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The only way is up for Galliard buyers!
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10/01/2007
Its proven track record of selling the right quality at the right price and the right time has attracted a growing band of repeat investors keen to take advantage of attractive deals that give them excellent yields as well as the prospect of strong capital growth.
“With some commentators forecasting further double figure growth in house prices in 2007 there is every reason to be optimistic that significant capital growth can be sustained for some time yet,” David Galman, Galliard’s sales director says.
Part of the attraction of the Galliard approach lies in the early release of properties onto the market. Very often this will take place before a brick has been laid and, with a construction period of up to two years and a rising market, has guaranteed buyers a capital profit even before they have completed their purchase.
Combine this with a guaranteed rent contract that gives the purchaser a net yield of up to 6% for a period of up to five years and you can understand why the queues are always so long at Galliard launches.
The latest offering to tempt their loyal followers will be premiered at the Crowne Plaza Excel, Docklands on 27th & 28th January. It comprises two prestigious developments that maintain Galliard’s reputation for pioneering the transformation of some of London’s most depressed areas into vibrant cosmopolitan communities.
Mr Galman explains, “Fifteen years ago we began converting old warehouses on the South Bank into luxury apartments and we haven’t looked back since. We have now sold over £1 billion of property and I am sure that the success of our London developments has contributed in a small way to the boom in house prices in this region”
Certainly there can be no doubting the appetite for the Galliard product. Entire developments have previously sold out on the first day and buyers regularly camp out overnight in order to secure a bargain at launches.
Part of the success that Galliard has achieved in recent years has resulted from innovations such as the sale of individual apartments that form part of an apart-hotel complex. One such project, adjacent to Waterloo Station, is nearing completion and will open for business in the Summer of 2007 under the management of Park Plaza hotels. The letting of the 400 apartments will be computer-controlled to ensure that everyone gets a fair share of the revenue and each owner will be entitled to use their own apartment for a limited period every year.
The second such development is close-by on the island site at Westminster Bridge. This will comprise over 900 apartments and, when complete in 2010, will become a familiar part of the London skyline. Construction will not start until the first quarter of 2007 but, already, 60% has been sold, further demonstrating the buoyancy in the but-to-let market.
So, what will Galliard have on offer to entice the investing public in this latest release? “Both developments are being sold off-plan,” says Mr Galman, “and both are located just north of the Thames in E16. The first is a fifteen-storey tower in Pier Road, North Woolwich housing 97 one- and two-bedroom apartments together with basement parking, a gymnasium and a restaurant/bar. The second is just around the corner in St Luke’s Square where a courtyard format will house 162 one- and two-bedroom apartments as well as commercial space that will include an area designated for vocational training. Basement parking will also be available and the design of the buildings will include “green” roofs that not only provide a much needed habitat for hundreds of species of plants and insects but also have many other environmentally friendly side-effects”.
“There could also be an added bonus for anyone choosing to invest in the Pier Road development. We are confident that we will be given permission for an additional five stories and, if we do, we will guarantee purchasers that their apartment will be five floors higher at no extra cost”
So, the urban regeneration of the Capital continues and with contented investors and a positive contribution both environmentally and ecologically, this appears to be a classic win-win situation.
Anyone interested in the developments featured should contact the Galliard Homes sales office on 020 7620 1500.
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