DAMAC Tower Nine Elms London | Parry St, London SW8 1SF
DAMAC Tower Nine Elms London | Guide Prices [Updated]
Latest guide prices:
Studio from £733K
1-Bedroom from £898K
2-Bedroom from £1.32M
3-Bedroom from £2.7M
Penthouse from TBC
Disclaimer: Information is accurate as of 30th September 2019. Prices are indicative only and subject to changes by the developer without prior notice.
Top 10 unique selling points of Damac Tower Nine Elms London:
The UK is still the top destination for business despite uncertainty around Brexit
London is the world's top global financial centres in 2019
London is the number two tourism destination city
Brexit favourable to the international buyers as a safe haven
Top global brands like Google, IBM, Amazon, Facebook and Apple continue to expand fintech business in the UK
Lower GBP against other main currencies
Versace branded luxurious apartment development in prime zone 1 of London
Damac is the most trusted real estate company in the Middle-East
To be managed by professional letting company
Long term property appreciation in London
Get a copy of Damac Tower London's e-brochure [Free]
Damac Tower Nine Elms London | SW8 1SF
DAMAC Tower London represents the ultimate living in Versace Home. It is a masterpiece design by the multi-award-winning architect - Kohn Pedersen Fox Associates (KPF).
DAMAC Tower Nine Elms London which developed by Nine Elms Property Limited (wholly owned by DAMAC International Limited) is a 999-year leasehold mixed development in Zone 1 of London. This development will include luxurious apartment units, Grade-A offices, shops and restaurants. It consists of two towers of 50 & 24 storeys respectively. The 450 apartments are ranging from studio, one, two & three bedrooms units, as well as limited penthouses. Residents' facilities include exclusive access to the gym, indoor swimming pool, residents' lounge, cinema room, roof gardens etc.
A mere 3-minute walk from Vauxhall Station along the Victoria Line. DAMAC Tower Nine Elms London is located between Battersea and Vauxhall. This area was mainly industrial but now this is where multi-billion pounds have been invested that dramatically transforming this area into an ultra-modern residential & business district, as well as a new centre for arts and culture. Vauxhall is also walking distance o the Houses of Parliament, New Convent Garden Market, Battersea Park, Tate Britain and The Kia Oval cricket ground.
Nine Elms will have more future improvements in the transportation system, more new public spaces, schools, health centres for existing and new communities formed, new access path to the Thames River and other food, leisure and retail spaces.
Nine Elms will be the next most sought-after place for living, working and visiting.
Within the development, plenty of the communal facilities will be provided to the residents, that includes a communal garden of the size of approximately 8,010sqft, outdoor sundecks, indoor swimming pool and Jacuzzi at 23rd floor, indoor gymnasium, residents' lounge, a cinema room, children's playground. Besides that, 24-hour concierge, valet parking and optional A La Carte services are available.
Each of the units will come with high-quality internal finishes & fittings, electrical appliance and fibre-optic connection. Car park lots are available for 3-bedroom or bigger units for £120,000 each. All units will have at least a winter garden.
Developer: Nine Elms Property Limited
Tenure: 999 years lease
Address: 71 Bondway, Parry St, London SW8 1SF
Land size: 30,341 sqft
Estimated Completion Date: 31st December 2020
Total Units: 450 units
Carpark: £120,000 each, only available for 3-bedroom apartment & above
General Floor Layout
Existing Victoria Line is an only 3-minute walk from DAMAC Tower Nine Elms London. The residents can reach Bond Street in 15 minutes. With Northen Line, residents who work in can reach their workplace in CBD easily at Bank station and Canary Wharf via Jubilee Line Line. When the Northern Line Extension (NLE) with two new stations in Nine Elms is slated to be opened in autumn 2021, this area will have improvised transportation connections that make super accessible which take less than 15 minutes to travel to the City. Vauxhall St. George Wharf Pier is also located nearby which offers alternatives routes to many other places.
Full amenities can be reached within walking distance such as New Convent Garden Markets, Sainsbury's supermarket, St. George Wharf where Tesco Express, cafes, bars and restaurants are found.
About the developer - DAMAC
DAMAC is one of the most established and trusted real estate companies based in the Middle-East. DAMAC witnessed the transformation of UEA into one of the world's wonders and the world's most prosperous and advanced nations. DAMAC has a vast good track record and portfolio in hotels, serviced hotel apartments and serviced villas. With more than 23,000 homes delivered and over 40,000 units at planning and progressing stages, DAMAC has the vision and momentum to deliver. In recent years, DAMAC has partnered with some of the most recognisable fashion and lifestyle brands in the world and bring many new concepts of luxurious living to the world.
Restrictions of foreign ownership
Foreigners are subjected to Buy-To-Let Stamp Duty Land Tax (SDLT)
All non-UK resident landlord will be subjected to income tax from rental received
All profits gained from the selling of UK will be subjected to relevant capital gain tax
UK has inheritance tax law
Reservation fee £10,000
10% (less reservation fee) on exchange
10% after 6 months
10% after 12 months (Year 1 30%)
Balance 70% upon completion