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First-Time Buyer Apartment Launch At Exclusive City Site

Posted 24 November 2021 by Keith Osborne

St George and the London Borough of Tower Hamlets have unveiled six luxury apartments with priority for local buyers...

St George – part of recent WhatHouse? Awards Gold winner of Best Large Housebuilder, Berkeley Group – has just launched six first-time buyer homes at London Dock’s Merino Wharf.

These apartments are being delivered by St George in partnership with the London Borough of Tower Hamlets at a discount below market value, exclusively to qualifying applicants living or working in the Borough. The two-bedroom homes are available from £247,320, which represents deed of ownership from 25% (full market value £989,280).

Each apartment in Merino Wharf enjoys access to some 7.5 acres of landscaped open spaces and boulevards, in what is set to become a thriving new London neighbourhood. It will include 180,000 sq ft of bars, shops and restaurants. Weaving the area’s maritime and trading history with modern-day luxuries, residents also have access to the development’s virtual golf suite, state-of-the-art gymnasium and private cinema.

The docks, first open in 1805, once posed as Britain’s gateway to both the New and Old Worlds and has also been the backdrop of several Charles Dickens novels. It’s all only a short walk from Tower Hill and Aldgate, and soon to be connected to the Elizabeth Line via Whitechapel.

London Dock Tower Hill underground station is an eight-minute walk, conveniently connecting the area to west London, whilst Wapping Overground is just 10 minutes’ walk away, connecting residents to east London’s hotspots and Canary Wharf. London City Airport is only 17 minutes away by train.

Open-market apartments currently start at £1.212million. Find out more about London Dock from St George.

 

Find retirement homes in the London Borough of Tower Hamlets
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A Guide To Part Buy Part Rent
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