The Old Ground Property Co. Ltd

City Road

Executive Summary
• The Old Ground Property Co Ltd has secured off plans an option for private investors to acquire 3 one-bedroom apartments and 2 two-bedroom apartments located on City Road in London City. This development known as “The Cube” is a new eight storey building containing 18 luxury apartments. • The development is in the London borough of Islington and is situated on City Road & Windsor Terrace. • Transport links currently served by, Hammersmith & City, Northern, Metropolitan and Circle. The Underground is linked to all major transport hubs including mainline rail and all of London’s international airports. The development is a five minute walk from Old Street tube station and a seven minute walk from Barbican tube station. • City Road is a within walking distance to the square mile, London & Europe’s key financial district. • London City Airport is 7 miles from the development and Liverpool Street Station is less than 1 mile away which is convenient to access Stansted Airport via the Stansted Express. • Investor purchase prices range from £280,000 to £500,000. The size of each unit is from 409 sq ft to 883 sq ft. • Due to size and scale of development there is no social housing. • The price offered as an immediate sale is inclusive of an 8% discount (4% net of fees) which will give the developer early closure saving in potential fees and marketing costs. Investors will pay a deposit to secure their apartment (5% deposit & 4% fee to The Old Ground Property Company), completion will be spring 2009. • The Developer Croft Homes Ltd was established in 1980 and is an experienced developer of once off niche schemes in central London. • Contract may be sold prior to completion. • The leasehold term will be 125 years, for which it is proposed that a ground rent of circa Stg£300 p.a. will be charged. • The Old Ground Property Co Ltd is arranging a complete investor acquisition service, including bank funding, legal advice and execution plus an introduction to a fit-out supplier and letting and management agents.
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Executive Summary

• The Old Ground Property Co Ltd has secured off plans an option for private
investors to acquire 3 one-bedroom apartments and 2 two-bedroom apartments located on City Road in London City. This development known as “The Cube” is a new eight storey building containing 18 luxury apartments.

• The development is in the London borough of Islington and is situated on
City Road & Windsor Terrace.

• Transport links currently served by, Hammersmith & City, Northern, Metropolitan and Circle. The Underground is linked to all major transport hubs including mainline rail and all of London’s international airports. The development is a five minute walk from Old Street tube station and a seven minute walk from Barbican tube station.

• City Road is a within walking distance to the square mile, London &
Europe’s key financial district.

• London City Airport is 7 miles from the development and Liverpool Street
Station is less than 1 mile away which is convenient to access Stansted
Airport via the Stansted Express.

• Investor purchase prices range from £280,000 to £500,000. The size of each
unit is from 409 sq ft to 883 sq ft.

• Due to size and scale of development there is no social housing.

• The price offered as an immediate sale is inclusive of an 8% discount (4%
net of fees) which will give the developer early closure saving in potential
fees and marketing costs. Investors will pay a deposit to secure their
apartment (5% deposit & 4% fee to The Old Ground Property Company),
completion will be spring 2009.

• The Developer Croft Homes Ltd was established in 1980 and is an
experienced developer of once off niche schemes in central London.

• Contract may be sold prior to completion.

• The leasehold term will be 125 years, for which it is proposed that a ground
rent of circa Stg£300 p.a. will be charged.

• The Old Ground Property Co Ltd is arranging a complete investor
acquisition service, including bank funding, legal advice and execution plus
an introduction to a fit-out supplier and letting and management agents.

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