2,600,000 Secure underground parking available separately. Our views on price are not intended as a formal valuation and should not be relied upon as such. No liability is given to any third party and the figures suggested are given purely as guidance and are liable to change. 6th October 2011.