Margetts

Property Descriptions

Rare and exciting opportunity to acquire a beamed, grade to listed, duplex apartment right in the heart of the county town providing two bedrooms and enjoying all the facilities and atmosphere of the town centre.

Communal Entrance Hall

front door with telephone security link opens into the Communal Entrance Hall with steps to the first floor. Private apartment door opens to;

Private Reception Vestibule to Apartment 3

with radiator and telephone security phone.

Lounge / Dining Room 7.29m x 3.06m excluding alcove

with two windows to the front, exposed timbers, wiring for two wall lights, downlights, radiators, and archway opening to the

Fitted Open Plan Kitchen 2.61m maximum by 2.22m

with roll edge work surfacing incorporating a single drainer sink and mixer tap and breakfast bar together with a 4 ring gas hob. Base units beneath with electric oven and integrated washing machine. Space for a larder style fridge/freezer, two eyelevel wall cupboards with cooker hood, rear window, down lighters, wall mounted gas fired central heating boiler.

Stairs & Charming Beamed Landing

Staircase from the Entrance Vestibule leads to the First Floor Landing with exposed timbers and double door cupboard opening to under eaves wardrobe.

Bathroom

The apartment bathroom has a white suite with low level WC, wash hand basin, timber panel bath with adjustable shower over, exposed timbers and roof light, extractor fan.

Bedroom 1 2.28m x 3.86m under eves

measurements are excluding single door wardrobe. With exposed timbers and radiator and Velux roof light the measurements also excludes the door recess.

Bedroom 2 3.65m under eaves by 2.17m

excluding single door built-in wardrobe with exposed timbers, radiator, and Velux double glazed roof light.

GENERAL INFORMATION

We understand all mains services are connected.
Property is Grade 2 listed - listing number 307606
Is in a Conversation Area, and Smokeless Zone.

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.

We also understand the Freehold interest to the WHOLE development, could be purchased off the Head Landlord.
The Freehold is owned by Hamlin Estates and NOT included in the sale.
The current tenant is in a periodic tenancy agreement and paying £735.00pcm.

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.