Maritime House Greenwich

Property Investment
 OVERVIEW

CONTENTS
■ 10% Below Market Value

■ Olympic effect in East London

■ 5% exchange deposit

■ Located adjacent to Greenwich mainline and DLR station

■ High rental Yield – mortgage coverage

■ Prices start from below £250,000!

■ 10 minutes on DLR to the heart of Canary Wharf

■ Greenwich offers a fantastic mix of modern and contemporary living

■ £2.18Billion Regeneration budget to be spent on the borough

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 INVESTMENT SUMMARY

Location London, Greenwich, SE10

Investment Outlay 5% DEPOSIT ONLY
Discount 10% under market value
Projected Rentals
1 Bed: £1100 - 1300 per month
2 Bed: £1300 - 1600 per month
Tenure Leasehold 125 Years
Ground Rent £150pa - 1 Beds & £250pa – 2 Beds
Service Charge Approx £1,000pa – 1 Beds & £1,200pa – 2 Beds
Detail of Indemnity Underwriters NHBC
Completion date Nov 2008

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 INTRODUCTION

We are excited to release this development of apartments situated within an area of strong heritage Greenwich, London. Greenwich,
world famous for The Meridian, where East meets West at zero degrees Longitude, offers an eclectic mix of attractions and amenities
to spice up the life of any jaded city dweller.

We all know that we are currently in a buyerʼs market where investors have the ability to negotiate terms which we have not seen for
years. With this in mind, we feel that this opportunity offers an incredible investment proposition due to the fact that last year we could
not obtain this deal or opportunities in areas such as these where demand for property is secure, safe and strong.

Apart from the bars, restaurants and shops, youʼll also find theatres, a cinema, comedy club, and, of course, the famous Greenwich markets
- a covered Arts and Crafts weekend market, and Greenwich Village Market. The streets of small specialist shops selling everything from
second-hand books, music, fashions and home wares add to the bohemian feel of the area. As a place of contrasts, Greenwich also offers
elegant architecture and historic landmarks such as the Cutty Sark, the Old Royal Naval College, the Royal Observatory and, of course,
the

Greenwich itself is a rich mixture of heritage and the modern world. Being a traditional maritime centre it still holds the Maritime Greenwich
World Heritage Site which encompasses architectural masterpieces and designed landscape at the Old Royal Naval College, National
Maritime Museum and extends outside the town centre to the Royal Park. Greenwich was also the subject of a large re-generation scheme
during the 1990ʼs which brought its town centre firmly up to date with the most prominent areas of London and re-established itself as
a tourist hotspot.

With the renewed re-generation over the next five years comes the need, as ever, to preserve the historical importance of Greenwich,
here is a quote from Greenwich Council – “The Council will preserve and promote the enhancement of historic Greenwich town centre.
Refurbishment or new development in Greenwich must be appropriately scaled, respect existing form and character, and demonstrate
the highest standards in design, landscaping, detailing and finishing.”

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 INVESTMENT PROPOSITION

The London market has consistently out-performed most areas of

the world over the past 15 years. Last year London saw fantastic
growth with some areas boasting 30% capital growth.

Greenwich is now without doubt one of Londonʼs most desirable areas maintaining its world renowned name (GMT) and stature whilst
still having very a reasonably priced property market compared with other exclusive London postcodes.

By 2016, the population of Greenwich is projected to rise by 17,400 or circa 2,000 people per year. This means demand for property
will further increase in an area where there is already a massive demand and limited supply. As investors this puts us in a very strong
position to ensure future capital growth as supply and demand is what drives our market.

With the Olympics coming to London in 2012 and an extensive regeneration programme throughout East, South/East and North/East
London we would expect to see formidable capital growth throughout these areas over the next few years. Already prices are moving
and interest has picked up considerably.

Along with strong predictions for capital growth there is also (unlike most of the UK) a very strong rental yield in this prime area, making
this a fantastic all round investment opportunity.

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 SPECIFICATIONS

■ White two panel smooth effect internal doors with chrome ironmongery
■ Double glazed aluminium windows
■ Smooth painted ceilings in white emulsion
■ Internal walls finished in soft white emulsion
■ Quality kitchens by Moores
■ Single oven, electric hob and chimney hood in stainless steel
■ White sanitaryware throughout
■ Ceramic tiling to bathroom
■ TV point to living room and master bedroom
■ BT point to living room and master bedroom
■ Entryphone system to all apartments

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 TRANSPORT FOR GREENWICH

Communication links are excellent – Both Greenwich mainline

(servicing Charing Cross, Cannon Street, SE London and Kent)
and Greenwich DLR station are within a few minuteʼs walk. The
DLR offers a 10 min journey to Canary Wharf.

This site is also minutes away from the A2 which, if followed

West, leads into Old Kent Road and Central London whilst East
will take you directly to the M25.

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 LOCATION MAP

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 LOCATION MAP

Maritime
House
Greenwich

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 THE BUSINESS CASE

In terms of “expected capital growth” we can never say exactly how

any market will perform in the future. We know that we are currently
experiencing a buyerʼs market meaning growth prices are low.
Nationwideʼs most recent report puts annual property growth at 2.7%.

We choose areas and developments which will and have consistently

outperformed the general ʻUK marketʼ. We therefore anticipate capital
growth of higher than the national average on this site... If we assume
3% growth using an 85% loan-to-value buy-to-let mortgage to leverage
our investment we would still see a 20% return on our investment in the
first year which should outperform most if not all other asset classes
which do not offer the same security as bricks and mortar.

Rental returns should cover mortgage payments, allowing investors

the freedom to take a medium-long term v of their properties whilst
servicing their debt. Over a five year cycle we believe this opportunity
will see very substantial returns.

We have also acquired this site at 10% below current market value
giving instant equity (without deposit) of at least £34,000... Or for
those who are struggling to keep faith in the current UK market we have
acquired this site at 10% below market value to alleviate any fears that
the market may actually go down (which has not happened since the
infamous crash in the early nineties).

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 INVESTMENT PROCESS

STEP 1 > RESERVATION – HOW TO RESERVE WITH US

Once you have made the decision to add a unit to your portfolio, you can make a provisional reservation by telephone. You must
complete and return to us a Reservation form and provide cleared funds for your initial deposit. Your Portfolio Manager will ask you a
£2000 non returnable reservation deposit, which we will forward to the developer. Within 48 hours, you will then pay the non-returnable
2% fee. The Finder’s Fee is also, and if not paid at the time of reservation. We accept payment by DEBIT/CREDIT CARD or by same day
TELEGRAPHIC TRANSFER. Your initial deposit is passed on directly to the developer on securing your reservation and are offset by the
developer against the balance on exchange.

STEP 2 > EXCHANGE OF CONTRACT – DEPOSIT TO DEVELOPER

Exchange of contracts is usually targeted for 28 days after the solicitor is instructed, but in many cases this takes longer. During the 28
days between reservation and legal exchange of contracts, the solicitor appointed on your behalf by us will carry out the standard legal
work. At all times, the solicitor will act in your best interests, reviewing the contract and ensuring that everything is in order to enable you to
exchange contracts. At the point of exchange, your solicitor will ask you to pay the remainder of the exchange deposit, typically between
5% and 10% of the purchase price. The £2000 already paid is used as part of the exchange deposit, so you are required to deposit with
your solicitor the balance of the monies. At this point, unconditional exchange of contracts has taken place.

STEP 3 > COMPLETION – MORTGAGE

We have a dedicated sales progression department, who will contact you approximately 4 months prior to anticipated legal completion
to put in motion the process of arranging the most competitive mortgage available. Obviously, all mortgages are subject to individual
circumstances. We have arrangements with a panel of mortgage advisors who are specialists in arranging buy-to-let mortgage finance,
but you are obviously free to discuss your mortgage requirements with any advisors you choose. A full mortgage offer needs to be
obtained approximately 4-6 weeks prior to completion, and all necessary documents need to be provided to your solicitor to ensure that
the mortgage monies are with your solicitor prior to completion. Your solicitor will also ask you to deposit any remaining monies required
for completion.

STEP 4 > AFTER COMPLETION

We have negotiated discounted rates with specialist executive rental furnishers who will quickly and efficiently furnish your apartment to
the required standard to obtain the maximum rental possible. Also, we can assist you with the furnishing and letting of your property. We
can provide you with good tenants and have a reputation of efficiency, or we can provide advice on current rental values and also on the
best ways to achieve the highest rent possible.

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 COST BREAKDOWN

The next step to reserve your property is to complete a reservation form and secure it with a £2,000 deposit and our 2% finderʼs fee.
Mortgage finance will be arranged for you by our independent IFA near completion.

DAY 1
£2000

within 28 DAYS
5% deposit

ON COMPLETION
Balance payable

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 CONTACT US

Abacus Estates
104 Fortune Green Road
West Hampstead
London
NW6 1DS

Tel: 44 207 431 3777

Fax: +44 207 431 9777

Email: info@abacusestates.com

Web: www.AbacusEstates.com

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