NINE REASONS TO INVEST IN NINE ELMS POINT

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Nine Elms in SW8 London is one of the city’s most exciting regeneration projects, creating a new destination with 16,000 new homes, 25,000 jobs and an abundance of leisure facilities, parks and squares. Benefitting from the emerging riverside quarter’s energy and infrastructure, Nine Elms Point is a collection of suites, apartments and penthouses catering to a contemporary London lifestyle.

Upon exploring this up-and-coming hotspot, The Reserve discovered many reasons why Nine Elms Point is worth a look, whether you’re in the market for a property for self use or as a revenue-generating opportunity. Here are our top nine reasons:

[1] LONDON’S GREATEST DEVELOPMENT

This large wedge of southwest London land is without doubt one of the most exciting redevelopment initiatives in the UK – and perhaps the whole of Europe. It’s a rather astonishing evolution for the area that for decades was a national embarrassment, anchored at one end by the once-abandoned and derelict Battersea Power Station. Iconic is a word that barely does justice to this remarkable building, nearly 100 years old and one of the largest brick buildings in the world. For nearly 30 years it sat vacant but is now well on its way to be becoming one of the most desirable residences in London and the headquarters for major global brands including Apple UK. Along with the new United States embassy in London at the opposite end, these anchor tenants solidify the cachet and the long-term investment potential of the development and Vauxhall area for decades to come. Nine Elms is destined to become a magnet for the world’s most influential diplomats and tech professionals, and Nine Elms Point is at the heart of it all.

[2] WELL CONNECTED

New Tube lines aren’t created every day, but the new development at Nine Elms will enjoy its very own extension to the Northern Line, which now is nearing completion. When the new line opens in 2019, Nine Elms Point will be within 18 minutes of Victoria and Waterloo Stations and approximately 30 minutes to Bank Station. Even international connections are simple, with the St Pancras Terminal to Paris and Brussels and Gatwick Airport less than 35 minutes away via Vauxhall Tube Station or Clapham Junction station.

How about pedal power to get around? The 2012 Olympics brought new cycle lanes and walking paths to London, which means getting from Nine Elms to Sloane Square and the King’s Road, The Houses of Parliament at Westminster, the National Gallery, London Bridge and the Shard are all between 5 and 20 minutes away by bicycle. Fancy watching India or Australia take on England at cricket? The Oval is also just a short walk or bike ride away.

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[3] GREENERY ABOUND

London has more open green space than nearly every major city. With 38% parks and open space, it beats New York (14%), Paris (9%) and Tokyo with just 3%.
Greenery is abundant at Nine Elms Point, with the glorious Battersea Park and Vauxhall Park on the doorstep, Hyde Park and Clapham Common just a short cycle ride away. You won’t need the English countryside, but if you do, the South Downs National Park and other Areas of Outstanding Natural Beauty are less than an hour away.

[4] SOMETHING FOR EVERY BUDGET

Nine Elms Point offers a choice of seven buildings – each with subtle design differences – connected by exquisitely landscaped gardens to create an upmarket community. There are 593 apartments in total, almost half of which are 2-bedrooms units and 28% are 1-bedroom. There’s also a selection of Studio apartments and stylish 3- and 4-bedroom units, including spacious penthouses the ultimate Nine Elms lifestyle.

[5] AWARD-WINNING DEVELOPER

The builder of the Nine Elms Point is Barratt London, one of the best-known and most reputable homebuilders in all of Britain with over 30 years of experience. Barratt built 1,700 homes in London alone in 2014/15, and if awards are anything to go by then they certainly rank among Britain’s most respected. Barratt is the only builder in the UK to win the maximum 5-star rating for Customer Satisfaction from the Home Builders Federation. This development, Nine Elms Point, won the Built for Life award from the British government, recognising the best-designed homes in the UK. If all that isn’t enough, your home at Nine Elms Point also comes with a 10-year guarantee. Barratt is well regarded for its reputation to protect its properties and its owners.

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[6] WORRY-FREE MANAGEMENT

Rather than contracting the building management to a third party contractor, Nine Elms Point will be managed by a division of builder under the name Barratt Residential Asset Management (BRAM). BRAM is a past recipient of the Best Customer Satisfaction Initiative, so you can rest assured that your investment (or your personal comfort should you choose to live there) will be in the best hands.

[7] COSMOPOLITAN CONVENIENCE

Looking outward from these stylish apartments just adds to the comfort of being at home. Each apartment offers riverside or garden views, many from private balconies or terraces. The curve of the river affords views towards Westminster, while neighbouring buildings such as Battersea Power Station and Vauxhall Tower add drama.

As part of the development, there is an 80,000 square foot supermarket under the upmarket Sainsbury’s brand name. There is also a fitness centre if you ever tire of jogging along the riverbank or around Battersea Park. Being so close to the centres of power and influence, Nine Elms Point will be a good place to do business and meet like-minded professionals, so business facilities are included within the complex, which are also likely to include a private dining area and meeting rooms. The landscaped podium gardens are likely to be popular when the sun shines, and with an array of shops, restaurants, bars and cafés, it’s not hard to see why Nine Elms is destined to become a community that makes one feel right at home.

[8] SPACE & STYLE

One thing that you’ll notice right away is that the designers have not scrimped on space. Inside, each apartment is light and airy with largely open plan designs. Most of the 2-bedroom apartments are between 74 and 85 square metres (800-820 square feet), while the Studio units offer around 40 square metres (425 square feet) and the 3-bedrooms go up to 112 square metres (1,200 square feet). Modern features like under-floor heating and recessed, energy efficient down lighting offer practicality while high-end appliances, Roca bath basins and Grohe fixtures and fittings offer elements of luxury. Most of the apartments have a private terrace or balcony, enhancing one’s connection to this vibrant, dynamic setting. Each apartment comes equipped with high-end appliances, adding to your own enjoyment or the unit’s rental appeal.

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[9] MANAGEABLE COSTS

For all this you might expect to pay excessive management fees, but that’s not the case at Nine Elms Point. Ground rents for the 999-year lease are just £500 per annum for a 2-bedroom apartment while estimated service charges come in at around £3,140. A couple would easily pay that much for gym memberships in London, but a well-equipped private residents’ fitness suite is included at Nine Elms Point, as are 24-hour concierge service, CCTV security system coverage, window cleaning, building insurance, landscaping and more. London property taxes are relatively low, too, at around £1,500 for a mid-range property.

The lifestyle available at Nine Elms Point is a rare find for savvy property investors as well as those seeking their own personal London abode. With these nine reasons and so many more, now seems like the perfect time to consider owning at Nine Elms Point.

JOIN OUR EVENT

Members of The Reserve are invited to a cocktail event in Hong Kong with Herald Land, the developer’s representative, in late March. If you would like to receive an invitation, please email us at member@thereserve-asia.com

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T: +852 3620 3157 | F: +852 3753 1811
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16/F Chao's Building  |  143-145 Bonham Strand  |  Sheung Wan  |  Hong Kong
T: +852 33620 3157  |  F: +852 3753 1811  |  thereserve@infonation-asia.com  |  Data Policy  

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