8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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For more information please contact:

Julie Harvey +44 (0) 1625 417 356 orAndrew Brassey +44 (0) 01625 415 485 | Victoria Chang +44 (0) 01625 415 498

contact@pinnaclemc.co.uk

www.pinnaclemc.co.uk

23x2and3bedluxuryapartments

Recentlybuiltandlet

GreatLocation

Qualityttedkitchenandbathroom

Carpets,curtains,lightttingsandwhitegoods*

Allocatedparkingspaces

150yearlease

Pricesstartatjust82,875

15%discountonmarketvaluesaveupto15,750

GrossYieldsofupto8%

Nonstatusnanceavailableonapprox60,000

Interestrate4.75%xedfor5years

Upto351cashowpositiveeachmonth

PARK PLACE APARTMENTS,

RADCLIFFE, MANCHESTER

A Fantastic Investment Opportunity

Gross Yield up to 8%

ParkPlaceisarecentlycompleteddevelopmentofluxuryapartmentsthatarejusta20minutecommuteto

ManchesterCityCentreandwithinwalkingdistanceoflocalshops,schoolsandamenities.Allapartments

arecurrentlyletandcomefullyequippedwithcarpets,curtains,lightttingsandwhitegoods.

NonStatusD

eveloper

FinanceAvailable

*Includedinreservationfee

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Location

ParkPlaceRadcliffe

Radcliffe Town Centre- 0.5 miles, 6mins

Metrolink- 0.3 miles, 4 mins

Bus Stop- 446ft,45seconds

Hospital- 0.7 miles, 11 mins

Primary School- 0.3 miles, 4 mins

High School- 0.3 miles, 4 mins

Supermarket- 0.9 miles, 15 mins

Italia Mia (Restaurant)- 0.7miles, 10 mins

The Royal Oak (pub)- 0.6 miles, 10 mins

PLACES OF INTEREST

ManchesterisamajorcityintheNorthWestofEnglandwithapopulationofaround500,000.Itiswellknownforitsculture,musicscene,scientic,engineering and industrial industries as well as its media links (BBC and

Granada)andsportingconnections,particularlyManchesterUnited.Manchesterwasthesiteoftheworldsrstrailwaystation,wherescientistsrstsplittheatomanddevelopedtherststoredprogramcomputer.

ThecityhasahugestudentpopulationwithnumberofuniversitiesincludingthelargestsinglesiteuniversityintheUKandisthethirdmostvisitedcityintheUKbyforeigntouristsafterLondonandEdinburgh.ManchesteralsohasfantastictransportlinkswiththebusiestbusrouteinEngland,multipletrainstations,amajorinternationalairportandametrolink tram service.

OurapartmentsareinthetownofRadcliffejustnorthofManchesterandisjusta20minute commute into the city viatheMetro.Historicallyitwasanindustrialtownandnowhasathrivingnumberofsmallandmediumsizedbusinesses.

Radcliffeandthelocalareaiscurrentlybenetingfromabillionpoundregenerationprogramme.Severalkeyprojectsarenowonsiteandaredrivingforwardanexcitingagenda,pumpingnewlifeintothetownandestablishingitasacentreforservice,leisureandculture.WiththevibrantandexcitingManchesternearby,offeringamazingshops,greatbars,

modernlandmarkbuildingsandworldclassliveevents,Radcliffeisagreatplacetolive.

Radcliffe Metro Station

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Sample Investments

Apartment

Number

Number of

bedrooms

Number of

bathrooms

Floor Size m2

B9 2 1 Ground 51.28

Currentrent

Marketprice

DiscountPrice

15%Discount

GrossYield %

495 97,500 82,875 14,625 7.17%

2 Bedrooms, 1 Bathroom

Site plan

Apartment

Number

Number of

bedrooms

Number of

bathrooms

Floor Size m2

B10 2 2 Ground 54.48

Currentrent

Marketprice

DiscountPrice

15%Discount

GrossYield %

495 97,500 82,875 14,625 7.17%

2 Bedrooms, 2 Bathrooms

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Sample Investments

2 Bedroom Duplex

ApartmentNumber Number ofbedrooms Number ofbathrooms Floor Size m2

D27 3 2 3rd 61.1

Currentrent

Marketprice

DiscountPrice

15%Discount

GrossYield %

595 102,500 87,125 15,375 8.20%

3 bedrooms

ApartmentNumber

Number ofbedrooms

Number ofbathrooms

Floor Size m2

F35 2 2 G 56.09

Currentrent

Marketprice

DiscountPrice

15%Discount

GrossYield %

525 97,500 82,875 14,625 7.60%

2 bedrooms

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Investment Figures

ApartmentNumber

Floor Beds baths Size M2MarketPrice

Discount-Price

CurrentRent

GrossYield

DeveloperFinancce

CashDeposit

FinancePayment

pcm

A17 1st 2 1 52.56 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

B9 G 2 1 51.28 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

B10 G 2 2 54.48 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

B11 1st 2 1 51.28 97,500 82,875 525.00 7.60% 60,000 22,875 237.50

B14 2nd 2 2 54.48 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

C15 G 2 1 50.28 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

C16 G 2 2 54.48 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

C17 1st 2 1 50.28 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

C20 2nd 2 2 54.48 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

D22 G 2 1 54.88 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

D26 2nd 3 1 58.88 102,500 87,125 550.00 7.58% 64,000 23,125 253.33

D27 3rd 3 2 63.1 102,500 87,125 595.00 8.20% 64,000 23,125 253.33

E29 G 2 1 53.68 97,500 82,875 525.00 7.60% 60,000 22,875 237.50

E30 1st 2 1 54.88 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

E31 1st 2 1 53.68 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

E32 2nd 3 1 58.88 102,500 87,125 575.00 7.92% 64,000 23,125 253.33

E33 2nd 2 1 53.68 97,500 82,875 495.00 7.17% 60,000 22,875 237.50

E34 3rd 3 2 63.1 102,500 87,125 625.00 8.61% 64,000 23,125 253.33

F35 G 2 2 56.09 97,500 82,875 525.00 7.60% 60,000 22,875 237.50

F36 G 2 2 59.15 97,500 82,875 525.00 7.60% 60,000 22,875 237.50

F38 1st 3 2 68.75 102,500 87,125 550.00 7.58% 64,000 23,125 253.33

F39 2nd 2 2 56.09 97,500 82,875 525.00 7.60% 60,000 22,875 237.50

F40 2nd 3 2 68.75 102,500 87,125 550.00 7.58% 64,000 23,125 253.33

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Your 5000 fee includes:

SourcingthePropertyatadiscountedprice

Arrangementfeesfordevelopernonstatusnance.

Solicitorsfees

Disbursements

Carpets,curtains,lightttingsandwhitegoods

12monthslettingsmanagementthroughoursister

companyHarperBrooksLettings

(after12monthsthiswillreverttoourstandardrate

ofjust10%ofthemonthlyrent+VAT)

Reservation Fees

Developer Finance

Thedeveloperisabletoofferyounanceataxed

interestrateofjust4.75%forupto5years.Thisis

nonstatusnancewhichmeansyoudonothaveto

completelengthymortgageapplicationformsorbe

subjecttocredtchecking.Atanytimeduringthis5yearperiodyouarefreetosellyourapartmentorto

remortgageshouldyouwishtodoso.ThereareNO

earlyredemptioncharges.Ifyouborrow60,000at

4.75%youwillpayjust237.50pcm!

Other Charges

The only additional charge is the standard ground

rentandmanagementcharges700perannum.

This includes:-

BuildingsInsurance

Gardening

WindowCleaning

Buildingsmaintenance

Carparkmaintenance

Cleaningofcommunalareas.

8/2/2019 Park Place Brochure. Discounted property in Manchester with non status finance

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Choose a propertyChoosewhichapartmentyouwouldliketobuy.

Wehave2and3bedroomapartmentsavailable.

Pay reservation Fee 1000ThenextstepistocompletetheInternationalPropertyPurchaseformandtopaytheinitial1000

reservationfee.Thebalanceofthisfee4000ispayableatleast7daysbeforeexchangeofcontracts.

Instruct Solicitors

TonyNuttallatAbacusSolcitorsinManchester(ReedhamHouse,31-33KingStreetWest,Manchester,M32PN)willbeactingfortheInvestor.RobertMeatonandCo(VictoriaBuildings,1-7PrincessStreet,Manchester,M24DF)

willbeactingforthedeveloper.Thesolcitorwillalsoorganisethedevelopernancedocumentation.

Pay the depositThisisthedifferencebetweenyourpurchasepriceandyourdevelopernance.

Exchange and CompletionTheapartmentsarereadynow.Exchangeandcompletionwilltakeplacesimultaneously

within4weeksofreceiptofcontract.

CompletionAtthisstagethebalanceofthemoniesarepaid.Yourpurchasewillberegisteredatthelandregistry.

Nostampdutyispayableasallapartmentsarebelow125,000.

Finding a TenantAlloftheapartmentsarecurrentlytenanted.Youwillbepaidyourrentmonthly.

The Buying ProcessKeeping UK Property Investment Simple