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Please find a brief on our
latest development opportunity which will be released to the public
on April 10th 2005.
We have negotiated a 15%
discount with the developer which can be used as the deposit. We will
then provide an 85% mortgage to purchase the property.
A secure gated construction by
local developers Larnport
Properties Limited of 7 luxury 2 bed apartments. 2 Garden flats,
4 x 2 beds with front and back Balcony plus a penthouse with roof
terrace. There is a lift in the block.
The development is situated at
the corner of Brookwood Rd and Handford Close in Southfields only 5
minutes walk to District Line Tube and BR station and only one mile
from the famous Wimbledon Tennis.
All the apartments are built
to a very high spec with front and back balconies, En suite bedrooms
and a high calibre of stainless steel kitchen appliances, fittings
and with a brick built Island in the kitchen of each flat.
There is front gate security
with keypad entry and the development is enclosed within a brick wall
and railings. We have undertaken a RICS survey via Avery Associates
of London SW16, chartered surveyor FRICS FAAV who rated the units at
£4500 per sq ft Flat 1 Ground Floor.
Entrance Hall open plan
kitchen and living room with two double bedrooms, one en suite and a
separate bathroom.
The flat size is 77 sq mt with
an external garden of 57 sq mt.
Gross Price £355,000
Discount £55,000 Purchase Price £300,000 Flat 2 Ground
Floor. Same spec as flat 1 but slightly larger at 84 sq mt.
External garden remains at 57
sq mt. Gross Price £355,000 Discount £55,000 Purchase Price
£300,000 Flat 3 First Floor.
Entrance Hall open plan
kitchen and living room, 2 double bedrooms, one en suite, with
separate bathroom.
Front and back terraces.
The flat size is 77 sq mt.
Gross Price £340,000 Discount £55,000 Purchase Price
£285,000 Flat 4 Second Floor. Same spec as flat 3. Gross Price
£340,000 Discount £55,000 Purchase Price £285,000 Flat
5 & 6 Third Floor. Same spec as Flat 3. Gross Price £340,000
Discount £55,000 Purchase Price £285,000
Flat 7 Penthouse Flat, views
towards central London and Wimbledon Tennis. Entrance Hall, open plan
Kitchen and living room. 2 double bedrooms, one en suite plus
separate bathroom. Two external roof terraces at 40 sq mt in total.
Flat size 77 sq mt.
Construction starts May 2005 with completion estimated at Feb 2006.
SCHEDULE OF PAYMENTS
1) £1000 Reservation fee
payable to Larnport
Properties Ltd.
2) Exchange of contracts 4 - 6
weeks from receipt of reservation fee. Funds to the value of 5% of
the gross price (minus £1000 paid)payable to solicitor. This is
refunded in full on completion. In addition to the 5% exchange funds
an arrangement fee of 2% + vat will be payable to Instant Portfolio
Limited. This again will be paid via your solicitor.
3) On completion, 85% mortgage
provided to pay off balance. |
