An excellent opportunity to purchase a 75% share in a two bedroomed first-floor apartment.

It is believed the vendors previously purchased their 75% equity in it for £237,500 with it having a 100% valuation of circa £315,000. Prospective purchasers should be fully aware that the price they are paying is for 75%. The property offers a fabulous opportunity to purchase an apartment at a significantly discounted price. Please be aware that purchasers must be over the age of 70 and have an income of less than £80,000 per annum and must not own a second home. The amount of savings any prospective purchaser has is irrelevant in this instance and prospective purchasers should also be aware that McCarthy & Stone must approve the purchasers details. If there are any issues from this, a full refund of all fees will be made. This information has been supplied to us in good faith by the vendors.

Tenure

Leasehold

The property is situated within the McCarthy Stone Retirement Living Development, and forms part of a well-managed development offering independent living with the benefit of 24-hour on-site care and support, a bistro style restaurant with subsidised menu prices for residents and guest suite at approximately £25 per night.

Accommodation

The accommodation comprises an entrance hallway with walk-in storage cupboard and 24-hour emergency call system, a lounge with dining area and a door leading through to the fitted kitchen. The kitchen is fitted with a range of modern base and wall units incorporating an integrated oven, hob with extractor above, and fridge and freezer. There are two double bedrooms, the main bedroom benefiting from a large walk-in wardrobe. The bathroom is fitted as a wet room with level-access shower, WC and wash hand basin as well as with anti-slip flooring, together with a separate cloakroom/WC.

Outside

Sees communal garden area, together with a car parking space for this apartment.

Leasehold Information

Lease length: 999 years from 1st Jan 2017 Ground rent: £0 per annum Ground rent review: 1st Jan 2032

Service Charge Breakdown

- Cleaning of communal windows - Water rates for communal areas and apartments - Electricity, heating, lighting and power to communal areas - Window Cleaning (outside only) - 24-hour emergency call system - Upkeep of gardens and grounds - Repairs and maintenance to the interior and exterior communal areas - Contingency fund including internal and external redecoration of communal areas - Buildings insurance - One hour of domestic support per week is included in the service charge - Free access to a laundry room with washing and drying machines - Care staff on-site 24-hours a day - Running of the on-site restaurant - Intruder alarm system The annual service charge is approximately £954 per calendar month (£11,448.00 per annum) for the financial year ending 28/02/2026. The Service charge does not cover external costs such as Council Tax, electricity or TV.

Energy Efficiency Rating (EPC)

Current Rating B

Local Authority

High Peak Borough Council

Solicitors

Cooper Sons Hartley & Williams Solicitors, 9 Terrace Road, Buxton, Derbyshire, SK17 6DU, Ref: Kerry Critchlow, Tel: 01298 816935

Additional Fees

Buyer's Premium - 1.5% of the purchase price plus VAT (1.8% inc VAT), subject to a minimum fee of £1950 plus VAT (£2340 inc VAT), payable on completion.

Administration Charge - £2340 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.