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5 bed property, in The Penthouse, £12,000,000
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5 bed flat

The Penthouse, 205 City Road, London EC1V 1AT
£12,000,000
+33.3%

Price History

Initial price £9,000,000
Jan 31, 2024 £12,000,000
Price Change 33.3%

Our Summary

  • Investment Consideration: Comprises 5-bedroom penthouse arranged over top two floors (26th-27th) of a brand-new residential development Stunning rooftop terrace offering 360 views of London skyline Airspace rights to one storey above the terrace which allows for future development opportunity STTP Property benefits from 2 underground car parking spaces Eagle Point offers facilities including a 24hr concierge, GYM, plunge pool, sauna, steam room and resident`s cinema Situated within short walk from Old Street underground and train station, with nearby occupiers include Costa Coffee, Starbucks, Pret-a-Manger, Itsu and many more
  • Airspace rights to one storey above the terrace which allows for future development opportunity STTP

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Description

This luxurious penthouse apartment is situated in the top two floors of a brand-new residential development in the heart of London. The property boasts 5 bedrooms, 3 bathrooms, and a spacious open-plan living area with floor-to-ceiling windows offering breathtaking views of the city. The crowning jewel is the 27th-floor private rooftop terrace, spanning 353 sq m, which provides 360-degree views of the London skyline.

The property also benefits from airspace rights to one storey above the terrace, allowing for future development opportunities. Additionally, it features 2 underground car parking spaces, 24-hour concierge, gym, plunge pool, sauna, steam room, and resident's cinema. The property is located within a short walk from Old Street underground and train station, with nearby occupiers including popular cafes and restaurants.

The property is held on a long leasehold with a term of 250 years, and the ground rent is £1,300 per annum, with a rent review every 10 years linked to RPI.