A spacious two bedroom apartment with a south facing private walk-on balcony, located on the second floor. The bright and contemporary kitchen comes with all the appliances you would expect from a brand new home. The master bedroom benefits from a built in wardrobe, and an en-suite shower room with walk-in shower. The apartment also features an additional cloakroom with WC.
A select collection of 1, 2 and 3 bedroom retirement apartments for sale in Ramsbottom, Greater Manchester, most with balconies or patios and many with en-suite shower rooms. The development will offer an independent lifestyle with tailored care and support available should it be needed, all in a safe and secure environment designed specifically for later living.
Imagine more time to enjoy the things that matter most. Time to relax in your new retirement apartment, meet new friends in our homeowners’ lounge, share a freshly prepared meal in the restaurant or take advantage of all that Ramsbottom has to offer. If you have a people friendly pet, they’re also welcome too.
*additional charges apply.
All residents living at Cottons, Ramsbottom will contribute to a Service and Well-being Charge. The high level of care, support and services on offer to enhance quality and enjoyment of life are what make Adlington different. This charge is to provide services such as;
Our own Management team, Adlington Management Services (AMS) take great pride in providing a high standard of service including checking on our Homeowners well-being and liaising with family and professionals if necessary. They consult with Homeowners 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 you’d like.
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 that is well insulated and cost effective to heat.
We have a vested interest in making sure that our buildings and grounds are always fully maintained and that the apartments retain their value so inheritance is maximised.
Weekly Service and Well-being Charges at Ramsbottom are estimated to be;
It is important to point out that payment of the Service Charges has to continue even if the apartment is vacant, as it is apportioned between all homeowners in order to maintain the high standard of service.
As you would expect in your own home other household expenditures will remain as the Homeowner’s responsibility. These typically include:
Adlington developments provide extensive communal facilities, such as the lounge, restaurant and commercial kitchen, coffee lounge hairdressing salon, guest suite, staff rooms, management offices and the mobility scooter and bicycle store, as well as landscaped gardens and grounds. It is these facilities along with the 24-hour on-site support which makes your new home likely to be suitable for your whole life, without the need to move to a care home. This is a major benefit to well-being, peace of mind and independence and, if it avoids care home fees, also has considerable financial advantages. You will only purchase your own apartment, so in order to recoup the considerable costs of these extensive facilities we levy an annual Ground Rent.
Annual Ground Rent 2019/2020
The Ground rent is due annually from 1st January and will be reviewed every year in line with the Retail price Index
In addition, to give Homeowners maximum flexibility, we have incorporated into our lease the option for you to buy out your Ground Rent at any time by giving the legal landlord written notice and paying a fee of 40 x the Ground Rent at the time of the service of the notice which will take effect from the 1st January the following year. For every year after that for the duration of the lease the rent will be a “peppercorn” (i.e. zero pounds)
If you wish to exercise this right upon your initial purchase, please let us and your solicitors know, and we can accommodate this from the outset for the cost of 40 x the initial Ground Rent set for your home. (e.g. to buy out the Ground rent at the outset for a one bedroom home it would cost 40 x £900 = £36,000)
While the day to day maintenance of the buildings and facilities is covered by the Service and Well-being Charge, which is kept as low as possible to leave Homeowners with maximum disposable income, major capital costs and refurbishment are not included.
It is important that maintenance is kept to the highest standards for all to enjoy, and to cover any major works, a fee of 0.25% of your sale price for each year, or part-year, of occupation will be levied when you sell on your apartment.
The Building Reserve Fund will build up over time so that money is available to pay for capital costs as they occur e.g replacement lifts, restaurant kitchen equipment, the buildings roof and car park etc. This means that the development is always kept up to the same standard as when you purchased your apartment.
As an example, if a property that has been owned for 9 years and 7 months is sold for £300,000, the fee payable will be £7,500 (Sale price x 0.25% x years or part-years owned).
Additional care packages can be designed to suit your individual requirements. 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 tailored to individual requirements where required. Costs are based on the level of need per person, and will be provided once confirmed.
No Stamp Duty to pay
Now could be the perfect time to make a move with The Chancellor’s recent announcement granting a temporary ‘holiday’ on stamp duty – with no duty to pay on all properties up to the value of £500,000 from now until the 31st March 2021.
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