Pole Street, Preston, PR1

£259,591
  • Number of Bedrooms: 3
  • Number of Receptions: 1
  • Number of Bathrooms: 1

3 bedroom

  • Ref: e4ff6924-dfbc-4d4a-844d-f78e87b9d810
  • Availability: For Sale
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 1
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  • The Exchange Preston
  • 23 x Three Bedroom Apartments
  • Gym
  • Concierge
  • Residents Lounge
  • Roof Garden
  • No Parking, 124 Secure Storage For Bicycles
  • 250 Year Lease
  • £5,000 Reservation Fee
  • Anticipated Completion 31/07/2023
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INTRODUCING THE EXCHANGE - Elevated modern living in Preston’s newest emerging neighbourhood.

The Exchange is a brand new, off-plan development from The Heaton Group, ideally located in Preston city centre. Comprising 200 stylish apartments, The Exchange will deliver a new standard
of premium modern living to the local rental market, right in the heart of the city’s newest emerging neighbourhood.

DEVELOPMENT DETAILS
Name The Exchange
Address & Postcode Pole St, Preston, PR1 1DX
Developer HG6 Private Investments Limited
Architect & Contact Day Architects
Construction Company Heaton Group Developments Limited

DEVELOPMENT OVERVIEW
Total Number of apartments. 200
i) How many of each type i.e. 1 bed, 2bed 137 X 1 Bed Apartments, 40 X 2 Bed Apartments, 23 x 3 Bed Apartments
Parking No parking. 124 secure storage for Bicycles
Amenities Gym, Concierge, Residents Lounge, Roof Garden
Furniture packages available In Production
How many blocks in the development Three
How many floors in each block A-13, B-6, C-15
Entrances / Location See plans
Is there a lift? 3 lifts
BUILD TYPE: Off plan
a) Off Plan:
i) Planning approved - Full? / Start on site date? Planning permission granted. Works commenced on site August 2020
ii) Anticipated completion 31/07/2023
iii) Any known issues that may cause delays N/A
b) If complete:
I) when was build completion? N/A
II) are any of the apartments currently tenanted? N/A
III) letting agents of the existing tenants / ASTs N/A

TENURE & CHARGES

TENURE: Leasehold lease length 250 years. Start date 01.01.22

GROUND RENT 0.1% list price. First review 5 years, 10 years thereafter. RPI

SERVICE CHARGE: Draft budget - £1.63sqft/pa
Management company HG Block Management Limited
Is buildings insurance included? Yes

LETTINGS Recommended letting agent HG Premier Lettings Limited Gross expected rental yield TBC

SALES PROGRESSION Reservation Fee £5,000
Contracts assignable? Yes - subject to developer consent and same type apts having
already exchanged Exchange Deposit 25% If off plan are there any stage payments prior to completion N/A Are there any known facts which could delay completion? N/A

VENDOR SOLICITOR DETAILS:
Firm Name: Glaisyers Solicitors LLP
Acting Solicitor Name: Mick Hewitt
Postal Address: Manchester

PURCHASERS RECOMMENDED SOLICITORS:
Firm: RH Property Lawyers / Blackstone Solicitors Ltd (CN)
Acting Solicitor: Rachel Haymes & Team / Stephen Leung & Team
Postal Address: Manchester / Hale