Guide type: Property Investor
25th September 2017
The Stage is a joint venture undertaken by Galliard Homes in association with Cain Hoy, McCourt, Vanke and The Estate Office Shoreditch, and will comprise 412 luxurious apartments surrounded by more than 400,000 sq. ft. of commercial and retail space, rooftop public landscaped gardens, and a central piazza housing a heritage centre dedicated to Shakespeare’s Curtain Theatre, which stood on the site more than 400 years ago.
Designed to create a new cultural hub and a five-star residential landmark in this increasingly popular City Fringe destination, a stake in The Stage is sure to reap substantial rewards. Here are 10 reasons to invest at this world-class destination, coming soon to Shoreditch:
The Stage will be just five minutes’ walk from Liverpool Street station – the City’s principal railway terminus – which has already commenced running Crossrail services. Considered Britain’s ‘most ambitious transport project’, homes within a mile’s radius of an Elizabeth line station have risen by a whopping 66% since construction first started in 2009, according to Hamptons International.
Each property at The Stage will come with a complimentary three-year membership to the luxury fitness facility, Equinox, which will be situated on-site and feature a state-of-the-art gym, spa and café.
The Stage will be the first development of its kind with a heritage centre dedicated to Shakespeare’s original Shoreditch playhouse, The Curtain Theatre, which dates back to the late 16th century, and is said to be where ‘Henry V’ premiered. Archaeologists from the Museum of London Archaeology first discovered the remains of the theatre underground in 2012, with a detailed excavation taking place in 2016 prior to The Stage’s construction. Once the development is completed in 2021, the preserved remains will sit pride of place in The Stage’s central piazza. For investors and homeowners alike, this is a unique opportunity to claim a piece of East London history as their own.
East London’s property climate has seen drastic changes in recent years, with Shoreditch emerging as the shining star for both inward and outward investment, thanks to Crossrail and a host of regeneration projects transforming the area’s commercial and residential scene. According to Rightmove, the average property in Shoreditch now costs £679,389 and has seen a 58% rise in prices since 2011, demonstrating lucrative long-term capital growth and Shoreditch’s emergence as a key player in the Prime property market.
Residents of The Stage will enjoy hotel-style lifestyle facilities including a 24-hour concierge, a games lounge and private screening room, plus access to the 32nd level sky lounge terrace. The A-list interior designer Nicola Fontanella’s forward-thinking designs demonstrate a fusion of Shoreditch’s quirky personality with the opulence one might see in a West End development. Living at The Stage will certainly prove to be an incredibly indulgent experience, whether it’s a full-time residence or pied-à-terre.
The Stage will be within a 10 minute walk of Old Street Roundabout – also known as ‘Silicon Roundabout’ – which is home to the world’s third-largest technology start-up cluster. Whilst Shoreditch is renowned as an edgy enclave, traditionally frequented by talented creatives and hipsters, the area is now welcoming a new type of resident – the high-flying City executive. Huge players within the business and technology world are also choosing Shoreditch as their new base; a prime example being Amazon, whose headquarters will open in 2017.
The Stage’s retail quarters will house a mixture of boutique and household names for residents and tourists to peruse, including London’s edgiest contemporary art gallery, Imitate Modern, which will open its doors to the public from late 2017.
The apartments and penthouses at The Stage will host a range of luxurious interiors and appliances worthy of Galliard Homes’ ‘Platinum Collection’ status. From designer kitchens to bespoke entertainment units with an inclusive 40-50” LED smart TV, residents will have all the contemporary essentials readily available to enjoy the very best of five-star London living.
The EC2 postcode is among the most successful across East London, promising rental yields of up to 4.76% for one bedroom properties and even surpassing 5% for two bedroom homes. Galliard Homes is offering a 4% rental yield guarantee, couple this with the 3% Stamp Duty allowance for Buy-to-Let purchasers and this will certainly prove to be an investment worth making.