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The Old Ground Property Co Ltd has secured off plans an option for private investors to acquire 5 one-bedroom apartments, 4 two-bedroom apartments and 1 three-bedroom apartment located on The Broadway, Wimbledon, London.  The development known as “Broadway House” is a new seven storey mixed use development of apartments, offices and Retail.


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The development is in the London borough of Merton and is situated on the corner of The Broadway & Stanley Road in Wimbledon.


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Transport links 5 minutes from the development are the Wimbledon Station served by the District Line & South West Trains and a Tram-line.  South Wimbledon Station served by the Northern Line and Tram-line is also within walking distance.  The Tram-line links Wimbledon to Croydon. These transport links make it easy to access major transport hubs and central London. Central London via Underground is 45 minutes away.


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London City Airport and Heathrow Airport are both 12 miles from the development, Gatwick Airport is 16 miles away and Waterloo Station is only 15 minutes via South West Trains.


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Investor purchase prices range from £335,000 to £765,000. The size of each unit is from 515 sq ft to 1103 sq ft.


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There is no affordable housing in the block that investors will be purchasing.


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The price offered as an immediate sale is an exclusive deal to clients of The Old Ground Property Company.  Investors will pay a deposit of 5% to secure their apartment plus a 3.5% fee to The Old Ground Property Company.  A further 5% of the purchase price will be payable in April 2008 with final completion expected in spring 2009.


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The developer Durkan Estates is part of the Durkan Group that is established over 40 years in London and Ireland. 


• Contract may be sold prior to completion


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The leasehold term will be 125 years, for which a ground rent of circa Stg£300 – Stg£400 p.a. will be charged depending on unit chosen.


• 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.