Heritage Court Laughton Common SHEFFIELD S25 3RU

Transcription

1 1 Heritage Court Laughton Common SHEFFIELD S25 3RU One & Two Bedroom Apartment 19% Discount (off RICS valuation price) Generous Sized Accommodation Double Sized Bedrooms in all Apartments Balconies or Patio Areas with all Apartments Security Entrance Phone System 10 year NHBC Warranty Heritage Court is set to be an imposing development set in the ever changing and rejuvenated area of Dinnington in Sheffield. Eastwood Homes have an admirable reputation for building a high quality product always to an imposing design. With the ground floor being designated for retail (with strong restrictions upon the type of retail allowed to the benefit of the residential units) Heritage Court will comprise of twenty four apartments, twelve on the first floor and twelve on the send floor. We have secured 19% discount off eight of these apartments, all of which have balconies as well as high levels of internal specification, spacious living space and all set within a gated complex. Local rental agents are confirming a buoyant rental market and are keen to market such high spec modern apartments. With Persimmon, Barratt, Strata and Haslam all having built recently or building at the moment the area is a proven new build targeted hot spot Page 1 of 18

2 2 Availability PLOT NO. FLOOR BEDS SQ. FT. MARKET DISCOUNT DISCOUNT VALUE PRICE 5 F ,000 24, ,300 6 F ,000 20,900 89,100 7 F ,000 25, ,350 8 F ,000 21,850 93, S ,000 24, , S ,000 22,800 97, S ,000 25, , S ,000 21,850 93,150 Deposit Exchange 5% cash or 10% by Exchange Bond Within 28 days of reservation Completion Dec 2008 Reservation Finder s Fee Stamp Duty Warranty 1000 reservation fee 2% + vat (made payable to Property Cube Ltd) Postcode (S25 3RU) has not been identified as being situated in a qualifying area NHBC Page 2 of 18

3 3 Floor Plans FIRST FLOOR Page 3 of 18

4 4 SECOND FLOOR Please note that the ground floor of this development is to be retail. The Co-op are the primary tenant and have therefore placed strong restrictions as part of their lease as to what type of other businesses can go into the other commercial units. Page 4 of 18

5 5 Elevations Page 5 of 18

6 6 Page 6 of 18

7 7 Site Plan Page 7 of 18

8 8 Specification EXTERNAL Mock stone external wall with features Blockwork inner leaf to ground floor Timber frame construction to upper floors Roof to be artificial stone tile/slate Insulation to walls, floors & roves in accordance with NHBC and buildings regulations PVCu grain double glazed locking windows with security doors Balconies to selected properties to be galvanized steel and glazed Communal gardens to be turfed & landscaped with tress and shrubs Decorative lighting to front & rear of the property Development to have decorative boundary fencing Controlled security gates Voice controlled security intercom system to entrance doors INTERNAL Block or timber stud walls finished with plasterboard and skim insulation in accordance with NHBC Electric central heating Generous supply of lighting, power, TV & BT points Recessed lighting to kitchen & bathrooms Integrated smoke alarm Contemporary door furniture Satin finished timber doors, architraves & skirting Walls & ceilings to be emulsion finish in soft white Timber to be stained or satin/eggshell painted Sanitaryware to be white or contemporary style Kitchen doors & worktops from specialist supplier Ceramic/limestone effect half tiling to sanitary walls Splashback tiling to kitchen unit walls Integrated oven, hob and hood Integrated fridge Kitchen & bathrooms floors to be vinyl Carpeting on all other areas The developer reserves the right to alter the specification due to the unavailability of materials etc. The information contained in this Specification is for guidance only and does not form any part of the Contract of Sale. Accessibility Sheffield City Centre Rotherham Town Centre Rotherham General Hospital Bassetlaw Hospital, Worksop Sheffield Hallam Arena Rotherham Train Station Kiveton Train Station Meadowhall Shopping Centre Jct 31 of the M1 Sheffield City Airport 14 miles 7.5 miles 6.8 miles 9.2 miles 12 miles 11 miles 3.5 miles 11.9 miles 1.8 miles 10.5 miles Page 8 of 18

9 9 Location Maps REGIONAL MAP LOCAL AREA MAP Page 9 of 18

10 10 SITE LOCATION STREET MAP SATELLITE IMAGE Page 10 of 18

11 11 Rentals Independent rental appraisals have been undertaken and the following two agents are recommended if you are looking to rent your property. Cedar can be contacted on ( and have quoted that one bedroom apartments will achieve 475 to 495 pcm and two bedroom apartments should achieve 550 to 575 pcm. Cedar have supplied a letter quoting these figures which is available at the end of this report. Can be contacted in ( and they believe that apartments of this type, size and style will achieve circa 550 pcm for the 2 beds. Regeneration in Dinnington DINNINGTON IS REPEAT PRIORITY FOR REGENERATION SPECIALIST - Dinnington receives 2.7 million investment boost from Priority Sites - Development to comprise hybrid units suitable for wide range of business requirements The former Dinnington Colliery is now home to a thriving Business Park, which is about to enjoy a further boost following Priority Sites decision to create another phase of development, offering a further 32,500 sq. ft of accommodation. Suitable for a wide range of commercial requirements, it is anticipated that around 100 jobs will be created when the development becomes fully occupied. Priority Sites, the joint venture development company owned by English Partnerships and The Royal Bank of Scotland, has already committed 3.3 million to the regeneration of Dinnington over three phases of development, with occupiers including companies from the manufacturing and engineering sectors. A further investment of 2.7 million will realise a fourth phase comprising eight hybrid units, ranging in size between 3,500 sq. ft and 5,000 sq. ft. Construction is expected to commence in February. Graham Sadler, Senior Development Manager of Priority Sites comments: This new phase is significant as we are introducing our 50/50 hybrid concept. These are units that offer great flexibility, as they incorporate first floor quality office space, as well as conventional ground floor space for assembly, storage, light manufacturing or conversion to additional offices. They have proved extremely popular on other schemes in South Yorkshire, and we are confident that the recipe will be just as attractive at Dinnington. The decision to develop further is based on Dinnington s previous track record in attracting occupiers. The development s close proximity to the M1 at junction 31, and the A1, coupled with its quality build specification have made it a highly attractive proposition for companies both inside the region, who Page 11 of 18

12 12 require new premises to aid expansion, and those from further afield looking for an ideal location close to major road links. Priority Sites has established a nationwide reputation for regenerating former brownfield land, primarily in regions of the country that are eligible for financial assistance such as Objective One funding, some sites being former coalfields. Other prominent South Yorkshire schemes developed by the urban regeneration specialist include those at West Moor Park, Doncaster; Shortwood Business Park and Wharncliffe Business Park Barnsley; and due to start early in 2006 a 70,000 sq. ft state-of-the-art office scheme in Sheffield city centre, which will transform the Central Riverside area from a derelict eyesore site into a thriving commercial quarter. Dinnington woman helps tomorrow's entrepreneurs A BUSINESS adviser tasked with offering a helping hand to entrepreneurs of the future is enjoying life in Dinnington just six months into her role. Rachel Clark, 36, was appointed by Rotherham Investment and Development Office (RIDO) the regeneration arm of Rotherham Council back in July Based in Dinnington, Rachel's role is to support the drive to improve the economy by helping entrepreneurs to get on their feet when starting up or expanding their own businesses. And since setting up, Rachel has worked with 62 local organisations and said 'the role does work'. "I have spent the first six months making sure people know who I am visiting schools, Dinnington Area Regeneration Team (DART) and getting out to places like Kiveton, Todwick, Wales and North and South Anston," she said. "I'm enjoying it it's been a learning curve. It really helps that I am in Dinnington and am in the locality. I try and make sure I get out and about every day," she said. Rachel's two-year appointment was funded by the Department of Trade and Industry (DTI) through a pot of money created to provide business support in areas identified as disadvantaged. "I work with a wide range of people from those who want to be in business but don't know what to do next, to people facing redundancy or anyone who has relocated to the area." Rachel, who previously worked for Sheffield Enterprise Agency and Sheffield Chamber of Commerce, helps clients by discussing issues such as market research, customer base, qualifications and running costs. "We always look at what is their unique selling point it has got to be something a bit different from the rest of the competition," she said. "Then we tailor a business plan to suit their needs." Among the successes of the last six months, Rachel has helped 27 people access free training courses delivered by Rotherham Chamber at the Rother Valley Campus and more courses are planned. She has also supported local business ventures including an ironing service, on line business Lizardprice and a local artist who turned his hobby into a living. "It is not just about high flying business men. People want to hear about the success of their next door neighbour and about people doing something for themselves," she said. "There are two pods of business incubator space at the Rother Valley Campus if people are doing research from home and want somewhere more private," she said. There also are plans for an open clinic based at the resource centre where people can drop in and ask questions, as well as business awareness sessions to be held in March. Plans are also moving forward for a new enterprise centre in Dinnington, for business start-ups. "This way if people then decide they want to take their idea further, they can book another one to one session with me," said Rachel. Over 100 million has been invested at the former colliery site and with regeneration high on the agenda in Dinnington, Rachel said her experience so far, showed that the area needs its own adviser. "If anyone needs proof that the role was needed, they just need to see how many local people are coming Page 12 of 18

13 13 through the door. These are really exciting times for the area." Partnership Brings New Centre To Dinnington Residents in a former South Yorkshire mining area are to benefit from a 500,000 new community resource centre. A partnership between Yorkshire Forward, the Dinnington Initiative, Dinnington Area Regeneration Trust (DART) and Rotherham Metropolitan Borough Council has brought to fruition the scheme to build the centre on the site of the former Dinnington Institute in Laughton Road. Yorkshire Forward has contributed 100,000 from its Community Investment Fund and 423,000 from the Single Regeneration Budget. Additional funding has been raised from Rotherham Metropolitan Borough Council, the Countryside Agency, British Coal and the European Regional Development Fund. Anne Francis, DART Development Officer said: "The Trust is delighted with Yorkshire Forward's decision; it endorses the powerful partnership approach over the last two years and represents a significant step forward in the social and economic regeneration of Dinnington." A series of community open days were held last summer to make local people aware of the proposals for the site and allow them to put forward their own suggestions for its use. A modern two storey building will be constructed which will provide premises for the local library in addition to community facilities that include multi-function meeting rooms, a function hall, creche, a café bar, community IT resources and kitchens. The office space will be made available to community groups including DART and various youth groups. Nine new jobs will be created once the centre is completed. Changing rooms have been incorporated into the scheme to encourage local sports teams and youth groups to make use of the nearby playing fields. John Boanas, Development Manager with Yorkshire Forward said: "We are pleased to be involved in this project that endorses community involvement in area regeneration. Everyone has worked long and hard to bring this project to the stage where the physical work is about to begin and we look forward to seeing the completed building." 1. Yorkshire Forward, the Yorkshire & Humber Regional Development Agency is one of eight which were established in England on April 1, 1999, under the Regional Development Agencies' Act It has five statutory objectives to: Further economic regeneration Promote business competitiveness and investment Promote skills development Develop employment opportunities Contribute to sustainable development 3. Yorkshire Forward's vision is to create a region which is world class, prosperous and Is sustainable Has empowered partnerships and communities Has a culture of enterprise and creativity Is a self reliant region Has ladders of opportunity for all. Page 13 of 18

14 14 Market Information on S25 Dinnington Market Trends The size of the property market in S25 is 8423 homes. The postcode district S25 has been experiencing annual growth of 9% over the last 5 years excluding the effect of inflation. This growth rate tends to indicate an area which has invested in improving housing stock, transport links or other local infrastructure. It may also suggest proximity to an area of economic growth such as one of the financial clusters (London, Leeds, Bristol etc.) or strong local presence in growth industries (for example investment in university facilities, attractiveness of an area to IT companies or other knowledge- based organisations). New transactions as a percentage of overall sales are 11%. Comparable Properties For Sale 155,950 Russell House S25 A Stunning development of 12 only exclusive 2 bedroom luxury apartments, situated in the highly sought after residential area of South Anston, Sheffield. These impressive apartments built by Russell Developments boast a fantastic design and generous specification. 149,950 Russell House S25 A Stunning development of 12 only exclusive 2 bedroom luxury apartments, situated in the highly sought after residential area of South Anston, Sheffield. These impressive apartments built by Russell Developments boast a fantastic design and generous specification 139,950 Mountfield Way S25 An opportunity has arisen to purchase this newly built two bedroom modern apartment/coach house being just a short drive away from the M1 motorway network making it ideal for any commuter. Having gas central heating and UPVC double glazing. 136,500 Falcon Court, S25 A Superb Opportunity To Acquire This Two Bedroom Modern First Floor Apartment Situated Within A Private Courtyard Gas Central Heating & upvc Double Glazing Entrance Vestibule/ Lounge/ Dining Area/ Kitchen With Appliances Luxury Shower Room With Four Piece Suite/ Loft Space For Storage 133,995 Barleycroft Lane S25 Recently constructed two bedroom apartment close to Dinnington town centre, with a fitted kitchen, fitted appliances and lifts to all floors and allocated parking. Please note that there is some comparable evidence in S25 to support the gross prices. Simple checks can be made via and search S25 on the buying section. S25 is an exceptionally small postcode area and to search on this basis is very restrictive. As the report has already stated Dinnington and S25 have and are experiencing considerable regeneration investment so apartments are a relatively new phenomenon. Page 14 of 18

15 15 Comparable Properties To Let 650 PCM Byron Road, S25 3 bedroom end terrace -Superior accommodation including whirlpool bath with steam room and massager. Partial air conditioning. Comprehensive range of integrated kitchen appliances. 595 PCM 14 Mountfield Way, S25 An opportunity has arisen to purchase this newly built two bedroom modern apartment/coach house being just a short drive away from the M1 motorway network making it ideal for any commuter. Having gas central heating and UPVC double glazing. 595 PCM Barleycroft Lane, S25 Lift to all floors Penthouse apartment Secure allocated parking full range of kitchen appliances Brand new small development. Please note there is limited comparable data for properties to rent in SS25. This lack of property has supported the lettings agent s opinion on the local rental demand as there is little to rent, but the demand is considerable. S25 is an exceptionally small postcode area and to search on this basis is very restrictive. As the report has already stated Dinnington and S25 have and are experiencing considerable regeneration investment so apartments are a relatively new phenomenon. Comparable Properties Sold in S25 16 Feb Falcon Court, Dinnington, Sheffield, South Yorkshire S25 2JU Flat 132, Jul Falcon Court, Dinnington, Sheffield, South Yorkshire S25 2JU Flat 137, Oct Falcon Court, Dinnington, Sheffield, South Yorkshire S25 2JU Flat 135,000 Please note this data has been taken from information supplied by the Land Registry and can be accessed vie and click on the House Prices tab. The search has been based upon new houses sold in S25 over the past two years (2006 & 2007). S25 is an exceptionally small postcode area and to search on this basis is very restrictive. As the report has already stated Dinnington and S25 have and are experiencing considerable regeneration investment so apartments are a relatively new phenomenon. Page 15 of 18

16 16 Developer s Solicitors John Royle Eaton Smith LLP 14 High street Huddersfield West Yorkshire HD1 2HA PLEASE NOTE: A discounted rate has been negotiated with Ramsdens Solicitors for purchasers. Lease Details Lease Term: 150yrs Ground Rent: per annum Service Charge: 800 per annum Please note that legal clarification should be sort on these figures, as the development has been offered at a very early stage and this information may be subject to alteration. Parking All apartments will have allocated parking spaces with the exception of plots 5 & 8. It should be noted that based upon current plans the 24 residential units will have the facility for 25 parking spaces but 5 & 8 will not have spaces allocated. RICS Valuations Available on a separate pdf Page 16 of 18

17 17 Notice This report has been produced by Property Cube Ltd for the purpose and reference of its own clients. The property referred to in this report or any other property on the development in question is accepted by the reader as an introduction by Property Cube and therefore no direct contact is permitted with the developer and it is strictly prohibited. If this agreement and statement is breached Property Cube reserves the right to charge a 2% (of gross price) fee to the purchaser and/or the introducing agent. We endeavour to make our report accurate and reliable but it should not be relied upon as statements or representation of fact and it does not constitute any part of an offer of contract. A high level of due diligence has been undertaken prior to and during the preparation of this report but we strongly recommend that all of the information we provide about the property s is verified by yourself and/or your advisers. We use the term investment in a broad generic reference and offer no formal investment advice. Room sizes, square footage and distances quoted are approximate and should not be used as an accurate guide. Please note floor plans are for identification purposes only. Accuracy is not guaranteed. They are not to scale and should not be relied upon for any purpose. The image on page 1 of this report has supplied directly from the developer s architects and is only for guidance purposes only. Page 17 of 18

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