The Old Ground Property Co. Ltd

The Schoolyard

Executive Summary
• The Old Ground Property Co Ltd has secured off plans on an exclusive basis an option for private investors to acquire 10 apartments within two miles of the city of London. The Schoolyard is a development of part conversion and new build. • The development is in the London borough of Islington, and is situated off Essex Road between Ecclesbourne Road & Morton Road, it is well positioned in a leafy London suburb. All of the units in the 1st phase released to the market are now sold, primarily to owner occupiers. • The development is a short walk from Essex Road mainline station and less than a fifteen minute walk to Highbury & Islington tube station, Angel tube station and Old Street tube station. There are several bus routes in close proximity and linked into all major transport connection giving quick access to all of central London. • London City Airport is 6.9 miles from the development, Liverpool Street Station and King’s Cross Station are just 1.5 miles away which offers convenient to access Stansted Airport and Gatwick Airport. • Investor purchase prices for the 9 one-bedroom apartments range from £306,800 to £312,000, the size of each unit is from 517 sq ft to 527 sq ft. The 1 two-bedroom apartment is priced at £405,600, this unit is 753 sq ft in size. • There are 62 units being built in this gated development. The former lodge house and caretakers cottage are being extended and refurbished into 34 units. The remaining 28 units are being built in contemporary blocks on the existing grounds. • The developer has agreed with the local council to rebuild the school at another location, which therefore means that there is no social housing in the development. • The price is offered as an immediate sale which will give the developer early closure saving in potential fees and marketing costs. Investors will pay a deposit and fee to secure their apartment (5% deposit & 4% fee to The Old Ground Property Company), completion will be spring 2009. • 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 on an exclusive
basis an option for private investors to acquire 10 apartments within two
miles of the city of London. The Schoolyard is a development of part
conversion and new build.

• The development is in the London borough of Islington, and is situated off
Essex Road between Ecclesbourne Road & Morton Road, it is well
positioned in a leafy London suburb. All of the units in the 1st phase
released to the market are now sold, primarily to owner occupiers.

• The development is a short walk from Essex Road mainline station and less
than a fifteen minute walk to Highbury & Islington tube station, Angel tube
station and Old Street tube station. There are several bus routes in close
proximity and linked into all major transport connection giving quick
access to all of central London.

• London City Airport is 6.9 miles from the development, Liverpool Street
Station and King’s Cross Station are just 1.5 miles away which offers
convenient to access Stansted Airport and Gatwick Airport.

• Investor purchase prices for the 9 one-bedroom apartments range from
£306,800 to £312,000, the size of each unit is from 517 sq ft to 527 sq ft. The
1 two-bedroom apartment is priced at £405,600, this unit is 753 sq ft in size.

• There are 62 units being built in this gated development. The former lodge
house and caretakers cottage are being extended and refurbished into 34
units. The remaining 28 units are being built in contemporary blocks on the
existing grounds.

• The developer has agreed with the local council to rebuild the school at
another location, which therefore means that there is no social housing in
the development.

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

• 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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