Margetts

Property Descriptions

Entrance

Communal front door, with intercom, opens into the:

Communal Entrance Hall.

Charming open plan Living Room/Kitchen 5.11m overall by 3.49m (max) overall

Living Area:
with windows to the rear and exposed timbers, central heating radiator,

In the Kitchen area.
There is a run of role edge work surfacing incorporating a single drainer sink with mixer tap and a 4 ring gas hob, base units and electric oven under, and two eyelevel wall cupboards with cooker hood. Integrated washing machine and space for a fridge/freezer. Wall mounted gas fired central heating boiler, and window to the front. Timber door opens to a storage cupboard.

Double Bedroom 3.26m maximum by 2.31m

with exposed ceiling timbers, window and central heating radiator.

Bathroom

The apartment bathroom has a white suite with panelled bath having a shower over, low level WC and wash hand basin. Radiator. Window.

GENERAL INFORMATION

We understand all mains services are connected.
The property in on a long lease of 999 years, starting 1 Jan 2002
Ground Rent is £100.00 until 2035, rising to £200.00
The Freehold is owned by Hamlin Estates and NOT included in the sale.
A management company has been set up, with £2,000 sinking fund.
Current tenant is in a periodic tenancy agreement, and currently paying £595,00pcm with rent review due.

All four properties have been owned by one investment company, and the landlords have set up a new management company for which the purchasers of this apartment will be granted, a 25% share.

The current service charge is set at £50.00 per month. This is based on the expenditure maintaining the communal areas of the development over the last five years which has averaged less than £50.00 per month, but as the management was done by the owners themselves this doesn’t take into account a managing agent or accountant fees should the new shareholders decide to appoint them, then this will increase accordingly.

We understand all mains services are connected.
The property in on a long lease of 999 years, starting 1 Jan 2002
Ground Rent is £100.00 until 2035, rising to £200.00
A management company has been set up, with £2,000 sinking fund.

All four properties have been owned by one investment company, and the landlords have set up a new management company for which the purchasers of this apartment will be granted, a 25% share.

The current service charge is set at £50.00 per month. This is based on the expenditure maintaining the communal areas of the development over the last five years which has averaged less than £50.00 per month, but as the management was done by the owners themselves this doesn’t take into account a managing agent or accountant fees should the new shareholders decide to appoint them, then this will increase accordingly.

Map

Energy Performance Certificate

These particulars are believed to be correct but their accuracy is not guaranteed nor do they form part of any contract.