Principal Tower, London
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Principal Tower – London Shoreditch Buy to Let Investment
Principal Tower is situated within Principal Place, a true mixed development in London’s trendy Shoreditch which is home to the 600,000 sq. ft Amazon headquarters building as well as 28,000 sq. ft of retail space. There are also gourmet bars, eateries and cafes onsite.
Key Figures
£985,000Starting Price
1.4%Net Yield
Q4 2019Completion Date
Investment Details
Principal Tower is 50-storeys high and boasts panoramic views across London. The apartments will be flooded by natural light during the day and during the evening residents can appreciate the bright lights of London. The building was designed by Foster + Partners – the same company that designed the Gherkin in the City of London. They are one of the most renowned architects the world has ever seen Foster & Partners. Having designed some of the most famous structures in the UK, including head offices of companies such as PwC, Bloomberg, HSBC, McLaren, Ernst & Young and the famous 30 St Mary Axe (The Gherkin). The expertise of Sir Norman Foster does not stop there however, having designed the new Apple Headquarters, Beijing Airport, UAE World Trade Centre and many other famous structures globally.
Principal Tower will consist of 301 one, two, and three-bedroom apartments. The top floor will be home to penthouses which will enjoy fantastic views across London. The colour palette and furnishings in each apartment has been carefully curated by a specialist design team. For the Upper House kitchens and bathrooms, the interior design team have chosen two colour palettes; “Champagne” and “Caviar”.
Principal Tower, Buy to let in Shoreditch, London Investment Fundamentals
- 301 one, two, and three-bedroom apartments starting from £985,000
- Subterranean car park with 48 car parking spaces and 3 disabled spaces available
- 353 cycle spaces
- 2019 completion
- Onsite facilities for the exclusive use of residents include a lap pool, spa, state-of-the-art gym, cinema, 24-hour concierge and lounge
- Interior design carefully curated by specialist interior designer
Principal Tower – The Location. Live in Trendy Shoreditch, London
Principal Tower is perfectly located along the fringes of the City of London and Shoreditch, an infamously trendy London district. Not only can City workers easily access their place of work, but the development is also just a short walk away from five major transport hubs meaning residents can travel across the city with ease. It is also in an unrivalled position for London’s finest schools, colleges and universities.
For those who fancy exploring their immediate surroundings, Shoreditch is on the doorstep. It is home to several hip bars, cafes and street food and drink markets such as Dinerama. A few minutes’ walk away sits Spitalfields market which boasts a plethora of food stalls and vintage wares, as well as clothing, jewellery and art stalls. Upmarket restaurants such as Sushisamba and Duck and Waffle are just down the road in the City of London, as well as many private members’ clubs.
Contact us today to find out more about property investment London and one of the finest residential developments currently being constructed in the UK’s capital city.
This investment has now sold, but in many ways Principal Tower embodies London luxury. Find out more about what makes London a luxury capital.
The Numbers
Ground Rent:1 bed: £550, 2 bed: £650, 3 bed: £750, Penthouses: £1,000
Number of Units:243
Service Charge:£6.96 psf, p.a.
Prices:Starting at £985,000
Leasehold:981
The interiors have been designed by world renowned architects Foster Interiors and LIV Designs.
Each apartment has been designed to maximise the views and create spacious apartments, which reflect the architectural style of Foster+Partners. Within each apartment, buyers have the option to select their kitchen and bathroom interiors from a wide range of sample options
- Reservation fee-£5,000
- Exchange contracts immediately
- 10% Deposit payable within 21 days
- 10% staged construction payment payable one year after exchange and 80% payable on completion, together with additional payments provided for under the terms of the contract
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