Old Gas Works Block C, Sutton UK£261,978
- ID stogc160123
- Status: For Sale
- Property type: Flat / Apartment
- Listing type: New & Off Plan Property
The Old Gas Works is a landmark project in the “Village Quarter” of Sutton town centre.
This GBP50 million development is set to breathe new life into a part of Outer London that is only 29 minutes from London Victoria station.
Located in Sutton with less than 30 minute commute into Central London. Over £50 million will be spent in Sutton to regenerate the town centre. The Old Gasworks is at the heart of one of these regeneration areas. The development is anchored by a Sainsbury’s and will have a number of public spaces to create a community.
COMPLETION: Q3 2017
BLOCK C: 70 PRIVATE UNITS
11 one-bed apartments
59 two-bed apartments
Incorporates design features of the site’s old gas cylinder frames
State of the art heating systems designed to lower heating bills are fitted in each apartment
-The scheme is a ‘shot in the arm’ that the north end of the high street has needed for years (Steve O’Connell, GLA Member for Sutton) and the retail aspect will create 500 new jobs
– Sutton to add over GBP 1.25 million of additional economic value over the coming years through projects such as the Life Sciences Cluster and the Tramlink extension
-Sutton Town Centre alone is experiencing GBP328 million of inward investment
-85.2% of the working age population in Sutton are economically active and levels of private rented occupiers are hig
The residential aspects of the Old Gas Works will feature shared garden and roof terrace areas for residents. The apartments themselves will feature recessed private balcony spaces looking out across the canopy of trees that will form part of the green corridor link across the High Street.
1 bed apartments: £262,000 – £306,000
2 bed apartments: £360,000 – £435,000
1 bed apartments: £865-£930 pcm
2 bed apartments: £1,125-£1350 pcm
Sutton is fast becoming one of London’s economic hotspots.
Overall economic activity in the borough is high and unemployment low compared to figures for London and the UK as a whole, with 85.2 % of the borough’s working-age population economically active.
As such, Sutton benefits from an influx of 29,863 workers who commute into the town for work at one of the 6,600 businesses to which the borough is home.
Renowned for its high-achieving schools, the London Borough of Sutton is one of the top performing education authorities in England, with 76% of GCSE-level students awarded grades A*-C and 81% of A-level students gaining grades A*-B.
In addition, the best of London’s higher education institutions, such as University College London and the London School of Economics and Business Studies, are located just a short journey from London Victoria, placing them within an easy commuting distance of Sutton.