Flat 9

Flat 9, Regents Gate, Cornwalls Meadow, Buckinghamshire, MK18 1RP

Asking Price

£510,000

Property Highlights

Retirement over 55's second floor apartment with elevator
Three bedrooms, three piece bathroom and en suite
Open plan kitchen/dining/sitting room
Snug
Fully fitted kitchen
Comunal roof top garden via elevator
Town centre location
Shared leisure facilities

Property description

An over 55's three double bedroom retirement apartment with two bathrooms, two living areas and communal gardens at Regents Gate in Buckingham town centre.

Located on the second floor and accessed via an elevator or stairs, this apartment has an open plan kitchen/dining/sitting room and a separate snug. Bedroom one has a dressing area and a three piece en suite shower room. There are two further double bedrooms, one with a Juliet balcony, and a three piece bathroom suite. Shared facilities including: a roof top garden/terrace, a bar/meeting area, a private dining room and a cinema room, all located on the top floor accessed by elevator. Please note the internal photographs are of a smaller furnished apartment within the Regents Gate development. Charges apply. Please refer to the online record or source them from the Michael Graham office on 01280 821100.

Situation

The property is within walking distance of a range of shopping and leisure facilities, a library, and dental and GP surgeries. Regular bus services connect to Milton Keynes, Aylesbury, Bicester and Oxford. The property is within walking distance of The Royal Latin School and Buckingham also has The Buckingham (secondary) School.

Details

Ground Rent u2013 Zero - Admin Fee - u00a3750 - Service charge u2013 has been budgeted at u00a362.96 per week for the 1st year. rrThere will be a budget every year, then a reconciliation of actual costs. Service charge covers costs associated with maintaining the communal areas, which include repairs to fire alarms, entry phone systems, lighting, communal area cleaning, pest control, gardens, window cleaning and building insurance. Just like any other home, you will still need to pay your council tax, utility charges and personal contents insurance.ru2022 Car Park charge will apply if a car park space was required u2013 one off fee for an allocated car park space on the development car park for u00a31500. This charge is not payable again.ru2022 Exit Fees Apply - For whatever reason, if you wish to leave Regents Gate or if your circumstances have changed and you wish to discuss what options are available to you please consult with our Customer Liaison Team. If you have concerns over future care and support we have dedicated teams with plenty of experience who will help you with providing any information that can aide your decision making.rrThe exit fee supports renewal and replacement of structural and other integral items in the building, as well as anticipated costs of upgrades and improvements to the development. 1% of the purchase price, increasing 1% each year and capped at 10% at 10years, an administration fee u00a3750 and any outstanding weekly charges of the original purchase price upon leaving Regents Gate. The buyback option is Regents Gate have the option (first refusal) to buy the property back at the original purchase price.rrExit Fee - if you leave at Year 1 you will only pay 1% of the original purchase price upon leaving Regents Gate plus an administration fee u00a3750.00 and any outstanding weekly service chargesrrYear 2 u2013 2% - of the original purchase pricerYear 3 u2013 3% - of the original purchase pricerYear 4 u2013 4% - of the original purchase pricerAnd so on until you get to year 10 where it will be capped at 10%rrSo if you left after 10 years you would still only pay the 10%

Notice

These particulars are for a proposed layout within the Regents Gate development. The floor plan provides a guide for the layout. The apartment will be purchased from plan.

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