A one bedroom deluxe apartment with walk-out balcony and views of the landscaped gardens located on the second floor.
A select collection of 1, 2 and 3 bedroom retirement apartments for sale in Romiley near Stockport, 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.
All our Homeowners contribute monthly to a Service and Well-being charge to cover services such as:
Our on-site management team are always available to Homeowners and check on their well-being, liaise with family and professional services as required. They also organise a full calendar of social events and activities.
2020/21 Weekly Service and Well-being Charge at The Folds are;
It is important to point out that payment of the Service and Well-being Charge has to continue even if the apartment is vacant, as it is apportioned between all apartments in order to maintain the high standard of service.
While your own household expenditure should reduce when you move to The Folds, it’s important to remember that you’ll still be responsible for:
The Folds offers extensive communal facilities which are at the heart of a thriving community. These include our Homeowners’ lounge, table service restaurant, coffee lounge, hairdressing salon, guest suite, staff rooms, management offices, and the mobility scooter and bicycle store, as well as landscaped gardens.
We charge an annual Ground Rent to recoup the considerable costs of investing in these extensive facilities.
Annual ground rent fees:
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 to buy out your Ground Rent at any time by giving the legal landlord written notice, and paying a fee of 40 x the annual 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 solicitor 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 would cost 40 x £900 = £36,000).
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, such as replacement lifts, restaurant kitchen equipment, the building roof and car park. This ensures the development is maintained to the same standard as when purchased.
As an example, based on a property value of £300,000 and over a 10 year period, the fund payable at that time will be £7,500.
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 needs and regularly reviewed, including short term illness and recuperation packages. Costs are based on the level of need per person and will be provided in advance and charged approximately from £21.00 per hour per carer.
*Offer available on all new reservations at The Folds with legal completion by 30th November 2020.
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