Embassy Gardens: The first piece of the Nine Elms jigsaw
There's been a lot of talk about Nine Elms recently. As part of a huge regeneration project that will stretch across the next decade, 18,000 new homes, two tube stations and a new bridge are all coming to the area, which straddles the north-eastern corner of the London Borough of Wandsworth between Battersea and Vauxhall.
The Nine Elms project is so vast that once the new river path opens, it will take around 40 minutes to walk from one end to the other. Grand schemes such as this always seem to take place a long way in the future, but Embassy Gardens, at the heart of the project, is already in motion. Indeed, some tenants have even started moving in to its first phase.
Embassy Gardens overlooks the five acre site of the new US Embassy (which will come complete with a moat), and draws inspiration from across the pond, with designs based on estates in New York and Boston. The 15 acre development will result in the creation of up to 2,000 new homes, in excess of 100,000 sq ft of retail and leisure space and a stunning linear park linking Vauxhall and Battersea Park.
Unlike many developments, which tend to either compliment or clash with their neighbouring community, Embassy Gardens is the start of something new – a fresh district in what is set to be one of the biggest regeneration projects in Europe.
Gyms, a cinemas and a spa
In-between the completed first phase and the fast-growing second phase of Embassy Gardens sits Johns & Co estate agents, and their office here is so new that when I arrive a giant model of the development is being carried through the door.
Johns & Co focuses primarily on letting and property management, though its resale division is growing significantly. Despite only being in existence for 18 months, the agency also markets the prestigious 21 Wapping Lane and New Providence Wharf developments and has even released its own property management app, called Details.
The homes at Embassy Gardens are of high calibre, and their initial pricing structure reflects the significant interest in Nine Elms. The properties feature parquet floors and fully glazed floor-to-ceiling windows offering panoramic views across London, and soon there will be a gym and spa, cinema, swimming pool and business suite on site, as well as 24-hour concierge service.
Buyers and tenants are already expressing interest. Of the apartments already complete, a one-bedroom property is available for £770,000, with a two-bedroom, two-bathroom home on offer for £1.075m.
On the lettings side, Johns & Co currently lists a 5th floor one-bedroom property of 611 sq ft for £550 a week, with a two-bedroom, two-bathroom apartment on the 11th floor on offer for £700 a week.
Devil in the detail
There is an added bonus in store for those renting at Embassy Gardens, with the launch of Details, a new smartphone app by Johns & Co that is available for all of their tenants.
The app provides easy access to their range of concierge services from anywhere around the world, including housekeeping, key cutting and car valeting.
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