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New £11M London pied-a-terre overlooks Hyde Park

Some wealthy second homeowners have been reassessing their property priorities during the pandemic, with a pied-a-terre rather than a main home in the city becoming more of a priority. 

Upmarket estate agents report some well-heeled owners have swapped their main residence with what was previously their weekend country retreat.

But they’ll need very deep pockets if they want to buy one of these new London flats overlooking Hyde Park as their city base, as prices start at £3million and run up to £11million for the penthouse. 

This new development in the heart of the capital includes just 15 luxury flats and overlooks London's Hyde Park

This new development in the heart of the capital includes just 15 luxury flats and overlooks London’s Hyde Park

For many of those who have swapped a permanent London home for the country along with a pied-a-terre, there is no longer a need to be based permanently in the city if they only need to be in the office two or three days a week. 

Their home in the country is now more like to cater for their needs in providing more space to enjoy following the confines of several lockdowns. 

It is a perfect property set up if you can afford it – particularly if you work internationally – and that is where the new development of just 15 flats overlooking Hyde Park comes in.

The luxury properties have a starting price of £3million for a two-bedroom flat and go to £11million for a three-bedroom penthouse

The luxury properties have a starting price of £3million for a two-bedroom flat and go to £11million for a three-bedroom penthouse

The luxury new builds have a starting price of £3million for a two-bedroom flat and prices range up to £11million for a three-bedroom penthouse at the affluent Bayswater Road address.

We take a closer look at the new properties that will be completed late summer, and what type of buyers they are likely to attract.

What’s the deal?

The new development of just 15 flats is called Elie Saab Residences – Elie Saab being the name of the interior designer.

It overlooks the north east corner of Hyde Park. The two and three-bedroom homes are on London’s Bayswater Road, and are within walking distance of the West End. 

What’s the asking price?

The two-bedroom homes start from £3million. The collection also features two three-bedroom penthouses, with views of Hyde Park and London’s skyline.

All of the properties are leasehold with a share of the freehold with no ground rent. There is an annual service charge of around £8 per square foot, which would equate to £8,000 a year for a two-bedroom flat with 1,000 sq ft of space.

What is so special about it?

There are not many addresses in central London where you can have views overlooking open green space, much less Hyde Park itself.

The flats are also new build, which is rare for this part of London.

Surely it’s not completely perfect?

As a boutique development, there are only 15 homes available at the scheme, so it will not have a wide community feel to the development. 

There is also the on-going costs of the service charges to consider, which are around £8,000 every year for a two-bedroom flat. 

And buyers will have to wait until later this summer before the build is fully completed and they can move in. 

The name of the flats is Elie Saab Residences, which takes its name from the interior designer behind the flats

The name of the flats is Elie Saab Residences, which takes its name from the interior designer behind the flats

The expensive design is likely to attract international buyers who can afford the high on-going costs of the service charges

The expensive design is likely to attract international buyers who can afford the high on-going costs of the service charges

Some of the properties have extensive views of Hyde Park and of London's skyline

Some of the properties have extensive views of Hyde Park and of London’s skyline

Who would live in a house like this?

Wealthy young professionals and international business travellers who want to be based in the heart of the capital, with good access to London’s amenities.

These are perfect pied-a-terre properties for people wanting somewhere in the heart of London and to enjoy the views of Hyde Park. 

Who are the neighbours?

Residents in Hyde Park and Bayswater tend to be families taking advantage of the local good schools, or professional couples and singles appreciating the easy commute to the City.

The apartments overlooking Hyde Park are also likely to appear to international buyers, such as those from the Middle East, US and Brazil, according to the developer GRID Properties.

What is the local area like?

The big attractions nearby are Kensington Palace and the open green space of Hyde Park. There is also a wide range of restaurants nearby featuring cuisines from all over the world, which pave the way into London’s bustling West End.

Is there a local hidden gem that would take buyers a while to find?

Connaught Village holds annual fetes that are often attended by famous locals while the area itself is predominantly home to boutiques and independents with a strong café culture.

Where’s the best place for dinner nearby?

You cannot fault the view from the Serpentine Bar & Grill, while other restaurants such as upscale Italian Osteria Romana offers authentic dishes.

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Would YOU live here? Seaside cottage with stunning coastal views is branded ‘uninhabitable’ and ‘unsafe’ in listing – but is on the market for just £75,000

  • Woodbine Cottage in Ardersier, near Inverness has been put on the market 
  • The four-bedroom home has remarkable views of the Moray Firth 

A seaside cottage with stunning coastal views has been branded ‘uninhabitable’ and ‘unsafe’ in its listing – but has still gone on the market for just £75,000.

Potential buyers of Woodbine Cottage in Ardersier, near Inverness, may get some remarkable views of the Moray Firth, but also face a massive renovation job to make the building fit to live in.

Photos show the interior of the four-bedroom home, which has been vandalised and left littered with old clothes and belongings.

The property will require extensive works throughout, but Auction House Scotland believes it ‘offers a fantastic opportunity to create a stunning family home’.

The house, which includes a garage, has been ‘extensively extended’ to create a total floor area of over 350 sqm – which could be converted into a family home or a rental opportunity.

Woodbine Cottage in Ardersier, near Inverness, comes with a remarkable view of the Moray Firth - but potential buyers face a massive renovation job

Woodbine Cottage in Ardersier, near Inverness, comes with a remarkable view of the Moray Firth – but potential buyers face a massive renovation job

Photos show the interior of the home, which has been vandalised and left littered with old clothes and belongings

Photos show the interior of the home, which has been vandalised and left littered with old clothes and belongings

The seaside cottage has been branded 'uninhabitable' and 'unsafe' in its listing

The seaside cottage has been branded ‘uninhabitable’ and ‘unsafe’ in its listing

The property will require extensive works throughout, but Auction House Scotland believe the house 'offers a fantastic opportunity to create a stunning family home'

The property will require extensive works throughout, but Auction House Scotland believe the house ‘offers a fantastic opportunity to create a stunning family home’

‘The property further offers garden areas to front and rear, with the upper floor balconies enjoying great views over the Moray Firth,’ reads the listing.

‘The property is currently unhabitable, hence no Home Report is available, but a full programme of works would add massive value and offers the opportunity to adapt the current accommodation format subject, of course, to any required permissions/warrants.

‘The potential and value on offer is sure to attract strong levels of demand and, as such, early viewing is essential to avoid missing out.’ 

The original stone built dwelling has been extensively extended with the addition of north and south wings to create a total floor are in excess of 350 sq.

Auction House Scotland believe the property offers a fantastic opportunity to create a ‘stunning family home’ or to be rented out to holidaymakers. 

They also claim that a full programme of works would add ‘massive value’ to the building. 

The stunning view of the Moray Firth seen from the property

The stunning view of the Moray Firth seen from the property 

Auction House Scotland believe the property offers a fantastic opportunity to create a 'stunning family home' or to be rented out to holidaymakers

Auction House Scotland believe the property offers a fantastic opportunity to create a ‘stunning family home’ or to be rented out to holidaymakers

They also claim that a full programme of works would add 'massive value' to the building

They also claim that a full programme of works would add ‘massive value’ to the building

Once renovations are completed, the property will have a council tax band of C.

Mandi Cooper, Managing Director of Auction House Scotland, said: ‘Woodbine Cottage is certainly a project suited to a keen developer or investor, and it deserves to be lovingly renovated back to its former glory.

‘With huge opportunity to add value, and holiday lets in the Highlands being an ever-popular way to generate income, this would also be ideal for serviced accommodation providers.’

Woodbine Cottage will go to auction on May 30 with Auction House Scotland, with a viewing date of May 22

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Top 10 Florida Cities Dominate The Business Startup Landscape In The U.S.

Top 10 Florida Cities And Business Startup Landscape In The U.S.

The Voice Of EU | Florida emerges as a hub for entrepreneurial endeavors, with its vibrant business landscape and conducive environment for startups. Renowned for its low corporate tax rates and a high concentration of investors, the Sunshine State beckons aspiring entrepreneurs seeking fertile grounds to launch and grow their businesses.

In a recent report by WalletHub, Florida cities dominate the list of the top 10 best destinations for business startups, showcasing their resilience and economic vitality amidst challenging times.

From Orlando’s thriving market to Miami’s dynamic ecosystem, each city offers unique advantages and opportunities for entrepreneurial success. Let’s delve into the chronologically listed cities that exemplify Florida’s prominence in the business startup arena.

1. Orlando Leads the Way: Orlando emerges as the most attractive market in the U.S. for business startups, with a remarkable surge in small business establishments. WalletHub’s latest report highlights Orlando’s robust ecosystem, fostering the survival and growth of startups, buoyed by a high concentration of investors per capita.

2. Tampa Takes Second Place: Securing the second spot among large cities for business startups, Tampa boasts a favorable business environment attributed to its low corporate tax rates. The city’s ample investor presence further fortifies startups, providing essential resources for navigating the initial years of business operations.

3. Charlotte’s Diverse Industries: Claiming the third position, Charlotte stands out for its diverse industrial landscape and exceptionally low corporate taxes, enticing companies to reinvest capital. This conducive environment propels entrepreneurial endeavors, contributing to sustained economic growth.

4. Jacksonville’s Rising Profile: Jacksonville emerges as a promising destination for startups, bolstered by its favorable business climate. The city’s strategic positioning fosters entrepreneurial ventures, attracting aspiring business owners seeking growth opportunities.

5. Miami’s Entrepreneurial Hub: Miami solidifies its position as a thriving entrepreneurial hub, attracting businesses with its dynamic ecosystem and strategic location. The city’s vibrant startup culture and supportive infrastructure make it an appealing destination for ventures of all sizes.

6. Atlanta’s Economic Momentum: Atlanta’s ascent in the business startup landscape underscores its economic momentum and favorable business conditions. The city’s strategic advantages and conducive policies provide a fertile ground for entrepreneurial ventures to flourish.

7. Fort Worth’s Business-Friendly Environment: Fort Worth emerges as a prime destination for startups, offering a business-friendly environment characterized by low corporate taxes. The city’s supportive ecosystem and strategic initiatives facilitate the growth and success of new ventures.

8. Austin’s Innovation Hub: Austin cements its status as an innovation hub, attracting startups with its vibrant entrepreneurial community and progressive policies. The city’s robust infrastructure and access to capital foster a conducive environment for business growth and innovation.

9. Durham’s Emerging Entrepreneurship Scene: Durham’s burgeoning entrepreneurship scene positions it as a promising destination for startups, fueled by its supportive ecosystem and strategic initiatives. The city’s collaborative culture and access to resources contribute to the success of new ventures.

10. St. Petersburg’s Thriving Business Community: St. Petersburg rounds off the top 10 with its thriving business community and supportive ecosystem for startups. The city’s strategic advantages and favorable business climate make it an attractive destination for entrepreneurial endeavors.

Despite unprecedented challenges posed by the COVID-19 pandemic, the Great Resignation, and high inflation, these top Florida cities remain resilient and well-equipped to overcome obstacles, offering promising opportunities for business owners and entrepreneurs alike.


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European Startup Ecosystems Awash With Gulf Investment – Here Are Some Of The Top Investors

European Startup Ecosystem Getting Flooded With Gulf Investments

The Voice Of EU | In recent years, European entrepreneurs seeking capital infusion have widened their horizons beyond the traditional American investors, increasingly turning their gaze towards the lucrative investment landscape of the Gulf region. With substantial capital reservoirs nestled within sovereign wealth funds and corporate venture capital entities, Gulf nations have emerged as compelling investors for European startups and scaleups.

According to comprehensive data from Dealroom, the influx of investment from Gulf countries into European startups soared to a staggering $3 billion in 2023, marking a remarkable 5x surge from the $627 million recorded in 2018.

This substantial injection of capital, accounting for approximately 5% of the total funding raised in the region, underscores the growing prominence of Gulf investors in European markets.

Particularly noteworthy is the significant support extended to growth-stage companies, with over two-thirds of Gulf investments in 2023 being directed towards funding rounds exceeding $100 million. This influx of capital provides a welcome boost to European companies grappling with the challenge of securing well-capitalized investors locally.

Delving deeper into the landscape, Sifted has identified the most active Gulf investors in European startups over the past two years.

Leading the pack is Aramco Ventures, headquartered in Dhahran, Saudi Arabia. Bolstered by a substantial commitment, Aramco Ventures boasts a $1.5 billion sustainability fund, alongside an additional $4 billion allocated to its venture capital arm, positioning it as a formidable player with a total investment capacity of $7 billion by 2027. With a notable presence in 17 funding rounds, Aramco Ventures has strategically invested in ventures such as Carbon Clean Solutions and ANYbotics, aligning with its focus on businesses that offer strategic value.

Following closely is Mubadala Capital, headquartered in Abu Dhabi, UAE, with an impressive tally of 13 investments in European startups over the past two years. Backed by the sovereign wealth fund Mubadala Investment Company, Mubadala Capital’s diverse investment portfolio spans private equity, venture capital, and alternative solutions. Notable investments include Klarna, TIER, and Juni, reflecting its global investment strategy across various sectors.

Ventura Capital, based in Dubai, UAE, secured its position as a key player with nine investments in European startups. With a presence in Dubai, London, and Tokyo, Ventura Capital boasts an international network of limited partners and a sector-agnostic investment approach, contributing to its noteworthy investments in companies such as Coursera and Spotify.

Qatar Investment Authority, headquartered in Doha, Qatar, has made significant inroads into the European startup ecosystem with six notable investments. As the sovereign wealth fund of Qatar, QIA’s diversified portfolio spans private and public equity, infrastructure, and real estate, with strategic investments in tech startups across healthcare, consumer, and industrial sectors.

MetaVision Dubai, a newcomer to the scene, has swiftly garnered attention with six investments in European startups. Focusing on seed to Series A startups in the metaverse and Web3 space, MetaVision raised an undisclosed fund in 2022, affirming its commitment to emerging technologies and innovative ventures.

Investcorp, headquartered in Manama, Bahrain, has solidified its presence with six investments in European startups. With a focus on mid-sized B2B businesses, Investcorp’s diverse investment strategies encompass private equity, real estate, infrastructure, and credit management, contributing to its notable investments in companies such as Terra Quantum and TruKKer.

Chimera Capital, based in Abu Dhabi, UAE, rounds off the list with four strategic investments in European startups. As part of a prominent business conglomerate, Chimera Capital leverages its global reach and sector-agnostic approach to drive investments in ventures such as CMR Surgical and Neat Burger.

In conclusion, the burgeoning influx of capital from Gulf investors into European startups underscores the region’s growing appeal as a vibrant hub for innovation and entrepreneurship. With key players such as Aramco Ventures, Mubadala Capital, and Ventura Capital leading the charge, European startups are poised to benefit from the strategic investments and partnerships forged with Gulf investors, propelling them towards sustained growth and success in the global market landscape.


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