The Foundry, on the fringes of the Square Mile, is a private residential development, part of a much larger scheme completed by Chancery Gate. This site is located in the quiet and historic area of Plumbers Road and units on the higher floors benefit from views across The City and Canary Wharf according to their orientation. Units facing Plumbers Row have great views towards the Gherkin and beyond whilst the apartments to the rear of the development enjoy open views toward Canary Wharf.
With Aldgate East Tube station just a short four-minute walk away, access to Bank and Canary Wharf is quick and simple. It has proven to be an attractive location for corporate tenants to whom all units were rented within two weeks of completion and furnishing.
- Located in an quiet residential area that’s part of a Aldgate’s regeneration
- Priced £345,000 for a 1 bed and up to £595,000 for a 2 bed unit
- Gross yield achieved on a 1 bed unit 5.93%
- Gross yield achieved on a 2 bed unit 4.49%
- All units were leased on a corporate tenancy renewable annually with a 3-5% increase per annum (based on RPI) for a period of 3 years
For more information on The Foundry, including further details on potential re-sales from our existing clients, please do not hesitate to contact us: info@alliedinternational.com.hk
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