Buy-to-let opportunity in canary wharf

By Tom Derbyshire on February 7, 2008 11:55 AM |

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Buy-to-let specialist Imagine Homes is offering investors the opportunity to purchase new flats within easy reach of Canary Wharf.

City Tower and Icon have a choice of designer one and two-bedroom apartments starting at £315,000.

An Imagine Homes spokesperson said: “Completing at the end of 2009, Icon will provide both buy-to-live and buy-to-let investors with unrivalled capital growth potential in one of the UK’s proven property hotspots – The Millennium Quarter – a new residential and commercial regeneration area in Docklands.”

Residents of Icon will be able to use a gym and swimming pool, relaxing sauna and steam rooms for private use and a public health spa offering complementary and holistic therapies

A hotel-style concierge service will be located in the main lobby with a ground floor meeting room and
business support facilities. Imagine Homes currently has two two-bedroom apartments available for sale at Icon, one including two car spaces, priced from £670,000.

Also close to Canary Wharf, Imagine Homes has one and two-bedroom apartments at City Tower, which it says “provides an excellent investment opportunity in a prime location close to first-rate transport links”.

Residents in the cascading 16-storey development are close to Crossharbour DLR station and the Jubilee line through Canary Wharf.

Properties at City Tower range from 480sq ft for a one-bedroom apartment, available from £315,000 to 1,238sq ft for a two-bedroom apartment available from £710,000.

For all of the properties Imagine Homes says investors will receive a guaranteed rental income at 7.5 per cent of the purchase price for each of the first two years from completion.

See www.imaginehomes.co.uk.