London commuter scheme provides investment opportunity

Image, Dandara’s new flagship mixed-use development in the heart of Hemel Hempstead, near London, will launch on popular demand between 20th and 23rd September.

The development will provide 434 new homes, 9,000 square metres of office space and 1,600 square metres of retail space on a prominent site, previously home to the European headquarters of Kodak.

In addition to six new buildings, the current 18-storey Kodak tower will be dramatically transformed into the stunning 21-storey KD Tower.

A new public landscaped square, lined with shops and cafes will form the heart of the development, creating employment opportunities for local people and an amenity for those living there. A new pedestrian footbridge will also provide a link between the scheme itself and the town centre.

The location and the density of the scheme will attract young professionals commuting to the City who are looking to rent property where prices are less ‘overheated.’ Apartments at Image will also provide an ideal opportunity for corporate lets with maximum returns.

Image is within a 10 minute walk from the mainline station, with journey times to London Euston of less than 30 minutes. Junction 8 of the M1 is easily accessible via the A414. London’s Luton airport is approximately ten miles from Hemel Hempstead and Heathrow is about 20 miles away. The location and transport links have, over the last decade, attracted a number of IT and telecommunications companies which have formed a ‘cluster’ likely to attract future investment from firms in similar industries.

Seamus Nugent (Isle of Man M.D. and Group Investor Sales Director) at Dandara comments: “Image offers a high quality product in a good location. These qualities have combined to generate a lot of early interest in this exciting scheme which demonstrates that investor activity remains strong despite recent interest rate increases. So long as the product meets the demands of an increasingly astute investor, we’re confident it will continue to sell. We’ve positioned Image in a way that has proved highly successful to date.”

Local estate agents report strong demand for good rental property and the combination of rising rents and stable yields mean that the returns are enticing investors to the area. By purchasing in a new scheme, particularly in a regeneration area such as Hemel Hempstead, investors benefit from both regular rental income and long-term capital growth.

For further information email kgrimes@dandara.com.