Empress Works in London

Name: Sales in Empress Works started!
Start: 2021-09-20T12:12:23.751639+00:00
End: 2023-12-31T23:59:59+0000
Location: Empress Works

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Project info

Object ID: 14533

Finished at	June 2021
Price, m²	From 10550$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	10
Apartments	55
Condition	Turnkey
Construction type	Monolyth
Security	Intercom Reception
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

569,700$

Net profit

7,229$

Payback period

60.0 years

Avg property value increase per year

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About the project

Empress Works is conveniently located on the banks of the Regent's Canal, in Cambridge Heath, in the London Borough of Tower Hamlets. It is a quiet area with various establishments nearby. The convenient transport links include Bethnal Green metro station, Cambridge Heath train station and several bus stops. The local restaurants serve fine food, and the pubs are renowned for their unforgettable atmosphere. There are many educational institutions for children of different ages. There are also many parks within walking distance, including Victoria Park, Haggerston Park and London Fields, where you can admire the scenery and cycle along the beautiful bike path.

What are the project features?

Empress Works consists of 4 buildings, ranging from 3 to 6 storeys. Three buildings with flat roofs are designed in a modern style. They are in the form of regular rectangles. The fourth building is built in the style of Victorian and Regency cottages. All objects of the complex are in harmony with each other. They are finished with light-coloured bricks while the large windows come with dark brown frames, and they are divided into square sections.

Are there amenities and facilities at Empress Works?

The complex has a flat rooftop, offering shared terraces with landscaped gardens and seating areas overlooking the city skyline. The complex includes office premises. The buildings are equipped with lifts to all floors, and there are also secure mailboxes. Bicycle storage and concierge services are available for residents.

Developer

Founded by Hackney born Henry Smith in 1995, Aitch Group has earned a reputation as a leading property developer in London. Built upon stron…
Details about Aitch Group