Berkeley’s striking mixed-use development 250 City Road offers an incredibly appealing investment opportunity ..
Located in London’s world-leading economic centre and on the edge of the Square Mile, 250 City Road – Berkeley’s striking mixed-use development in Islington – offers an incredibly appealing investment opportunity for landlords to own a property in the heart of ‘Tech City’. According to estate agent Benham and Reeves, appetite remains at 250 City Road, from buyers looking for convenience and ease of access in the centre of the capital.
Benham and Reeves is reporting a flattening out of the downwards rental curve as City-based offices and universities welcome back overseas workers, corporate employees and students; with rental values at 250 City Road set to increase in 2021.
While one-bedroom apartments are the most popular for tenants, the two-bedroom, two-bathroom apartments also remain popular. In 2020, a one-bedroom/one-bathroom apartment generated £550-£575 pw, while in 2021/2022, the same apartment will achieve £620-£650. For a two-bedroom/two-bathroom apartment, rents go from £750-£775 pw in 2020 to £850-900 pw in 21/22.
Tenants remain attracted by the high-quality amenities and fantastic near-panoramic city views from the towers – as well as the excellent transport links. An array of exclusive five-star amenities take care of health, wellbeing and day-to-day practicalities; a fitness studio and terrace is located on the seventh floor, along with a business suite, residents’ lounge and private screening room. There is also a fully equipped spa, complete with a 20-metre pool, Jacuzzi, sauna and steam room on the lower ground floor.
Nearby Islington High Street, with its wide selection of supermarkets, a shopping centre and a range of Japanese cafes and sushi restaurants feature prominently in the area. Many fashionable eateries are concentrated along the tow path of the nearby Regent’s Canal.
Angel and Old Street Underground stations are both within easy walking distance and the new high-speed Elizabeth Line will provide a direct link from Liverpool Street to Heathrow Airport.
For further information about investing at 250 City Road, call Berkeley on 020 3925 9905 or visit www.250cityroad.co.uk.