1 bedroom flat for sale

Offered with no onward chain is a 60% Shared Ownership with NO contribution to rent and low service charges. One bedroom apartment with private balcony right next to Tower Bridge and minutes from the centre of the City of London and underground, DLR and mainline stations. Situated in a tranquil oasis in the heart of the City, within this unique development on the site of the Old Royal Mint.



Located to the east of the Tower of London and north of St Katharine Docks.

Situated only minutes away from Tower Hill (Circle & District Line) and Tower Gateway (DLR) stations, and other excellent links to the City, Canary Wharf and the West End.

The surrounding area boasts plenty of local amenities, popular restaurants and bars. The famous St Katharine Docks is just a few minutes walk from the property. The apartment is within convenient walking distance of The City, Fenchurch Street, London Bridge, Liverpool Street and the Elizabeth Line, Brick Lane, Spitalfields and Shorditch.



There is an active residents association that works tirelessly to make sure every penny paid in service charges are spent appropriately.

Communal areas in the car parks are used to grow herbs and there is a Nursery and Hairdressers on site, the rent from which goes onto the sink fund to help maintain the development. The sink fund currently stands at well north of half a million and a program of renovation works is under way.



Fully fitted kitchen with separate reception leading to a private balcony.



Double bedroom with full height fitted wardrobes offering double hanging and storage.



Stylish modern fitted bathroom takes advantage of a mains pressure hot water system to give you a powerful thermostatically controlled shower.



A spacious hallway not only provides additional storage and a utility cupboard with washing machine, but room for a desk to be able to work from home.



This incredibly popular development is Ideal for professionals, or as a city pied-a-terre, the property comes marketed with NO ONWARD CHAIN!



LEASE INFORMATION



127 years from 1987. All prospective purchasers are advised to make their own enquiries via a solicitor.



SERVICE CHARGES



We understand the service charge on the property is circa £1,700 per annum, with a peppercorn ground rent. All prospective purchasers are advised to make their own enquiries via a solicitor.





60% Share Price: £350,000 (NO CONTRIBUTION TO RENT)



Eligibility:



Shared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you’d expect to pay if you bought a similar property outright although this is not a guarantee.