A picturesque town just 10 miles outside of Leeds, Otley is home to one of our most popular developments.
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Adlington House has been fitted out to the highest specification, with added extras designed to make your life easier, offering all of our homeowners a little slice of luxury. Beautifully landscaped gardens and well-appointed communal areas make this one of our most popular developments.
All residents living at Adlington House, Otley contribute to Service and Well-Being Charges. The high level of care, support and services on offer to enhance quality and enjoyment of life are what make Adlington different. These charges are to provide services such as communal cleaning and maintenance, external window cleaning, water and sewage, buildings insurance and estate management. They also enable MHA to have someone on duty 24-hours every day in case of any emergency, working in tandem with a discreet emergency call system installed in each apartment and include the provision of a daily restaurant service which enables homeowners to enjoy a delicious three course meal at a nominal cost of approximately £2.50 per person.
MHA take great pride in providing a very high standard of service including making daily contact with all residents, checking on their well-being and liaising with family and professionals if necessary. They consult with residents on all aspects of the operations of the development and facilitate numerous social events and activities that can be participated in as much or as little as required.
You no longer have to take into consideration the ongoing costs of upkeep and maintenance of your current property, grounds and gardens. As well as owning a modern stylish apartment built to high specification it is also well insulated and cost effective to heat.
Approximate weekly Charges
It is important to point out that payment of the Service and Well-Being Charges has to continue even if the apartment is vacant, as it is proportioned between all homeowners in order to maintain the high standard of service.
Additional care packages can be designed to suit your individual requirements to supplement the Well-being service. All care packages are drawn up in consultation with you, based upon a careful assessment of your needs and are regularly reviewed. Short term illness and recuperation packages can be drawn up where required. Costs are based on the level of need per person and are to be confirmed in the near future.
As you would expect in your own home other household expenditures will remain as the occupier’s responsibility. These typically include:
Ground rent is the Freeholder’s charge for land on which leasehold buildings stand. Because Adlington developments include more communal facilities than in conventional mainstream apartments, such as the lounge, restaurant and commercial kitchen, the hairdressing salon, the guest suite etc. the Freeholder retains a substantial investment in a proportion of the development. These facilities are not saleable as they are retained for the use of all homeowners.
The ground rent applicable is based on the size of the apartment owned as follows:
1 bedroom – £1,000
2 bedroom – £1,500
3 bedroom – £2,000
The ground rent is due annually but can be paid monthly to help with budgeting and will be reviewed every year in line with the Retail Price Index (with a minimum increase of 1% and a maximum of 4%)
It is possible to defer payment of the annual ground rent until vacation of the apartment however this will be subject to interest at a rate of 3% over the Bank of England Base Rate on the outstanding balance.
While the day-to-day maintenance of the buildings and facilities is covered by the Service Charge, which is kept as low as possible to leave homeowners with maximum disposable income, major capital costs and refurbishment are not included in the Service Charge.
It is important that maintenance is kept to the highest standards for all to enjoy, and to cover any major works, a fee of 1/2 % of your sale price for each year of occupation will be levied when you sell your apartment on.
This contingency fund will build up over time so that money is available to pay for major repairs and replacements as they occur e.g. replacement lifts, restaurant catering equipment, the buildings roof and car park etc.
The money in this fund can only be used on the building, ensuring your apartments value in coming years is in a development which will continue to look good, be up to date and properly maintained for all homeowners benefit. The fund is ring-fenced and protected by being held in a separate account by the management company.
Adlington House, Bridge Street, Otley
West Yorkshire, LS21 1FQ
The beautiful gardens at close by Wharfemeadows Park, one of the most well-known sights in Otley, are ideal for a leisurely walk alongside the River Wharfe, whilst the surrounding countryside provides ample scope for walking, fishing and other outdoor pursuits.
Local services connect the town and outlying areas. Harrogate and Leeds are within a 12 mile* drive from Otley and with Leeds Bradford City Airport being so close by, travel further afield couldn't be easier.
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