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Tiny one-room flat with BATH in the lounge and kitchen by the bed is up for rent at £1,000-a-month

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Tiny one-room flat with BATH in the lounge and kitchen just few feet away from the bed goes up for rent for £1,000-a-month in London

  • A cramped studio flat that is up for rent in south London is so small it has a bath located in the lounge
  • The property, that is in the ‘highly sought after’ Wimbledon area, has a bed only feet away from the kitchen
  • Renters will have to fork out over £1,000-a-month to live in the odd space, though bills are included

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A tiny studio flat has been mocked because it costs over £1,000-a-month to rent and the bath is located in the lounge.

While the bed is found only feet away from the kitchen area, with a giant telly on the wall.

The south London property is on the market to rent for an eye-watering amount considering its size.

The bath is right by the back door leading out to a small private area on a patio garden.

The listing states that it has been ‘designed to maximise the space available’ and adds that the bathroom has ‘been cleverly designed to be fully hidden from view’, but this appears just to be a shower curtain.

A compact studio flat in Wimbledon is charging more than £1,000 a month for the luxury of having a bath in the lounge (pictured)

A compact studio flat in Wimbledon is charging more than £1,000 a month for the luxury of having a bath in the lounge (pictured)

The property's bed is located just feet away from the 'Kitchenette area', which boasts a microwave and kettle

The property’s bed is located just feet away from the ‘Kitchenette area’, which boasts a microwave and kettle

The flat has a 'self contained pied-a-tierre' (pictured) with a small table and two chairs

The flat has a ‘self contained pied-a-tierre’ (pictured) with a small table and two chairs

The flat in upmarket Wimbledon Village will cost lodgers £1,150 per month – or £265 per week – to live in it.

Bills are included within the rental and there is a secure parking space available.

One home hunter fumed: ‘London cost of living is so disgusting that you pay £1,150 per month to rent a bath in a bed/kitchen as advertised on Rightmove today.

‘Living in a decent home is an essential and fundamental basic human right.

‘It shouldn’t be a privileged novelty.’

The letting agent said it would be ideal for someone to rent for the Wimbledon tennis tournament which starts next month.

The All England Tennis Club, where the grass championship is hosted, is just half a mile away.

A Twitter user bashed the listing, calling the price of the studio flat 'disgusting'

A Twitter user bashed the listing, calling the price of the studio flat ‘disgusting’

The listing says the flat is 'finished to an exceptional standard' and is available for short term rent

The listing says the flat is ‘finished to an exceptional standard’ and is available for short term rent

The toilet is found opposite to the bath and appears to have more than a curtain separating it from the lounge, unlike the bath

The toilet is found opposite to the bath and appears to have more than a curtain separating it from the lounge, unlike the bath

It is being let by CHK Mountford and advertised via Rightmove, the property listing reads: ‘Set on the ground floor of a wonderful detached private residence in the heart of Wimbledon Village is this self-contained pied a tierre.

‘The property has been immaculately refurbished to a very high standard and has been cleverly designed to maximise the space available.

‘To the front of the property is a small private patio.

‘The room is fully furnished and there is a small kitchenette area complete with sink, microwave and fridge.

‘There is a separate WC and a bath which has been cleverly designed to be fully hidden from view if required plus a generous storage cupboard/wardrobe.

‘One parking space is available and is set behind the properties private gates offering complete secure parking.

‘This property would be ideal for a working professional looking for a weekday base and who is looking for something which is centrally located and finished to a high standard.

‘All bills are included within the monthly rental.

‘Available on a short or long term basis, please note that for a short term rental the cost would be on a weekly basis.

‘And would be at a higher rental amount than for a long term tenancy – please contact the office directly for verification of the weekly rental.

‘The property is available for rental during Wimbledon Tennis event and is the perfect base for those wanting to be close to the site and have secure parking in addition.’

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Verdion starts on logistics development in Nettetal (DE)

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Verdion has started the development of a new €30m logistics facility on the outskirts of Nettetal near the German-Dutch border and Rhine-Ruhr metropolitan region. The speculative project is part of the value-add strategy of the Verdion European Logistics Fund (VELF) 1, which invests in last-mile logistics and value-add assets in northern and central Europe.

 

On completion in Q2 2023, the new facility at Herrenpfad-Sud 40 will offer 21,560m² of Grade A logistics space in up to four units, with 18,575m² of warehousing with 20 loading bays as well as 950m² of office and mezzanine space.

 

Verdion is targeting a DGNB Gold sustainability certificate for the highly energy-efficient building, which will not be using fossil fuels as a primary energy source and provides charging points for electric vehicles and cycle parking for a carbon-neutral commute. Additionally, the roof and electrical infrastructure will be prepared for solar energy generation. The site itself is located in the established Herrenpfad Sud industrial estate in Nettetal between Monchengladbach and Venlo, directly on the German-Dutch border and within striking distance of Germany’s largest conurbation, the Rhine-Ruhr metropolitan region.

 

Florian Stobe, Head of Investment – Germany at Verdion, said: “Within the framework of Verdion’s sustainability strategy, we determined that rather than modernising and extending the existing building as originally planned, a full-scale redevelopment would better serve this market and meet the fund’s ESG standards. We are already seeing a great deal of interest in the new space, based on its strategic location and the strength of demand for last-mile distribution space for customers in the Rhine-Ruhr metropolitan region. With this strategy in Nettetal and other assets in the VELF 1 fund coming forward, we are creating value at the same time as providing new space in undersupplied markets.”

 

 

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LaSalle and Accumulata to develop Munich’s first hybrid timber office building (GB)

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LaSalle Investment Management, acting in collaboration with ACCUMULATA Real Estate Group, will develop Munich’s first hybrid timber office building. The building is being constructed on behalf of Encore+, LaSalle’s flagship pan-European fund. Situated on Elsenheimerstrasse in the city’s Westend district, the office building will have a floor area of approximately 16,000m². With dismantling of the existing building on site already underway and construction due to begin in the third quarter of this year, the project is scheduled for completion during the first quarter of 2024. Lettings are already being marketed in collaboration with CBRE, the lead estate agent.

 

Designed by the leading Munich-based architectural firm Oliv Architekten, the asset will provide flexible, multifunctional spaces including a ground-floor café/bistro and landscaped roof terrace, as well as various wellness amenities, including a yoga studio and a relaxation lounge. Tenants will also enjoy bicycle parking, electric charging points and a smart underground car parking facility. Furthermore, the building will provide customisable office units and creative collaboration spaces, ensuring the asset is well-positioned for the future.

 

In terms of its environmental credentials, the project meets the highest sustainability standards across all areas, including construction, materials and operations. Having already received a DGNB “Platinum” precertification, the asset will be constructed using concrete reclaimed from the existing building currently situated at this location. All materials used in construction will be documented in a material passport, showing where and how the various components were sourced and installed, ensuring they can be repurposed at the end of their service life. These measures are projected to reduce embodied carbon by up to 25%. Embodied carbon will be low at 366kg CO2e/m², significantly below the RICS Building Carbon Database (offices) average benchmark of 1291kg CO2e/m².

 

The use of timber in the building’s load-bearing structure will ensure that approximately 1,100 tonnes of carbon will remain stored in the building fabric, rather than emitted into the atmosphere. During the course of the asset’s lifespan, emissions associated with the building’s operation will be reduced by 65% in comparison to a typical office building through the integration of a photovoltaic system, efficient heating, cooling and ventilation systems and the use of a ground water heat pump. The building will also harvest and store rainwater, supplying irrigation systems for the benefit of surrounding green areas.

 

David Ironside, Fund Manager of Encore+ at LaSalle Investment Management, commented: “This is an industry-leading and best-in-class project. The first of its kind in Munich, its design in accordance with circular economy principles and resource-conserving operation will serve as a benchmark in sustainable real estate. Located in one of the most sought-after office submarkets in Munich, the property will be extremely well placed to meet the ever-evolving demands of future tenants around sustainability, quality, amenities and infrastructure while providing attractive long-term returns for our investors.”

 

Markus Diegelmann, Managing Partner at ACCUMULATA Real Estate Group, added: “The start of demolition marks an exciting first step in the development of what will be one of the most sustainable office projects in Munich. At ACCUMULATA, we aim to promote the concepts of urban mining and the circular economy within the construction sector and this project is firmly aligned with this objective. By utilising ultra-high-quality and recyclable materials, we are creating an office building that can meet occupiers’ shifting requirements, both in terms of flexible working environments and sustainability standards.”

 

Georg Illichmann, Managing Director at CBRE GmbH, said: “As the first hybrid timber office building to be constructed in Munich, the project achieves all the modern-day requirements tenants demand from office buildings: easy accessibility to public transport, sustainability credentials and working spaces that promote communication, creativity and innovation. The building’s use of timber, unique to the Munich office market, will not only support the building’s sustainability credentials but also the wellbeing of occupiers. At CBRE, we are proud to be leading on the marketing of this unique asset and be involved in ground-breaking project in the German real estate market as the lead estate agent.”

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Cain provides €99.7m for London office development (GB)

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Cain International has agreed an €99.7m (£86m) development loan with BauMont Real Estate Capital  and YardNine for the development of a 95,000ft² highly sustainable, best in class office-scheme at 100 Fetter Lane in central London known as ‘Edenica’. The asset was acquired by BauMont in January 2021 with development partner, YardNine. Located in City Mid-town, in close proximity to Farringdon, the development benefits from easy access to the newly opened Elizabeth Line via Farringdon, as well as City Thameslink and Chancery Lane stations, with a diverse range of cultural, leisure, retail and educational amenities nearby.

 

The asset received planning consent in September 2021 for the delivery of a new 12-storey development, with over 8,000ft² of roof gardens, a new pedestrian route and garden square at ground level, alongside more than 230 cycle spaces. In addition to the light filled workspace the scheme will include a new café and F&B uses.

 

The building, situated at 100 Fetter Lane, has been named ‘Edenica’, a reference to the extensive outdoor spaces which form part of the scheme and adjoin it. The project is targeting the highest environmental standards of BREEAM Outstanding, WiredScore, SmartScore and WELL certifications.  Sustainability, technology and wellbeing are extensively incorporated into the design. This includes voluminous office space with clear heights of over 3 metres, openable windows to enable mixed-mode ventilation, extensive planted terraces to encourage biodiversity and provide significant external breakout spaces, facilities to encourage active modes of travel, and high-performance 100% electric building designed with the Waterman Group to ensure the building uses as little energy as possible and achieves Net Zero carbon emissions in use. Construction work has commenced on site and the scheme is due for completion in Summer 2024. 

 

Tanja Yerolemou-Ennsgraber, Senior Vice President – Real Estate Finance at Cain International, said: “We are excited to partner with an experienced sponsor and developer duo, joining their journey to deliver a best-in class office scheme. The project embraces the needs and desires of the future occupier, being mindful about their experience and bringing it to the fore. BauMont and YardNine have successfully unlocked a fantastic development opportunity and we are pleased to bring our construction financing expertise to the table and see Edenica unfold.” 

 

Damien Pasini, Director at BauMont Real Estate Capital said: “Following the recepit of planning permission last year, securing development financing is another significant milestone for 100 Fetter Lane. We look forward to working with Cain and YardNine to deliver a highly sustainable and innovative workplace in one of Central London’s most vibrant submarkets.”

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