Oxygen property magazine spring issue 2016

OXYGEN Property Magazine Spring 2016 Issue 1

Farewell Wear & Tear:

?

to Furnish or Not to Furnish is every Landlords question.

Are we heading for a

Tight

Squeeze

in the city?

Meter wide homes, origami inspired studio flats, dustbin apartments & sleeping capsules...

Exclusive interview with

Brian

Fitzpatrick

The future of housing in London.

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We’ve come a long way ...

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Royal Victoria Investors Paradise Find out why Royal Victoria is a place to Invest today. Request our FREE “Investors Paradise” publication.

Call our dedicated Oxygen Property Management Team on 0207 055 8000 or e-mail lettings@oxygen.co.uk.

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Contents

1.

3.

Lettings

19...

6 ...Editors Letter

12...The perfect

Property

The Agenda Welcome to our first edition of Oxygen Property Magazine! It’s all about change this season, all in line with our brand revolution.

7...Contributors

Meet the team who brought this issue to life and learn a little about their expertise. It’s our job to keep an eye on market trends.

Here we explain where our individual expertise lie.

2.

Features 8...Exclusive interview with

Brian

Fitzpatrick The future of housing in London.

London Entrepreneur with 35 years of experience in the built environment talks about the future of housing in London.

10...Are we heading for a

Tight

Squeeze in the city?

We explore the weird and wonderfulspace sensitive- architectural and interior design. A few miles too far outside the box?

Maybe. But certainly a form of inspiration for our ever increasing urban population.

Balance

When renting

in the City.

Are we working to live or living to work? This article explores our preferences when it comes to renting and the consequent costs attached.

16...How can

An insight on how changes in legislation are likely to effect the potential buyer in 2016.

There’s

To Furnish or Not to Furnish is every Landlords question.

A discussion on how a Landlord could adapt to the removal of the Wear & Tear reduction tax which is bound to effect at least 43% of the industry.

4.

Sales 18...

Selling your

Property An insight on how changes in legislation are likely to effect the potential seller in 2016.

20...

26...

For Sale

A selection of our properties available to buy.

29...

5.

We discuss the upcoming changes and the potential outcome they may have on the market this year.

in 2016

4

in 2016

lifestyle

17...Farewell Wear & Tear:

Property

Buying a

Investors & Landlords

adapt to our upcoming changes?

6.

To Let

A selection of our properties available to let.

Life

After Work in Royal Victoria...

Our recommendations of local businesses.

22...

DYNAMIC

Lead a

LIFESTYLE

We list local attractions worth visiting.

23...

SPECIAL OFFERS...

Special offer vouchers for all Oxygen Property Management Clients!

24...

Is Royal Victoria an

Join the Conversation...

Follow us on social media!

in Royal Victoria...

?

INVESTORS Paradise

We unveil the future developments of Royal Victoria.

Last Publication

This is where you talk about previous issues and where copies can be requested.

Future Editions

Outline the next edition date and how you can retrieve one.

A free online subscription service is available. To join this list, e-mail kbacinska@fitzp.com.

On the Cover

Image represents the theme of our Spring issue- Innovation and change.

Image found on unsplash.com

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Editors Letter

! on ti u l o v e R a s ’ t I

We’re starting a new chapter this year, beginning with our first issue of Oxygen Property Magazine and we’re pretty thrilled for its’ release!

Oxygen Property Management are undergoing a BRAND REVOLUTION! We’re changing the way we look and improving the routes through which we deliver our services. It’s all a part of our improvement regime, a new years resolution if you like, to better ourselves for the sake of our clients.

So it’s Spring 2016 and we have themed our release edition in line with the very essence of new beginnings and change. It’s a 2016 Oxygen revolution! We thought it would be suited for us to take a look into the future of the residential sector in Royal Victoria, London as well as the rest of the world.

So we’ve examined the peculiar (and perhaps a little “revolutionary”) architecture and interior design as a direct response to the growing demand for urban living space (page 10). We look at the “hot of the press” subject of stamp duty rise for landlords this April- and the revolutionary views on how to manage the change (page 16 & 17). It’s all about change really. A change for the better. I hope you enjoy the read.

Klaudia Bacinska Klaudia Bacinska Brand Manager / Editor

Articles Written by: Haichui Hoang Klaudia Bacinska Linval Williams Nina Kaura Octavia Rolle

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Issue 2-June

Summer 2016

Our second issue will be released in June. We’ll compare living costs standards and quality of life across three major cities. We’ll give you an insight into the effects of the property industry if we exit the EU. To top it all off, we’ll include an exclusive interview with our Financial Advisor who’ll give tips and insights into the future of the property market.

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Agenda

Contributors So what did we contribute as a team? Our passion for property and our commitment to our clients, by providing insightful information whether you’re a tenant, landlord, investor,seller or buyer.

For regular updates, follow us on social media (Facebook, Twitter and LinkedIn) or join our mailing list through our website or by e-mailing your details to lettings@oxygen.co.uk.

Nina Kaura

Business Development Manager Nina looks after all of our sales clients. For over 20 years she has specialised in Property Sales and it is her expertise in this field which makes the process of selling and buying so effortless for our clients.

For our spring issue, Nina has focused her attention on the legislative changes which effect both the seller and buyer. Her view is that despite the change we could see a healthy market on both ends this year . Turn to page 18 & 19 for an overview of what to make of the changes ahead.

Linval Williams

Lettings & Maintenance Linval has extensive experience within the Property Industry. Having completed a degree in Law, he is constantly up to date with industry news and market trends. His interest in the field fuels the most thought-provoking conversations with our clients.

Linval has provided his insight on page 16 & 17 from the perspective of the Investor and Landlord.

2016 brings with it changes which at first sight- do not appear to stand in favour. His insight provides methods to overcome the potential negatives.

Octavia Rolle

Lettings negotiator Octavia specialises in lettings with a background in premium properties. She understands the importance of maintaining a healthy relationship between the landlord and tenant and works to ensure this is achieved.

Octavia’s understanding of the variety of requirements when renting a property has helped us articulate a written piece about making choices to achieve the quality of life we are all after -read it on page 12.

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Feature

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Exclusive interview with

Brian

Fitzpatrick The future of housing in London.

Meet Brian Fitzpatrick, a London Entrepeneur and Director of 10 companies, including Oxygen Property Management...

Brians’ story started in 1986 with his business partner Steven Fitzpatrick.

In 1996 the development company, Fitzpatrick’s, was created. The emphasis on the business was to acquire sites to design, build and sell utilising as much in-house capability as possible.

Fitzpatrick’s early ventures included residential developments along the River Thames , docklands as well as other construction schemes including Stanstead Airport and Harrods.

Back when Royal Victoria had no DLR, just a few apartment blocks and the London ExCel centre to its name Brian & Steve purchased, NOP Warehouse, now known as The Grainstore. This project consisted of the demolition of two bonded warehouses, keeping the original façade, and conversion to 104 residential units with commercial space.

On completion they ventured onto building the 240 residential Oxygen development.

Since Brian started developing in Royal Victoria we have seen the initiation of the Emirates Cable Car and the “soon to come” Crossrail, integrating swiftly into the regenerating area. If this isn’t a case of spotting the right development area and catering to residential demands, then we don’t know what is.

“It’s just incredible how much the area has changed in the last few years” said Brian.“The increasing demand for properties can be felt not just within

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the residential sector, but equally in the education system. Last years headlines predicted that two in five council areas in England will not have enough Primary School places for the number of children by September 2016. We see overcrowded hospitals, GP surgeries, not to mention public transport. These are all indicators of what needs to happen. This isn’t an issue specific to London or the UK alone. The global urban population is expected to grow by approximately 1.84% per year between 2016 and 2020. The world is undergoing the largest urban growth wave in history”.

commercial units. In addition to this we have other sites in London and the home counties, details of this will be revealed in the near future.”

Moving forward, we asked Brian how he sees the future of London housing, to which he responded “ We’re already aware of the ongoing population growth and it’s highly unlikely to change. We need to find ways to sustain this growth.

London will, in the years to come, see an increased appetite for property and we need to prepare to avoid the potential economically damaging consequences.”

So we asked what his thoughts were in terms of catering for this rapid increase.

“We need to focus on areas that can provide opportunities which satisfy population growth. This could mean new build developments in unused spaces as well as utilising existing buildings which have reached the end of their life cycle and re-developing them into a new form of use. We need to utilise the space we have available wisely. With my developers hat on, I understand my role in the development of the society, therefore I take such matters into consideration.”

We asked Brian about his current and future projects; “I currently have a number of ongoing projects, a former nightclub in Chelmsford city centre with planning consent to build residential units which also includes space for a local farmers market and large

Brian Fitzpatrick

London Property Entrepeneur

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Feature

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Feature

O Tight

Are we heading for a

squeeze

in the city?

Meter wide homes, origami inspired studio flats, dustbin apartments & sleeping capsules...

With a 7.5 billion world population rate which continues to rise significantly faster than ever before, it would seem that we are destined to see an increased demand for residential space in and around cities like London.

So what will the professionals of the built environment do to help accommodate this unstoppable baby boom? Spreading the borders of the city is one way to battle the issue, but what about the city itself? Surely there’s more we can do than raise apartment block storeys above the clouds.

The relationship between space and the built environment is certainly not a new design concept.

Take for instance the distinctive triangular shape of the Flatiron Building built in 1902, designed by Chicago architect Daniel Burnham.

The iconic and elegant structure comfortably utilises the rather awkward positioning of its allocated space and does so seamlessly. The triangle-shaped landmark is located at the intersection of Fifth Avenue and Broadway in New York.

The threat of overcrowding and high housing demands wasn’t as prominent back in 1902 as it appears to be today and tomorrow. Our ability to create sophisticated architectural and interior design which is sensitive to it’s space has always been a deep rooted skill. Perhaps it’s time to adapt our expertise to cater for the needs of future urban living.

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Lets take a look at the eccentric Keret House in Warsaw, Poland.

Architect Jakub Szczesny built a home in 2012 which appears wedged in a confined walkway between a pre-war house and an apartment building. The formerly un-utilised space between the residential blocks is just 112cm at it’s widest. Today, its a home with a functioning kitchen, bathroom, bedroom, living room and office.

Spread across two narrow floors the structure does not resemble your classic home from the outside, however, it effectively incorporates this “at home” sensation within the peculiar small space. Although it is designed for a short stay, it goes a long way to show us there’s potential in how we can adapt the use of refined spaces.

Yo! Sushi founder Simon Woodroofe has developed his own concept on how to battle the issue of expensive city living and space issues. In 2015, Simon revealed his plans which could revolutionise the way we live- an affordable solution to our growing city housing crisis. The design compresses a bed, kitchen, lounge, dining area and bathroom into an origami style one bedroom studio flat. The prototype design maximises the use of space where walls slide away with a gentle push to unveil a fully functioning kitchen, a dining room table appears from an under-floor compartment and a king-size bed lowers from the ceiling. The developer has already set his sights on Manhattan, Buenos Aires, Tokyo and Shanghai to implement the space sensitive affordable living- design.

Artist Gregory Kloehn has an imagination which has helped prompt social change. He has turned a New York style dumpster into his short stay home. The dustbin-turn- home contains a bed/sofa under which sits a WC, a small kitchen and even a shower on the outside. A little extreme?

Maybe. But it’s affordable living in the city. The artist has implemented this concept as a solution for the homeless communities on the streets of Boston. The Homeless Homes Project helps the community build their own shelters by using illegally dumped rubbish on the streets.

(Contd. p.11) Space responsive design certainly works a treat when considering

Owner of Keret House (Etger Keret) poses in his bedroom.

Sleeping “capsules” in a Tokyo hotel.

Simon Wodroofe showcases his Yo! Home whilst the ceiling bed lowers above the living area..

O Flatiron Building, Fifth Avenue, New York.

Feature Space responsive design certainly works a treat when considering the popularity of Tokyo’s Capsule Hotels. Tokyo is home to a hard working nation; highly committed employees who often work overtime-missing the last train home. So, the perfect solution is to book a sleeping capsule for as little as £16 per night- a bargain for Tokyo Hotel prices. Such establishments utilise pre-longated- oven likesleeping rooms or “capsules”, consisting of just enough space to slide inside and sleep. That’s an average of 6 beds in the space of a small one bed hotel room! Hard working individuals are not the only ones who resort to these sleeping “capsules” which are becoming increasingly popular and a bit of a “tourist attraction”.

Meter wide homes, origami style studio flats, dustbin apartments and sleeping capsules are all very creative, and perhaps a little controversial space responsiveconcepts. But can these original ideas prompt inspiration to deliver the solution to our growing lack of space in the city?

Modern Architecture, 2016

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Modern Architecture, 2016

Rental

O

The perfect

balance

when renting in the city

How to achieve the quality of Life you’re after ...

Over the past few years there has been a generational shift in the private rented sector with more households now living in rented accommodation for longer. A combination of affordability and flexibility makes it a popular form of living, particularly amongst young working professionals. The rise in the private rented sector has spurred an influx of developments by large-scale investors working on build-to-rent properties, which is set to triple by 2020.

The search for the perfect property is not always easy, with many considerations to be taken into account, which one is the most important to you:

Proximity to place of work:

On a day-to-day basis, if we are not at work we are home or stuck in between the two perhaps on a packed commuter train. An average London worker spends 107 hours every year travelling to work, the highest in the country with a big 36 hours difference from the second highest location. This time dedicated to travel cuts into the time spent at home and living life, which makes it one of the most important factors when looking for a property.

Price:

Have you considered moving further away from the city centre due to the rental price? On the surface, it may seem like the obvious thing to do but have you overlooked the additional miscellaneous costs that appear from making this choice such as higher proportion of income being spent on travel. A commuter working in London zone fare 1 who is relocating from a current zone 3 property to one further away in

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zone 6 can save £1800 a year in rent. But this creates an increase in travel time of 1 hour or more per day at an additional travel cost of £800 per year.

Property Condition:

A property with worn interiors can have a substantial influence on your decision to rent. Shifts in renting behaviour means households are renting for longer, making this process a bigger investment bringing with it higher expectations.

Although renters are protected from the safety of a rented property by right, these rights do not take into consideration the aesthetics itself.

Is the additional cost that comes attached with nicer property worth the improved quality of life, with the trade-off of saving for a more permanent residence in the future?

Peaceful living vs Lively:

The atmosphere of the neighbourhood can be a prominent factor too, when deciding where to live. Are you looking for fast-paced city living vs a more tranquil suburban haven or a juxtaposition of the two qualities bringing together serene surroundings within an urban setting?

Living within close proximity of the amenities found in the heart of the city and properties located near green spaces come with a premium pricetag. Properties located near a green space in London can command an additional 13% premium, whereas living in proximity of city amenities such as a train station can see increases of an additional 10%.

Octavia Rolle

Lettings Negotiator “As a lettings negotiator, I get to meet a lot of tenants with different needs and requirements. The most satisfied clients are those who are able to find a happy medium between the cost of living and their wish-list. My advice to those who are searching for that healthy work/ life balance is to stay close, but not too close. There are areas of London zone 3 such as Royal Victoria which do not seem to be on the radar. With rental prices lower by £1000 pm in comparison to Canary Wharf, it’s something tenants should start to consider. “

For further information and/or advice, get in touch with me directly by calling 0207 055 8000 or email orolle@oxygen.co.uk

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Rental

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Landlord/Investor

How can

&

INVESTORs Landlords

adapt to upcoming changes?

Buy to Let Landlords still have an opportunity to thrive...

The private rented sector is now the second biggest form of tenure after home-ownership.

Government data has shown that rent paid by tenants to private landlords last year grew by 3.9% in London. RICs anticipate the average cost of renting will continue to rise, albeit at a lower rate of 3%, however the influx of demands from migrants into the city and investments in the area are likely to push this estimation up.

The Government announced in the Summer Budget a policy change which restricts buy-to-let mortgage tax relief from April 2017.

This new Finance Act (section 24 of the finance act 2015) will prevent landlords with mortgages from offsetting mortgage interest against rental profit before tax, which contradicts a fundamental business principle of income and so- less costs equals profit.

Ultimately, the Government intends to create more opportunities for homeowners and landlords but ignores the wealthy investors who are able to make cash purchases and will remain unaffected by the change. A legal campaign has been set up by landlords Steve

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Bolton and Chris Cooper, to fight the tax relief changes for buy-to-let landlords. It has progressed onto the second stage where they have issued a Pre-Action Protocol letter to HMRC which calls for a Judicial Review of the policy change.

Steve Bolton says “There is no substantiation in the Government’s proposal that the changes will create a level playing field between homeowners and buyto-let landlords. The change discriminates against the typically smaller landlord who may incur tax rates of over 100% while making an economic loss and gives an unfair commercial advantage to many other categories of landlord unaffected by the change. “

The silver-lining is that the adaptable buy-to-let landlord still has an opportunity to thrive in the property industry by taking a more “short term” approach of selling a property within a few years of purchasing it.

This makes their portfolio less prone to turbulence experienced with these changes, it’s an approach which has given landlords a significant capital growth.

Linval Williams

Lettings & Maintenance Should the Chancellor’s tax relief reforms be ratified in April 2017, Buy to Let Landlords will be forced to make a choice: become a short term property speculator with the sole intention of buying undervalued land/ property at a low price and selling high after a few years OR to sell a chunk of their property portfolio and raise cash to diversify into other asset classes.

For further information and/or advice, get in touch with me directly by calling 0207 055 8000 or email lwilliams@oxygen.co.uk

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Landlord / Investor Section

to Furnish or

Farewell Wear & Tear:

not to furnish ?

is every Landlords question.

How should a Landlord react to the removal of Wear & Tear allowance?

Linval Williams

Lettings & Maintenance It is difficult to predict whether a property should be let furnished or unfurnished. I believe this very much depends on variables such as location, type of property and duration of the contract. For instance, properties located in zone 1 have a higher demand for furnished interiors in comparison to those on the outskirts of London. In my view, landlords who are able to provide flexibility will benefit most from these changes. To determine which way to move forward, your choice should be tailored to the unique circumstances of your property.

For further information and/or advice, get in touch with me directly by calling 0207 055 8000 or email LWilliams@oxygen.co.uk

As Landlords await the much anticipated abolition of the annual wear and tear allowance, there’s tension in the industry fuelling questions as to which basis to let out properties. The allowance previously enabled landlords to deduct (broadly) 10% of their rental income when calculating taxable profit to allow for wear and tear.

According to the National Landlords Association (NLA) research undertaken last year, almost half (47%) of landlords will be affected by this change. Research indicates that 24% of landlords resort to letting fully furnished properties, 22% offer a mixture of furnished and unfurnished properties, whilst 53% offer their properties unfurnished.

The removal of the wear and tear allowance will mostly affect landlords offering properties on a fully furnished basis, where the change will result in a reduction of the relief they can claim.

So the question is, how does a landlord offering fully furnished properties prepare for such changes? The most obvious solution which we predict will be taken by most, is to let out properties “partially furnished” or “unfurnished”. We expect to see at least a 10% rise in those categories by next year.

But we mustn’t overlook the fact that the decision to let a property furnished or unfurnished makes a significant difference to your chances of finding a tenant, as well as the kind of tenant you will attract.

Most tenants search for properties that are already furnished because it makes life easier, especially within urban areas. It could be argued that a furnished property can essentially demand a 5-10% higher rent which gives you, as the landlord, a sense of security following legislative changes should damage occur. In addition to this you may consider the option of contents insurance on the furniture and other items in a tenanted property, which we feel is a wise decision.

However, the most fundamental exercise (if you choose to remain in fully furnished operations) whether you’re private or letting through an agency, is to hire an inventory agent who will make a detailed list of everything in the property before the tenancy begins.

So how should you approach this as a landlord? Whichever letting basis you choose, ensure you take the appropriate steps.

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Seller

selling

a property in 2016.

P lans to place more first time buyers on the Market ...

London’s population is now moving closer to 10 million as it continues to attract more people moving to the city to live and work.

This migration of people raises demand for properties and places pressure on the limited supply, which currently stands at half the level of demand. In addition, construction activity slowed down in the second half of 2015 due to restraints such as labour shortage and land availability, which will no doubt continue to drive up prices of London properties.

Chancellor George Osborne announced in his 2015 Autumn Statement and Spending Review the need to tackle Britain’s housing crisis through methods such as, pledging £7million to house building and releasing land suitable for homes which will help ease the pressure in the future.

2016 brings the potential of an increase in interest rates from the Bank of England’s all time low

base rate of 0.5%. This was initially foretasted for late 2015 however unstable economic conditions have delayed the increase. Policy makers are urging for an increase, which could reduce gains from property prices as well as reduce demand for properties.

Last year London saw an annual growth of 13.8% in house prices and it is anticipated to grow at a lower rate of 4-6% this year due to the uncertainty of changes to the interest rates.

If you are considering selling, the Chancellor’s pledge to tackle the housing crisis and the potential rise in interest rates could have a big effect on your property price. Not only is the price likely to be worth more than last year, you’re also likely to see a rise of potential first time buyers with the introduction of the “Mortgage Guarantee” Scheme. This could mean smoother sales ahead for you.

Nina Kauras Advice...

Sales/ Business Development Manager

“Whether you’re a first time seller or not, the sales process is never an easy one. We always tend to question ourselves. Is the value of my house likely to be higher next year, should I wait?”

“The truth is, forecasting the market will always remain a prediction, there’s always room for surprises. The real question is, how ready are you to sell? It all starts with a valuation, which often dictates the answer to that question. There’s never a right or wrong time to sell. It’s a gamble. But if the market sits in your favour, my recommendation is that you put it on the market. Get in touch for more advice by calling me on 0207 055 8000 or e-mail me at nkaura@oxygen.co.uk. “

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Buyer

Buying A Property

For first time buyers in 2016.

Dreaming of owning a property?

2016 is a chance to step on the property ladder...

Owning a property is a dream for many. A combination of high prices and low supply has made it near impossible for some to get onto the property ladder in recent years. In fact, Government statistics indicate a drastic fall in homeownership in the UK, from 60% of under 35’s being homeowners in 2000 to half of this figure last year.

In an attempt to curb this issue the Government has introduced revolutionary higher rates of stamp duty land tax which were due to take effect on 1st of April 2016. This will predominantly affect domestic and foreign investors wanting to buy additional properties in the UK. This higher charge on stamp duty along with future changes to tax relief (currently enjoyed by landlords who use rental income to pay for loans taken out for rented properties) will likely deter additional purchases of property, opening up opportunities for the first time buyer. If this is you, it may mean there’s more fresh meat on the market and less competition to bag an opportunity.

In addition to the legislations, the Government has introduced changes to support Schemes available to first time buyers and home movers, purchasing a primary residence. This means that those who feel they can’t afford a new home could have a new door to step through.

An extension of the Government Help-to-Buy scheme, the “mortgage guarantee” was recently launched, giving first time buyers access to an interest free loan of up to £600,000 as long as you have a 5% deposit, relieving the amount remaining for mortgage. This provides an advantage which didn’t exist last year. If you are a potential first time buyer, this could be your year.

For more information on Government schemes please visit : www.gov.uk/affordable-home-ownershipschemes/overview

Nina Kauras Advice...

Sales & Business Development Manager

“ I think the buyer’s market last year has been a little overshadowed by fear. A lot of people have been assuming rather than checking to see if they are eligible to buy. “ “With the introduction of the “Mortgage Guarantee” scheme, I believe this will open a lot of doors.

The best way to be sure of whether or not you can buy is to speak to an expert. More often than not, Mortgage Advisers can provide you with a forecast to see if you are eligible, often as a free service.

It’s also an opportunity to find out what you can do to realise your dream of home-ownership. The issue is, not many are confident enough to make this step. My advice is, book an appointment. Get in touch with me for suggestions. 0207 055 8000 or e-mail me at nkaura@oxygen.co.uk. “

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Life After Work 1

There’s

in Royal Victoria...

Our collaborative approach to business means there’s more for you...

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As part of our initiative, we are collaborating with local businesses to give our clients more. As local experts we have tried and tested the local hotspots, and based on our recommendations we have outlined places you should try out this Spring!

We’ve sneaked in some offers too....

Hair & Grooming ...

1 Health & Spa...

Located just a short walk from our office the VA Salon offer a wide range of services including hair, nails and massages for ladies and gents! With friendly staff and talented hairdressers who take the time to listen to your request, we have never left the salon feeling less than pleased with the result. They have even provided us with an exclusive offer, see page 23. Book your appointment by calling 020 7476 3272 or visit www.va-salon.com!

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Living and working in a fast paced city like London can be stressful which is why it’s important to take time out and treat yourself from time to time. At VA Salon you’ll find a whole range of treatments to help take a load off your mind. But what we love most is the “Oxygen” face-mask for which you’re entitled to a discount (see page 23) .

Book your appointment by calling 020 7476 3272 or visit www.va-salon.com.

Fitness ...

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We all know the importance of keeping active in order to maintain a healthy lifestyle. Located in the prestigious Crowne Plaza Hotel is the Quad Health Club & Spa with gym facilities, swimming pool and spa. On the radar this spring is the growing popularity of the Aqua Cycling Classes led by award winning club, aquAllure- perfect for those of you that are on the lookout for something a little more unconventional. The aqua-cycling classes are on 5 times per week and numbers are limited, making classes more intimate & intense! Contact aquAllure on 0208 935 5043 for times and prices.

For those of you who are considering joining a gym, if you rent through Oxygen Property Management, you will not be charged a joining fee for your membership. All you’ll need to do is prove that you are an Oxygen Client! Call the Quad Health Club & Spa for more information - 0207 055 2118 .

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LIFESTYLE

Coffee Break...

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What’s life without a good cup of coffee... Fratelli offer a wide range of Italian themed foods and a large selection of tasty coffees. Don’t take our word for it, visit them and receive a 10% discount if you are a Oxygen Property Management client. See page 23 for offers. (Proof that you are an Oxygen client may be needed) Fratelli is the perfect spot for a filling breakfast or lunch. When the sun comes out, you can even sit outside and enjoy the view!

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Afternoon Tea...

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We’ve been investigating and LAUNCHING SOON is the “Tea at the Docks” at Crowne Plaza! Consisting of a signature selection of British treats the talented chef’s are attempting to bring back childhood memories connected to the Cockney East End by baking the perfect treacle tart as part of the Afternoon Tea dessert.

They’ve worked hard to make this the best treacle tart in London. It can’t be beaten! Don’t take our word for it, call 020 7055 2119 for more information and reservations.

Wine & Dine...

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Royal Victoria has a variety of restaurants and bars to satisfy all kinds of taste-buds. As part of our spring edition, we have arranged a generous OPM client discount at the Crowne Plaza restaurant and bar (page 23).

The kitchen is filled with dedicated chefs with a passion for cooking. How do we know? You can taste it in every bite! In the evenings, the bar is open and even has an outdoor area perfect for summer nights. With friendly and attentive staff, it’s a place worth visiting.

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Dry Cleaning & Laundry...

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Life on the go can often mean squeezing time to the point where work and chores take over the Monday-Friday routine. This is why local Dry Cleaners are at times such lifesavers! Tried and tested, the Waterside Dry Cleaners have an offer we ourselves couldn’t resist. 5 shirts cleaned & pressed for just £7.50, that’s 30 minutes a week back in the schedule! If you are one of our residents, take advantage and quote “OXYGEN” to activate your discount. Proof of being an Oxygen client may be required to activate discount.

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3 Canary Wharf

1

2 The O2 Arena

Thames Watersports

4

DYNAMIC

Emirates Airline The Crystal

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The Excel

Lead a

LIFESTYLE

5

in Royal Victoria...

Royal Victoria offers a dynamic lifestyle for its inhabitants. Just minutes away from the city centre the area offers an unusual tranquillity even though it is a part of London’s zone 3. Here we set out the top 7 attractions for those living in the area.

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1. The O2 Arena

Based in Greenwich the arena hosts world wide famous concerts and shows. The O2 itself is an architectural landmark and even offers walks across the building for a friendly charge.

2. Thames Watersports

Throughout the summer the docks offer jet skiing, river rat race, paddle boarding and much more for the sports enthusiasts.

3. Canary Wharf

Royal Victoria and the surrounding area is known for its tranquil environment when compared to other central locations. Lively nightclubs, bars and restaurants are just a short ride away.

4. The Crystal

The Crystal is an exhibition centre which is home to the worlds largest exhibition space dedicated to showcasing the future of cities. The structure itself is one of the worlds most sustainable buildings.

5. Emirates Airline

The cable car crosses the River Thames between Royal Victoria and Greenwich Peninsula. The cars arrive every 10 seconds and flights take approximately 10 minutes each way.

6. The ExCel

The exhibition centre is just a short walk away. Annual shows include the Boat Show, Comic Con, Cake and Bake Show, The Wedding show and many more.

5

Your

special

OFFERS

in Royal Victoria...

Offers are exclusive to Oxygen Property Management Clients, proof of this may be required to validate offer. To activate your offer please produce the below vouchers. Offers end 1st June 2016. Terms and Conditions apply as specified by each individual business.

20%

off

On food & beverages for all Oxygen clients.

Present this at reception in return for a partnership card.

Terms & Conditions apply- ask instore for full details.

Offer ends 1st June 2016.

10%

off

For Dry Cleaning Services on your first visit. Call 0207 511 7979 for details.

Terms & Conditions apply- ask instore or call the number above to find out more. Offer ends 1st June 2016.

free Croissant When you buy a large coffee at the Royal Victoria caffe fratelli.

Terms & Conditions apply- ask instore for full details.

Offer ends1st June 2016.

oxygen facial

Treat yourself to an Express Oxygen Facial for just £25 when you present this voucher on your first visit.

Terms & Conditions apply- ask instore for full details.

Offer ends 1st June 2016.

Free Pass Try out the Quad Gym Facilities for free on your first visit. Call 020 7055 2118 to book or for more information about this offer.

Terms & Conditions apply- ask instore or contact the club for full details. Offer ends 1st June 2016.

Hair Special

Cut & Blow Dry (All Lengths) just £25. Gents Cut & Finish just £15- Exclusive to Oxygen clients.Book by calling 020 7476 3272.

Terms & Conditions apply- ask instore or call the number above to find out more. Offer ends 1st June 2016.

Free

AQUA-Cycling Class

A complimentary Monday aqua-cycling session at the Crowne Plaza Quad Gym. Subject to availability and terms & conditions. Offer ends 1st June 2016. To book call 0208 935 5043 or email us at info@aquallure.co.uk

10% off

Enjoy 10% off at Royal Victoria Fratellis if you are an Oxygen Property Management client.

Terms & Conditions apply- proof may be required to activate discount.

Offer ends 1st June 2016.

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lifestyle 7 1

11 6

2 4

10

3

9

?

Is Royal Victoria an

INVESTORS Paradise

As an Estate Agency operating within the E16 area you would expect no less than for us to claim this area is worth investing in. So to support our claims, we’ve undertaken comprehensive research with statistical facts collated from sources including RICS, Zoopla, the National Concensus and National Statistics.

To view the full scope of our findings, please request our Investors Paradise Publication by e-mailing lettings@oxygen.co.uk.

64%

of properties in Royal Victoria are classified as “to let” making the area popular for rentals.

Over the past 5 years we have identified an overall increase in prices of the average home. Our calculations tell us that prices have risen by approximately 30% in the E16 area in comparison to a 13% rise in the rest of the UK. With a difference of more than double that of the rest of the UK, Royal Victoria and surrounding areas in E16 confirms its position as an investment area with great growth potential making it a worthwhile investment for the future.

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Map Key

E16 and its surrounding areas are quickly becoming one of London’s sought after residential areas.

With ongoing regeneration schemes and planned developments E16 is a great place for investments for private buyers as well as buy to let. The following are a number of developments which have been granted or are awaiting planning permission with a predicted impact on the price of properties in years to come.

1 2 4 3

London City Island

A unique Island neighbourhood on the Leamouth Peninsula by Canary Wharf. The 14 acre “miniManhattan” adjacent to London’s most exciting creative and commercial districts. Surrounded by water and connected by a specially commissioned bridge, it is thoughtfully landscaped and will be the home to the English National ballet. Project costs £700 million and is due to complete in 2016.

Asian Business Port

Construction to begin later this year creating a 35 acre state-of-the-art business port of high quality work, retail and leisure space totalling £1.7 billion. Due for completion in 2017.

Pontoon Dock - Silvertown Quays

Millennium Mills, one of the major landmarks of London’s industrial past, will be the focus of seven million square feet of development that will bring cafés, restaurants, commercial and community buildings to the docks.

Royal Albert Basin

Riverside community transforming a disused site with mixed use as well as new public spaces along the river front and around Gallion’s Reach DLR Station. Investment in road and public realm infrastructure has also been made. Over 1500 new homes for sale as well as a proposed marine-based industry and a commercial boatyard providing services to London’s leisure and working craft operating on the Thames 4 Pontoon Dock. £3.5 billion total cost, completion estimated in 2017. Up to 3000 new homes, 21,000 new jobs and an annual benefit of around £33 million.

5 6

Arcelor Mittal Orbit Slide

It will be the world’s longest and tallest tunnel slide, measuring approximately 178m long and will be 76m high. The descent will take about 40 seconds; average speed will be six metres a second, around 15mph. There are transparent sections on the slide so you can marvel at the view. Due for completion in spring 2016.

Hoola Apartments 360 individually designed studios and apartments in two iconic towers. Rippling glass endless balconies surround these two virtually identical 23 and 24 storey residential towers.

360 degree views over the Royal Docks, the Thames, O2 Arena, the Olympic Park, the skyline vista of Canary Wharf and the City of London. One of the greenest buildings in the world. Due to complete in October 2016.

Lifestyle

7 8 9

Regeneration of Canning Town

Ten year regeneration project of 62 acre site in the Royal Docks led by The Silvertown Partnership will create up to 20,700 new jobs and 3,000 new homes, as well as 179,000 sq. metres of office space and 222,000 sq. metres of brand units. Cost of scheme is £3.7 billion due for completion in 2024. After completion it is expected to attract 13 million visitors a year and to provide £3 million per year boost to the local as well as overall London Economy.

Stratford Town Centre Redevelopment

Stratford Centre regeneration amongst the proposals are a new 1,875 sq. metre public sphere, complete rejuvenation of Morgan House, two new residential towers with 590 apartments and the re-cladding of the Stratford Centre multi-storey car park.

London City Airport, Western Pier

New Western Pier which will create a bright, open plan space with modern seating, electronic boarding gates, work spaces, quiet areas and charging car points costing £16 million. This is due for completion in the Summer of 2016. Area capacity will increase by 84% with space for new retail and food and beverage outlets, and accommodate 600 additional seats.

10

New Phase of Canary Wharf

The innovative architects of the Tate Modern and Beijing Olympics have designed a 57-storey skyscraper to stand as a centre piece for the new development. The skyscraper will be designed to be cylindrical and face the South Dock providing exceptional water views. 3,500 luxury homes will be developed along with two new hotels and 1.9 million sq. ft. of commercial offices £200 million.

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Royal Gateway, Jude Street

Brand new all 2.2 acre private development comprising of 336 exclusive apartments and penthouses. Royal Gateway will comprise of 5 apartment blocks providing unrestricted views over London’s iconic skyline, complete with a proposed concierge, podium landscaped gardens and secure parking reaching completion in 2017.

Crossrail

Crossrail is a capacity enhancement rail project introducing new fast, high frequency, high capacity railway on a new 118 km track from Reading, Maidenhead and Heathrow in the west, through central London to Shenfield and Abbey Wood in the east. £16 billion total cost, estimated completion in 2019.

River Tunnel Crossing

If approved construction could start in 2017 on a proposed Silvertown Tunnel which will connect the Greenwich Peninsula with the Royal Docks ,easing congestions. Total cost could reach £750 million. Waiting on approval.

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SPOTLIGHT PROPERTY

OXYGEN

properties For Sale...

View all for sale here...

For Sale Capita Towers ÂŁ350,000

Stratford

Due for completion this year, we have on offer a luxury 1 bed apartment on the 6th & 7th floor featuring winter gardens, roof garden,fully equipped gym as well as concierge services.

More details...

To book a viewing or to request further information, contact our dedicated team on 0207 055 8000. Please see our website or contact us for information on other available properties.

SALES | LETTINGS | MAINTENANCE | MANAGEMENT Unit A The Oxygen | 18 Western Gateway | London | E16 1BL Tel: 0207 055 8000 | Web: www.oxygen.co.uk | E-mail: lettings@oxygen.co.uk

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Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details...

Coral Apartment £499,950 Oxygen Property Management is pleased to present this stylish 1 bedroom flat on the eleventh floor, located in Royal Docks,

   

Fully integrated open plan Kitchen Spacious, open plan living room Amazing dock views, from private balcony On site gym Contact: 0207 055 8000 lettings@oxygen.co.uk

Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details...

The Oxygen £565,000 Oxygen Property Management is pleased to present this stylish 2 bedroom 2 bathroom flat located on the tenth floor, in Royal Docks,

   

Fully integrated open plan Kitchen Spacious, open plan living room private balcony Secure underground parking Contact: 0207 055 8000 lettings@oxygen.co.uk

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Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details...

Hoola Development £ 426,00 0 Oxygen Property Management is pleased to present this stylish brand new 1 bedroom flat located on the 6th Floor, in the heart of the Royal Docks,

  

24 hour Concierge Spacious, open plan living room Communal Landscape gardens Contact: 0207 055 8000 lettings@oxygen.co.uk

More details...

Warehouse W £625,000 We are pleased to offer this stylish one bedroom apartment boasting light and large living space with floor-to-ceiling windows, exposed brickwork, attractive wood beams, south facing to the docs.

    

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One Master Bedroom Modern Appliances Two Bathrooms Dock Views Open Plan Reception & Kitchen area Contact: 0207 055 8000 lettings@oxygen.co.uk

OXYGEN

properties To Let...

View all to let here...

to let Relton Mews ÂŁ1,800 PER WEEK

Knightsbridge

Tucked away within an attractive mews is this beautifully presented three bedroom house, arranged over three floors including a courtyard roof terrace and garage.

(Please note the property is unfurnished)

More details...

To book a viewing or to request further information, contact our dedicated team on 0207 055 8000. Please see our website or contact us for information on other available properties.

SALES | LETTINGS | MAINTENANCE | MANAGEMENT Unit A The Oxygen | 18 Western Gateway | London | E16 1BL Tel: 0207 055 8000 | Web: www.oxygen.co.uk | E-mail: lettings@oxygen.co.uk

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Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

Howard House £1,516.66 pcm

More details...

Oxygen Property Management is pleased to offer This two bedroom flat dockside development it is well presented There is a separate kitchen and the lounge benefits from having a bright and airy feel. This property available from NOW.

  

Secure parking West Silvertown DLR station Newham Property Licence has been applied for Contact: 0207 055 8000 lettings@oxygen.co.uk

Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details...

Adriatic Apartments £1400.00 pcm Oxygen Property Management is pleased to present this modern 1 bedroom property located in Royal Victoria.

    

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Fully fitted open plan kitchen Residents Gym Parking Space Double bedroom with fitted wardrobe Newham property licence has been applied for Contact: 0207 055 8000 lettings@oxygen.co.uk

Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details... Frognal Lane £10,833.33 PCM Hampstead, London

Oxygen Property Management is pleased to present this stunning 4 bedroom House located in the heart of Hampstead. This property available from 1st July.

   

Original Parkay flooring Study, and downstairs WC Off street parking Beautiful secluded south facing garden Contact: 0207 055 8000 lettings@oxygen.co.uk

Oxygen Property Management Unit A, 18 Western Gateway, London, L Tel: 0207 055 8000 www.oxygen.co.uk

Email: lettings@oxygen.co.uk

More details...

Ferncroft Avenue £5200.00 PCM Oxygen Property Management is pleased to present this beautiful 4 bedroom 2 bathroom House located in the heart of Hampstead. This property available from 28th APRIL.

   

Private Garden Off street parking Spacious detached house Located next to Hampstead High street Contact: 0207 055 8000 lettings@oxygen.co.uk

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Oxygen Property Management Ltd (OPM) is an award winning estate agency offering sales, lettings and comprehensive management services for properties across East and Central London. We manage and maintain an impressive portfolio of residential and commercial properties using sophisticated systems which help us deliver outstanding services to our clients.

Thanks to the long standing relationships we have developed over the years with our Blue Chip Clients, today we are an established point of call for all commercial and residential needs.

Our goal is to syndicate traditional values and services with contemporary advances and sophisticated marketing tools to provide each one of our clients with a unique service, tailored to meet individual needs and aspirations. Our dedicated team offer services in:

- Sales (ranging from city view apartments to luxury family homes) - Lettings (across central and greater London) - Management (average 300 contracts by our establisherts) - Maintenance (24 hour service) This publication has been created with the intent of providing our clients with an insight into the industry. If you would like to find out more, please do not hesitate to contact us.

Oxygen Property Management Unit A The Oxygen 18 Western Gateway London E16 1BL Tel: 0207 055 8000 E-mail: lettings@oxygen.co.uk Web: www.oxygen.co.uk

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