B R I D G E H O U S E

INFORMATION PACK

OVERVIEW

The Developer Titan Property Developmentswww.titan-property.co.uk

The Development Dolphin Bridge House is a riverside building located on the banks of the historic Grand union Canal. Uxbridge is a well established, affluent and desirable commuter town in West London on the Metropolitan and Piccadilly tube lines. Previously used as offices, the building will be converted to 41 high specification apartments (4 x studios, 29 x 1 beds, 7 x 2 beds and 1 x 3 bed apartment) over ground and three upper floors with the top floor apartments benefitting from private roof terraces with far reaching views across Uxbridge.

Address Dolphin Bridge House, Rockingham Road, Uxbridge, UB8 2XL

Number of Units41

Price Range

Estimated Rental Range

Studios £230,000 - £280,000

1 Beds £287,750 - £299,995

2 Beds £392,500 - £495,000

3 Beds £550,000

Studios £225 - £250 p/w

1 Beds £275 p/w

2 Beds £325 - £350 p/w

3 Beds £400 p/w

Completion Date November 2019

Local AuthorityLondon Borough of Hillingdon

Tenure 999 year leasehold

Building Warranty10 Year CML approved warranty provided by Buildzone

Car Parking 1 secure gated space per apartment

Ground Rent

Ground rent reviewed every 10 years to RPI

Deposit Protection All deposits to be held as stakeholder

Service ChargeEstimated at £3.75 psf p.a

Type of construction Brick built with flat roof. Flat roof to be renewed under the conversion works and benefit from the 10 year warranty

Previous Office OccupierInterserve, a multinational FTSE listed construction company

Assignability Contracts are assignable

Planning Permission Ref 35248/APP/2017/3013

ContractorCosmur Construction (London) – www.cosmur.co.uk

Architect Orbit Architects – www.orbitarchitects.com

HeatingWall mounted electric panel heaters

Floor to ceiling heights 2.4 metres

Lifts Passenger lift serving all floors

SecurityFull colour video entryphone

Council Tax

Studios £250 p.a

1 Beds £275 p.a

2 Beds £300 p.a

3 Beds £325 p.a

Band A £938.10

Band B £1,094.46

Band C £1,250.81

Band D £1,407,16

2018/19 rates

UXBRIDGE

Uxbridge is an affluent, modern market town and commuter hub in West London within the M25 with a population of approximately 25,000. It is a significant commercial centre with many major employers, a thriving town centre and numerous sporting, leisure and cultural amenities.

The area is seeing substantial large-scale investment and regeneration with a number of new developments creating thousands of new homes and putting the focus on Uxbridge as a popular investment destination.

Other investment drivers include Brunel University London, the proximity to Heathrow Airport and easily accessible transport links into Central London via both tube and the upcoming Crossrail.

Property prices

• Historical price growth – 13% price growth in Uxbridge between 2015-2018 and 61% growth across the borough of Hillingdon over the past 5 years, outperforming the London and nationwide UK market..

• Capital growth potential – Property prices in Hillingdon are amongst the fastest growing in London with new apartments especially in demand, further growth of 21% is predicted over the next 5 years.

• Rental growth – Rents have increased by 14% over the past 5 years and are forecast to increase by a further 18% over the next 5 years driven by demand from young professionals and a growing population.

Transport links

• Tube – Station within a 10 minute walk with travel times of under 40 minutes to Central London.

• Crossrail – New Crossrail line 3 miles away at West Drayton station due to open in December 2019 will offer significantly quicker journey times to central London stations such as Bond Street (24 mins), Liverpool Street (31 mins) and Canary Wharf (38 mins).

• Accessible motorway network – M25, M4 and M40 all between 5-20 minutes drive.

Local economy and employment

• Major employers – Including Apple, Cadbury, Coca-Cola, PWC, Hertz and Mitsubishi

• Low unemployment – 6% compared to 6.6% across London

• Affluent area – Average household income of over £50k which is 69% higher than the UK average

• Brunel University – 13,000 students and 2,500 staff

• Heathrow Airport – 76,000 staff and expansion approved by Government with work on new third runway scheduled to begin in 2021 which will create an extra 40,000 local jobs

Lifestyle and amenities

• Open space – Green and leafy area with the development situated on the edges of 40 sq/m Colne Valley Regional Park

• Education – Five primary and one secondary school including two rated ‘Outstanding’ by Ofsted, one of which is a few minutes walk from Dolphin Bridge House

• Shopping and retail – Two major shopping malls in the town centre with most of the major shops and brands having a presence in the town

• Sport and leisure – A major leisure centre, numerous parks, sports clubs and golf clubs

KEY INVESTMENT POINTS

Dolphin Bridge House is well served for tube, train, road and air connections. Uxbridge tube station in London travel Zone 6 is located in the town centre, within a 10 minute walk of Dolphin Bridge House. Served by the Metropolitan and Piccadilly lines, journey times to Zone 1 are under 40 minutes. An annual travelcard to Zone 1 costs £2,492

Further connections can be found at West Drayton which is just over a 10 minute drive away and will be linked to the new Crossrail line opening in December 2019. As well as quick journey times across Central London, the City and Canary Wharf there are also National Rail connections to major regional employment centres such as Reading and Oxford.

Heathrow airport is the major airport hub for London and is a 15 min drive from Dolphin Bridge House. Heathrow is the busiest airport in the UK and the second biggest in the world for international flights with over 80 airlines flying to 185 destinations in 84 countries.

TRANSPORT

Wembley Park 25 minutes

Finchley Road 32 minutes

Baker Street 36 minutes

Bond Street 42 minutes

Kings Cross St Pancras 45 minutes

Oxford Circus 45 minutes

Westminster 46 minutes

Liverpool Street 53 minutes

Heathrow Airport 8 minutes

FPaddington 20 minutes

Bond Street 24 minutes

Tottenham Court Road 25 minutes

Liverpool Street 31 minutes

Canary Wharf 38 minutes

Reading 32 minutes

Oxford 1 hour

M40 5 minutes

M25 7 minutes

M4 16 minutes

Heathrow Airport 19 minutes

Tube times from Uxbridge station (10 mins walk)

Train times from West Drayton crossrail station (11 mins drive / 20 min bus)

Driving times

*Source tfl.gov.uk

*Source www.crossrail.co.uk and www.nationalrail.co.uk

FINCHLEY

ROADWEMBLEY

PARKUXBRIDGE

UNDERGROUND

3 22 5

BAKER

STREETEUSTON

SQUAREOXFORD

CIRCUS

BOND

STREETKIN

G’S

CROSSW

ESTMINSTER

3 6 4 2 4 3 4 5 4 5 4 6

SHOPS AND RESTAURANTS

Uxbridge town centre is a 10 minute walk from Dolphin Bridge House, as well as a historic pedestrianised high street there are two shopping centres, Intu and The Pavilions. Having undergone significant redevelopment including a £2m investment from the Major of London’s London Regeneration Fund most of the major high street brands have a presence in Uxbridge including the following

DebenhamsRiver IslandMarks & SpencerTK MaxxWaterstonesNextNew LookOasisCoastArgosPandoraBoots

The two main supermarkets are Tescos (12 min walk) and Sainsburys (15 min walk) and there is a 9 screen Odeon cinema in the town centre.

There are plenty of dining choices within a short walk of Dolphin Bridge House including canalside eateries The Dolphin, The General Elliot and the Pipemakers Arms. In the town centre are a further wide array of restaurants including

Curry CultureThe Fig TreeTai Pan Oriental BuffetAsk ItalianPrezzoFive GuysThe Slug & LettuceThe MetropolitanNandosPizza ExpressZizzis

LEISURE & FACILITIES

For fitness aficionados Uxbridge offers plenty of local sporting facilities. Hillingdon Sports and Leisure club is just on the other side of the town centre less than a 6 minute drive and contains indoor and outdoor Olympic sized swimming pools, an athletic track and large sporting complex.

Stockley Park and Hillingdon golf clubs are close by and the town is home to non-league football team Uxbridge FC as well as Uxbridge Cricket Club who are a member of the Middlesex County Cricket League.

Uxbridge is situated on the edges of the Colne Valley Regional Park which covers over 40 sq miles and within the town itself areas of open green space are abundant. Fassnidge Park and Rockingham recreation ground are just across the canal, both less than 1/3 mile from Dolphin Bridge House.

Dolphin Bridge House sits on the Grand Union canal, a historic waterway stretching for 137 miles linking London to Birmingham and which offers fishing, boating and river walks on the doorstep.

LOCAL ECONOMY & MAJOR EMPLOYERS

Uxbridge is an affluent town with many prominent national and international companies having offices there attracted by the close proximity to Central London.

Companies with headquarters or offices in Uxbridge include the following

AppleCoca colaHertzAmgenBristol-Myers SquibbIBMFujitsuGSKCisco SystemsXerox

Heathrow Airport is a major employer in the area supporting over 76,000 employees and creating almost £3.3bn of GVA (Gross Value Added) for the local economy.

The UK government approved a third runway in 2016 and Parliament voted in favour of the expansion in June 2018. Work is scheduled to commence in 2021 on what will be one of Europe’s largest infrastructure projects. Due to open in 2026 the expansion of Heathrow Airport will create 180,000 new jobs, 40,000 of these in the local area and upto £187bn of economic growth across the country. Uxbridge is poised to benefit substantially from the investment and additional employment created by the new runway.

Another main contributor to the local economy is Brunel University, not only through the direct employment of its 2,500 staff but also by producing a talented pool of graduates. The university produces £212m of GVA for the Borough of Hillingdon annually.

The average household income of Uxbridge North is £50,820 which compares with a UK average of £39,430. A high proportion of employees have professional, managerial or highly skilled jobs.

In Good Company

PWCNetappHerbalifeManpowerMitsubishiCadburyMonster EnergyGeneral MillsIBB Solicitors

SITE PLAN

SPECIFICATION

INTERIOR DESIGNED KITCHENS Gloss white handle-less cabinetryGlass splashbacks Solid stone worktops Stainless steel integral 1.5 bowl sink Swan-neck monoblock tap in brushed stainless steel Zanussi Electric single oven, fan assistedZanussi Integrated hoodZanussi 4 zone black induction hob LED strip lighting under wall unitsIntegrated 50/50 fridge freezerIntegrated washer-dryer Integrated slimline dishwasher

BATHROOMS & ENSUITE White tiles to wet areas White handwash basin with mixer tapDual flush soft close WC with chrome flush plate Wall mounted chrome toilet roll holderGranite effect vanity worktop Shower set with rose head and hand shower in chrome Mirror with recess LED lighting Chrome towel rail Vinyl tiled stone effect floor tiles

GENERALBrushed stainless steel sockets and switches Oak thresholds White paint throughout Bespoke fitted wardrobes in bedrooms on request at additional cost

SECURITYMain entry doors, digital access control with integral fob reader, code access and LED screenVideo access screens in apartment hallways Mains operated smoke alarmMains operated carbon monoxide alarm Lockable letterboxes Bike store

HEATING Wall mounted electric panel heaters

FLOORINGEngineered oak wood flooring to hallway, kitchen/lounge/dining area80% wool carpets in bedroom

LIGHTING Recessed LED spotlights Brushed steel dimmer switches in bedrooms

LETTINGS & MANAGEMENT

FURNITURE

Recommended Letting AgentLife Residential - www.liferesidential.co.uk

UK ContactAlisha Campbell, Business Development ManagerTel: +44 (0)7725 246 201alisha.campbell@liferesidential.co.uk

Asia ContactJose Ferreira-Jorge, Business Development ManagerTel: +852 5978 4168jose.ferreira-jorge@liferesidential.co.uk

Managing AgentCountrywide - www.countrywide.co.ukTel: +44 (0)1908 465 250

Recommended Furniture SupplierAndrew James Interiors - http://andrewjamesuk.comAndrew Smith, DirectorTel: +44 (0)7974 137 997Email: andrew@andrewjamesuk.com

The standard furniture packages are priced as follows

Full inventory included within the furnishings brochure. Bespoke furniture packages are available

Studios £3,500 + VAT

1 Bedroom Apartments £4,000 + VAT

2 Bedroom Apartments £5,000 + VAT

3 Bedroom Apartments £6,000 + VAT

SOLICITORS

PAYMENT TERMS

Vendors SolicitorPaul Beanlands, PartnerMichelmores LLP12th Floor6 New Street SquareLondonEC4A 3BFTel: +44 (0)207 659 4659Email: paul.beanlands@michelmores.com

Recommended Purchasers SolicitorsDoug Fordham, PartnerGateley Plc3000 Cathedral SquareGuildfordSurreyGU2 7YLTel: +44 (0)1483 230 148Email: doug.fordham@gateleyplc.com

The legal fees charged by Gateley are £1,800 + VAT and disbursements

Stamp Duty Land Tax (SDLT) will be payable on all purchases. The current rates and brackets which will be applicable to Dolphin Bridge House are as follows

1). A non-refundable reservation fee of £2,000 is payable on reservation

2). 20% of the purchase price (less £2,000 reservation fee) payable on exchange of contracts, within 21 days of reservation

3). The balance of 80% of the purchase price payable on legal completion

Bank details for payment of the reservation fee are as follows

Bank Name Metro Bank

Bank Address One Southampton Row, London, WC1B 5HA

Account Name PM Dolphin (Uxbridge) Limited

Account Number 25230701

Sort Code 23-05-80

IBAN / SWIFT GB27MYMB23058025230701 / MYMBGB2L

Brackets Standard Rate Buy-to-Let / 2nd Home Rate

£125,001 - £250,000 2% 5%

£250,001 - £925,000 5% 8%

WEB LINKS – GENERAL UXBRIDGE AND PROPERTY PRICE ARTICLES

On the up:seven London postcodes where prices haven't peaked yet, from Dartford to Camberwell

House prices in Hillingdon are the fastest growing in London

What you need to know about the London housing market: West London

Brunel brings in millions as jobs multiply

The university towns where house prices have risen an average 22pc in three years

What will Heathrow Expansion mean for West Drayton Property Prices?

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Homeowners in the North East of England see house price rises outpace the rest of the country, with values increasing £1k a month

Why invest in buy to let property in Uxbridge?

Demographics

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