1 bedroom retirement property for sale

A 75% share in a well proportioned one bedroom ground floor retirement apartment within a superbly provisioned development, having a delightful covered seating area overlooking a garden area and excellent access to the railway station and city centre.

Constructed in the post millennium period and consisting of 131 apartments in total, this highly regarded complex for those of 55 years and above has an impressive array of communal facilities including a lounge, activities room, garden (part of which the subject apartment itself overlooks), lift, bistro, library, hairdressing salon and parking (permits for which are available upon application to the management company Your Housing Group).

There is also a communal alarm system, non resident management staff, and an optional “Extra Care” scheme subject to additional payments.

The central heating, hot water and water provision for the apartment is also communally supplied, and the apartment benefits from double glazed windows and an RCD controlled electrical system, as well as a Vent-Axia air management system.

Important Notice
Prospective purchasers should be aware that there are various clauses and covenants within the leasehold title, that provide for a payment to Your Housing Group on a subsequent sale of the apartment as well as a contribution to a sinking fund.

Tenure
The property is of leasehold tenure with the benefit of a 125 year lease from 2012, this lease being subject to a peppercorn ground rent and a variable annual service charge in respect of items of communal expense, maintenance, buildings insurance, heating, hot water and water. This variable service charge/amenity charge is currently set at £162.43 per week.
There is no rent payable for the retained 25% share.