- Off-Plan, New-Build
- No Sourcing Fee
- 4 Units Remainig
- Regeneration Area
- Town Centre
A hands-free investment opportunity, consisting of new build apartments, available with a payment plan.
This stylish conversion comprises 108 x studio, one and two bed apartments in Southend’s town centre.
Set within the 25,000 sq ft mixed-use Victoria Shopping Centre, Chartwell Plaza is perfectly positioned to enjoy the vast range of amenities and transport links on the doorstep.
The payment structure is 5% reservation deposit of purchase price and then 30% deposit paid over 3 - 4 months with the 65% balance due on completion via mortgage or cash.
When Chartwell Plaza was launched, the plan was to finish the development to the same specification as The Pinnacle, which was another Southend development that, completed around 18 months ago. The Pinnacle was a smaller development with just 60 units. When The Pinnacle reached the Southend rental market, they rented within 2 weeks.
Since then, Southend has proposed millions of pounds of investment for (to name a few) further infrastructure improvements, shopping centre redevelopment, airport expansion, University expansion, roadwork improvements and planned improvements for all rail stations. Although expected earlier, these proposals are only now beginning to play a large roll in what Southend will become.
Taking the above into account, the area has seen a huge rise in population and is becoming more popular for commuters, working professionals, small business and multi-national business alike.
It has now been decided that Chartwell Plaza warrants a better finish, this has mainly been brought on by the huge regeneration to the shopping centre and the plans for the area around the development. It is the best-located property development in Southend and due to this will create a high demand.
Q3 2020 BUILD COMPLETION
Apartment Sizes: 34m2 - 84m2
Parking: 83 spaces
Service Charge: £900 per annum
Ground Rent: £250 per annum
Lease Terms: 125 years
Warranty cover included
No of beds, parking spaces, anual rental income, investor purchase price
1 bed - 1 - £9,000 - £159,995
2 bed - 1 - £10,200 - £184,995
1 bed - 0 - £8,800 - £144,995
2 bed - 1 - £10,200 - £177,995