Investors eye up upcoming Docklands schemes
Telford Homes is welcoming interest from investors on two of its latest developments near Canary Wharf - Horizons on the Isle of Dogs and The Boatyard in Poplar.
The 26-storey Horizons (pictured above) on Yabsley Street will see its first apartments completed in winter 2016 and will be finished the following spring, while the Boatyard, which consists of two residential buildings in Cotall Street and Stainsby Road, is due to see the first phase finished in spring 2015.
Horizons will have 131 private apartments of one, two and three bedrooms, offering views of the Wharf, the City and the Thames.
Designed by RMA architects, the waterside tower will have a landscaped courtyard, a gym, underground parking and access to a 24-hour concierge.
David Campbell, group sales and marketing director at Telford Homes, said: "Surrounded by high-end retailers, restaurants and bars, the development is perfectly positioned to mix business with pleasure.
"With rental yields of around six per cent and the arrival of Crossrail, we believe the development offers a fantastic investment opportunity."
With Ravensbourne College just 10 minutes away via the Jubilee line and University of Greenwich, London Metropolitan University, City University and the University of London nearby, developers are hoping the development will be attractive to students and their parents.
In Poplar, the Boatyard (below) has 75 one, two and three bed apartments and is based near to the Limehouse Cut.
Mr Campbell said: "It is such a rare opportunity to find a development like The Boatyard which benefits from waterside living, superb views of Canary Wharf and a parkside address within a short distance of the capital's key business, retail and leisure districts. The area as a whole is undergoing regeneration which will contribute to Poplar's long-term appeal."
He added rental yields of five per cent were expected.
Prices start from £335,000 for a one-bedroom apartment at The Boatyard. Prices at Horizons start from £357,500 for a one-bedroom apartment.
Go to telfordhomes.plc.uk.