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Tonic@Bankhouse

TONIC - Tonic@Bankhouse retirement property 1
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Greener Choice

Tonic@Bankhouse is more energy efficient than the average independent living property.

Retirement Home Location

Tonic@Bankhouse, 20 Albert Embankment SE1 7FY

Local Amenities

Non specific map
Bus Stop0.7 miles
Local Pub0.3 miles
GP Surgery0.05 miles
Train Station0.4 miles
Nearby Shops0.2 miles
Hospital0.6 miles

Overview

Tonic@Bankhouse is the UK's first LGBT+ affirming retirement community which celebrates the lives, histories and needs of the community. Bankhouse is a retirement community located on Albert Embankment in the iconic area of Vauxhall. The building has 84 affordable apartments in total, over 14 floors, with One Housing managing all the rented apartments and providing the personal care and support services on-site.Tonic@Bankhouse has 19 one and two bedroom apartments. All two-bedroom apartments have balconies, with either views of the River Thames or city views. All apartments have a spacious open-plan kitchen, dining and living room, wet rooms, underfloor heating and are fully accessible from street level

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Tonic@Bankhouse

by TONIC

BrandTONIC
Living TypeCommunity
Purchase TypeFor sale
Purpose BuiltYes
Service ChargeYes
Deferred Management feeYes

Care & Support Available *

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24/7 On Site Support

Independent living, but with the peace of mind that 24-hour support is provided on-site in case of an emergency or if a helping hand is needed.

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Domestic Help *

Domestic support is provided in the form of cleaning, laundry and transportation, as well as assistance with prescription collection and shopping.

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Companionship

A wide range of social activities and wellbeing services are offered, where residents can meet like-minded people, create new friendships and offer companionship.

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Personal Care *

Individuals with low care needs, who are either fully independent or require minimal assistance with personal care and day-to-day tasks. Residential care usually includes support with tasks like: dressing, washing, taking oral medication and hoisting.

* At an additional cost.

Featured Homes

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One Bedroom Apartment (The Hampstead)
1
1
56
purchase from£133,750(25% shared ownership)
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Two Bedroom Apartment (The Dalston)
2
1
71
purchase from£193,750(25% shared ownership)
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Two Bedroom Apartment (The Brixton)
2
1
63
purchase from£181,250(25% shared ownership)
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Two Bedroom Apartment (The Soho)
2
1
70
purchase from£195,000(25% shared ownership)
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Two Bedroom Apartment (The Vauxhall)
2
1
71
purchase from£192,500(25% shared ownership)
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Retirement Home Facilities

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Wi-Fi

Recent years has seen the rise of the silver surfer. 89% of retirement seekers expect high-speed WiFi in their retirement home.

Garden Area

Retirees consider a scheme’s garden as the most important retirement scheme facility with 84% voting it as a must have!

Cinema

29% of retirement seekers told us that a cinema room was a key consideration to their selection process.

Wi-Fi

Recent years has seen the rise of the silver surfer. 89% of retirement seekers expect high-speed WiFi in their retirement home.

Garden Area

Retirees consider a scheme’s garden as the most important retirement scheme facility with 84% voting it as a must have!

Available

24/7 Call System
Balconies
Bar
Cafe/restaurant
Communal Lounge
Courtyard or Landscape Gardens
Guest Parking
Library
Pets Allowed *
Wheelchair Access
Wifi (in communal areas)

Not Available

Car Club or Transport
Car Parking Available
Cinema
Concierge / Home Manager
Gym or Fitness Suite
Room Service
Salon
Spa
* Certain pets allowed and health & safety assessment required.

Frequently Asked Questions

Below are some of the most commonly asked questions about Tonic@Bankhouse.

Where is Tonic@Bankhouse located?

It is situated in London and is close to popular amenities.

What tenure options are available at Tonic@Bankhouse?

  • To Buy - prices start from £133,750 (25% shared ownership)

Is Tonic@Bankhouse a member of ARCO (Associated Retirement Community Operators)?

Yes - TONIC - who run Tonic@Bankhouse are members of ARCO - Associated Retirement Community Operators, aim to improve the standard of retirement living across the UK. They ensure every retirement home offers the highest standard of housing and support to all residents.

Are there any retirement home fees at Tonic@Bankhouse?

Before deciding to invest in a retirement property, you'll need to know all the retirement home fees involved. These costs ensure that your retirement home is well-maintained with 24/7 support available for residents. When you move into Tonic@Bankhouse, you will be required to pay the following fees:

  • Service Charge - a monthly payment which covers the cost of the maintenance of your retirement property.

  • Deferred Management Fees - a fee you are required to pay when you decide to permanently leave your retirement home.

Are luxury facilities available at Tonic@Bankhouse?

Yes! There are several facilities for you to try, including; a Bar and a Communal Lounge, which will help you unwind in your new surroundings.

Understanding Retirement Home Costs

The average cost of purchasing or renting a retirement home varies across the UK. On top of your rental charge or overall purchase price some retirement homes have additional costs such as service charges and ground rent.

Additional retirement home charges to be aware of:

Management Fee or Service Charge

This is often a monthly payment which covers the cost of communal spaces and facilities across a retirement property. For more details on additional charges at Tonic@Bankhouse you can contact the team directly or request a brochure.

Ground Rent

Most retirement properties have a cost associated with the land your property is built on. There is often a one-off annual fee known as ‘ground rent’ - which usually costs £450 each year.

Deferred Management Fee

A deferred management fee is a charge that you can pay when you decide to permanently leave your retirement property. The fee is calculated based on a percentage of the property's sale price and is acknowledged as a charging method for investing in a retirement home by ARCO (Associated Retirement Community Operators).

Here, our experts have created a helpful guide on understanding deferred management fees.