Principal Tower in London

Name: Sales in Principal Tower started!
Start: 2021-09-07T11:49:40.011262+00:00
End: 2023-12-31T23:59:59+0000
Location: Principal Tower

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Project info

Object ID: 14267

Finished at	November 2019
Price, m²	From 22100$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.90 m²
Floors	50
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool 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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

950,300$

Net profit

6,783$

Payback period

105.3 years

Avg property value increase per year

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About the project

Principal Tower boasts a wonderful location, overlooking the City and Shoreditch. The soaring tower makes a great addition to central London’s skyline alongside some stunning landmarks such as "the Gherkin", "the Cheesegrater", and the "Walkie-Talkie". Residents of Principal Tower are spoilt with amazing dining options, including trendy bars, high-end restaurants, and stylish cafés. For a shopping therapy session, you can pop into Spitalfields Market, which is located only a 5-minute walk away.

There are plenty of small charming green spaces surrounding the new residential complex if you are tired of the buzzing streets of central London. A short walk will bring you to Weavers Fields, a large green area, which provides a perfect place for a morning jog or a tranquil walk amidst some greenery. Another lovely park nearby is Finsbury Circus Gardens, peppered with mature trees, including a fine Japanese Pagoda tree.

Within walking distance of Principal Tower are 5 major transport hubs, including Underground, Overground, and National Rail lines. Liverpool Street Station brings 5 major airports within a 50-minute trip, ensuring that you will not be late for your flight no matter what airport you decide to choose.

Developer

Concord Pacific is Canada’s largest urban developer and is most known for its skyline defining communities in Vancouver and Toronto. Concord…
Details about Concord London