Imperial Wharf - Property on the Thames


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Situated on the north bank of the River Thames, this Imperial Wharf development is within easy reach of Chelsea’s prestigious King’s Road and Knightsbridge and offers a peaceful contrast to the fast pace of the city, whilst living in property on the Thames.

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Imperial Wharf - Property on the Thames

  1. 1. Knight Frank riverside imperial wharf INSIGHT Knight Frank Situated on the north bank of the River Thames, this impressive development is within easy reach of Chelsea’s prestigious King’s Road and Knightsbridge and offers a peaceful contrast to the fast pace of the city. What property types are available and what do they cost? Imperial Wharf is one of the newest and largest developments in Fulham and construction work on the final phase is approaching completion. Knight Frank is involved in the sale of the recently released phases - Chelsea Creek and Octavia House. The development comprises a range of properties, from affordable studio apartments through to large, Imperial Wharf four-bedroom penthouses. Many of the properties have either direct river views or pleasant garden views over the recently finished landscaped communal gardens. What are the transport links like? The development has its own train station which provides a direct link to Clapham Junction to the south and West Brompton to the west, both of which enable commuters to access various lines on the Lettings Advice for Investment Landlords Knight Frank are confident that we can underground network. Commuters are also served by a number of bus routes that stop near the development and the river taxi which stops at nearby Chelsea Harbour . Why would you want to live there? Imperial Wharf is the definition of a lifestyle development. Residents benefit from the convenience of make the lettings process simple and having everything in one place, from the on-site shop to the wine store, bars and restaurants. The rewarding for our overseas landlords. development also features secure underground parking, a 24-hour concierge service and a playground. We will be on hand before the tenancy to The traffic-free environment with 10-acre landscaped parkland make for the perfect setting and those who ensure the best advice on presenting and choose to live here will benefit from both a superb quality build and fantastic views at a fair price. pricing your property to let in the current Being such a short distance from the thriving shopping and social scene in Chelsea make it an ideal market. Once your tenants move in, all choice for young professionals. day-to-day matters will be handled by your Do you tend to have shorter void periods here than elsewhere? dedicated property manager. In order to Imperial Wharf is one of the most popular developments in the area due to the amount of city workers and prepare your new property for lettings, you corporate tenants and it rarely experiences void periods. need to consider many factors that we can Does it command higher rents than other developments? advise on. We have achieved excellent rents in the past few years, often higher than other local developments and resulting in an average yield for the Imperial Wharf of 4.5%, considerably higher than most other developments in Chelsea. Are there any plans in the pipeline for the area? Talks of building a pier outside Imperial Wharf are at an advanced stage. This would allow the Thames River Taxi to dock outside, providing a fantastic alternative way of getting to the city. The river taxi runs from Putney Bridge to Blackfriars and would stop at Imperial Wharf along the way. This would allow access to Blackfriars within 30 minutes. Riverside lettings market at a glance Figure 1 Figure 1 What do our applicants want to spend? Market activity New applicants, last 12 months Last 3 months, year-on-year change 9% 7% 3% Tenancies agreed 41% New property available 60% Change in rents, last 3 months 3.6% New instructions, last 12 months 8% 11% 16% 117% Viewings What is coming to the market? 14% Prospective tenants registered Figure 2 35% 36% 38% 10% 19% 7% Under £350 £350 to £500 Under £350 £350 to £500 £500 to £750 £750 to £1,000 £500 to £750 £750 to £1,000 £1,000 to £1,500 Over £1,500 £1,000 to £1,500 Over £1,500 Page 1 of 2
  2. 2. Knight Frank riverside imperial wharf INSIGHT Knight Frank Charting the market Figure 5 140 130 Quarterly, last 5 years 6% Prime Central London Prime Outer London Prime Surrey 5% 4% 120 3% 110 2% 100 1% Ju n- De c- 0% c06 Ju n07 De c07 Ju n08 De c08 Ju n09 De c09 Ju n10 De c10 90 De Tenants 2.0% 4.9% 3.6% 26.5% 1.4% 2.9% 10.7% 2.1% 0.6% 45.3% 06 Ju n07 De c07 Ju n08 De c08 Ju n09 De c09 World region Africa Asia Australasia Europe India Middle East North America Russia & CIS South America UK Prime London residential gross yields Quarterly, last 5 years (Dec 2005 = 100) 10 Prime Lettings, last 12 months Figure 6 Prime residential rents, indexed 10 Nationality of Knight Frank tenants De c- Figure 4 Riverside properties and the Knight Frank team Stunning two bedroom apartment Perfect city living Let Let 2 bed Asking rent: £700pw 2 bed Asking rent: £725pw Consort House Consort House Larger than average Superb two bedroom Let To Let 2 bed Asking rent: £625pw 2 bed Asking rent: £625pw Consort House Greensward House Two bedroom with lovely views Three bedroom with direct river views To Let To Let 2 bed Asking rent: £675pw 3 bed Asking rent: £900pw Aspect Court Monarch Point Knight Frank Riverside Lettings 020 7590 2450 60 Sloane Avenue, London SW3 3DD Mark Howell Liz Harrall Riverside Lettings Fulham Lettings If you have any queries or would like to obtain additional information on the UK or international housing markets please contact: Liam Bailey, Head of Residential Research, +44 (0)20 7861 5133, © Knight Frank LLP 2009 - This report is published for general information only. Although high standards have been used in the preparation of the information, analysis, views and projections presented in this report, no legal responsibility can be accepted by Knight Frank Residential Research or Knight Frank LLP for any loss or damage resultant from the contents of this document. As a general report, this material does not necessarily represent the view of Knight Frank LLP in relation to particular properties or projects. Reproduction of this report in whole or in part is allowed with proper reference to Knight Frank Residential Research. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Registered office: 55 Baker Street, London, W1U 8AN Page 2 of 2