mcclean place investment brochure 25% bmv

8/8/2019 McClean Place Investment Brochure 25% BMV

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MISREPRESENTATION ACT 1967 NOTICE: Mark I Anson Property Ltd for themselves and for the Vendors or Lessors of this property whose agents they are give notice that:- 1) We have prepared these sales/lettings particularsas a general guide and they do not constitute any part of an offer or a contract. 2) All descriptions, dimensions, reference to condition, necessary permissions for use i n occupation are made without responsibility on the part of the Mark I Anson Property Ltd or the Vendors or Lessors. 3) None of the statements contained in these particulars are to be relied on as statements of representations of fact. 4) We have not carried out a survey nor tested theservice, appliances and specific fittings. Room sizes should not be relied upon for carpets and furnishings and any intending purchaser or lessee must satisfy themselves by inspection or otherwise as to the correctness of theseparticulars. 5) The Vendors and Lessors do not make or give and neither the Mark I Anson Property Ltd nor any persons in their employment has any authority to make or give any representation or warranty whatsoever inrelations to this property. 6) If there are any important matters which are likely to affect your decision to buy or rent, please contact us before viewing the property. 7) No liability is accepted for any travelling or otherexpenditure incurred including legal costs by prospective Purchases or Lesses in viewing the property or making further enquiries that may have been sold, let, withdrawn or subsequently let or sold to a third party.

Gr oss Pr ice £68,000Disco u nt 25%

Net Pr ice £51,000 Instant Eq u ity - £17,000Mo r tgage £219 P CMRent £375 P CMCas h flow £156 P CMP e r Ann u m Cas h flow £1,956

Based on mortgage rate of 5% - rates may vary

Br ief Pr ope r ty Details

Property Type: 1 Bed Apartment (1 st Floor)Age of Property: 1980 sFreehold or Leasehold? FreeholdBedrooms: OneBathrooms/toilets: OneReception rooms: One

Garden: NoGarage: NoNumber of off-road parkingspaces:

Street Parking

Central Heating: Central Heating & Double GlazingCondition: Excellent Order having been recently refurbed





Neig h bo urh ood Pr ofile

Often, many of the people who live in this sort of postcode will be young educated workers

living in flats. These are known as type 17 in the ACORN classification and 0.76% of the UK'spopulation live in this type.

Neighbourhoods fitting this profile are found in Scottish cities such as Edinburgh, Glasgow,Aberdeen and Dundee, and in English towns such as Brighton, Cambridge, Bath andSouthampton.There are many young people in their twenties in these densely populated areas. Most areworking, but there is also a significant number of students. The majority live on their own insmall flats, which will be either purpose built or conversions. Given this type is often found in

Scotland, tenements will also be common.

These young people are well qualified, with levels of NVQs, A-Levels and degrees well aboveaverage. They are early in their careers and have modest incomes, which should continue torise. This does mean they are unlikely to have any financial investments.

Living close to the centre of activity, in terms of both their work and recreation, there is littleneed for access to a car. Public transport, cycling and walking are the main options for gettingaround.

Self-improvement and education are important to this group and they devote free time toboth. They are busy people and enjoy socialising in bars, restaurants and coffee shops on aregular basis.

They do not buy many newspapers, but The Guardian and Independent are most popular.





Ar ea





Number of Bedrooms 1

Property Age 1980¶s

Type of Property i.e. Terrace/Semi-Detached/Flat Apartment

If Flat ± How many floors does the building have? 4

What floor is the flat on? 1st

Are there any commercial units below? If Yes whattype? Office, fast food, general shop? No

Type of Construction Brick

Freehold or Leasehold Freehold

Length Remaining on Lease n/a - freehold

What type of heating does the property have? GasCentral Heating or Electric Storage Electric

If GCH - is this through a Combi Boiler or back boiler?Approx age of bolier? Electric Storage Heaters

Does the property have Double Glazing?Are they uPVC/Aluminium/Wooden? Double Glazing

Approx age of Double Glazing & Condition? Wooden

How long has the owner owned the property? 1 year

Has the property had any extensions or alterationsi.e. Loft room None

Is there Parking?Garage/ On or Off Street? Resident car park ± non allocated

Is the Property currently Owner Occupier? Yes

Does / Can the seller Complete in 6 weeks? Yes

Agent Involved or Direct with Vendor? Direct with Vendor

Is the property currently being marketed elsewhere No





Area Glasgow

Property Exterior Security door entry.

Gardens Well kept

Windows & Doors Recently refurbed

Roof / Gutter Good Order

Hallway Recently refurbed

Living Room Laminate flooring, good decor

Dining Room Goo Décor, bright

Stairs & Landing Good. Well kept

Kitchen White units, beech worktop. Beech laminate.

Kitchen - What is included in the sale? i.e.Oven/hob/extractor?

White oven and hob built-in. Washing machine.Free standing fridge/freezer.

Bedroom 1 Magnolia fresh decor. Pink carpet. Good decor

Main Bathroom Modern suite and electric. Laminate flooring.White decor walls.

Approx Cost of Works: n/a ± Property requires no work

Other Recently undergone a refurb on whole building

Additional Comments





Sale Compa r ables (wit h in 1 mile)





Rental Compa r ables (wit h in 1 mile)





F inance

We have Mortgage Brokers and solicitors in place.Once you have DIP we will instruct valuation to be carried out.£1,000 reservation fee, balance on successful valuation. No hidden costsThe amount of £2,995+vat includes all introduction fees, legal, valuation, brokerand closing fees.

Su mma r yReservation fee - £1,000+vatTotal cost to investor £2,995+vatTo avoid missing out, reserve quickly.

Th e Oppo r tu nityy Investment Featuresy Fees and buying process

25% BRV (below RICS Valuation)

This means that whatever the valuation comes in at you will receive a 25% discount off that

valuation. A recent RICS valuation has been carried out at £68,000 with a rental valuation of £375 per month: 28 th July 2010

Investment Feat ur es

y 25% off the RICS valuation.y Positive cash flow.y An excellent portfolio of properties in areas where renting is the norm.y Rental Management Company in place to manage the properties.y Completion within approx 4-8 weeks.y Fully managed completion service.





F ees & B u ying Pr ocess

y

Investor agrees to purchase.y Professional fees invoiced by Mark I Anson Property Ltd. cc Agent.y Professional fees paid by investor (bank transfer), reservation form signed & returned

by post.y Investor contacted by mortgage broker to achieve decision in principle from the

lending bank.y Mortgage forms returned by investor.y Once successful, solicitors notified and contact investor.y Surveyors instructed to carry out valuation.y Investor s solicitors work towards exchange and completion.

Should investor not be accepted for finance, unsuccessful DIP a second choice investor to be informed of option topurchase.



Ma r k I Anson Pr ope r ty Ltd Te r ms and Conditions P olicy

1 Definitions

a) The following definitions will apply to terms usedthroughout this document unless the context in which aterm is used implies a meaning that is different to thedefinition provided.

Mark I AnsonProperty Ltd

Mark I Anson Property Ltd, affiliates, officers,employees, agents, contractors, successors and

assigns.

ReservationRequest

An application made by or on behalf of a company,entity, group or individual.

ReservationA prior right of purchase granted to a company,

entity, group or individual

PurchaserThe company, entity, group or individual being

introduced to a property vendor s solicitor

AdministrationFee

A fee payable by the Purchaser due in respect of the introduction of the vendor s solicitor.

ReservationFee

A fee payable immediately by the Purchaser inorder to secure a Reservation.

AssessmentPeriod

A period of five full working days from the date aReservation fee has been paid by the Purchaser.

2 Gene r al Te r ms and Conditions

a) The Purchaser must have read and understood theReservation Form and read, understood and agreed to boththe disclaimer and the terms and conditions of theReservation Form before conducting any business with MarkI Anson Property Ltd. If you are unsure about any terms,please e-mail Mark I Anson Property Ltd for furtherclarification.

b) By completing a Reservation Request and paying aReservation Deposit, it will be implied that you are agreeingto the terms and conditions outlined in the ReservationAgreement.

c) Most of the introductions offered by Mark I Anson PropertyLtd are subject to adherence with a strict payment andcontractual schedule. Failure to comply with the terms of the stipulated schedule will invalidate the introduction andlead to loss of monies paid. Therefore, please do notproceed with any introduction or pay any monies out unlessyou are in a position to comply with the stipulated schedule.

d) Mark I Anson Property Ltd can accept payment via banktransfer, credit card, debit card or cheque. Mark I AnsonProperty Ltd is unable to accept payment by cash or bankersdraft.

3 Rese r vation Pr oced ur e

a) Reservation of an introduction grants to the Purchaser aprior right of purchase. To reserve an introduction, thePurchaser must pay a Reservation Fee, which consists of twoelements. The amount is stated on all marketing details andis variable by vendor. The first element is non refundablebut is credited towards the introduction. The secondelement is refundable should the vendor withdraw from thesale.

b) The Purchaser must be ready to complete within 28 days of the Reservation being confirmed unless stated or agreedotherwise. A Reservation is not confirmed until thePurchaser has been notified in writing by Mark I AnsonProperty Ltd and the agreed Reservation and AdministrationFees have been paid by the Purchaser.

c) The Purchaser will be notified of the full address of thevendor only when the agreed Reservation and

Administration Fees have been received by Mark I AnsonProperty Ltd. Upon receipt of the agreed Reservation andAdministration Fees the Purchaser will be granted anAssessment Period of five working days during which timethe Purchaser may complete any due diligence and must besatisfied that the introduction is sufficient and appropriatefor purpose. If the Purchaser wishes to withdraw from thepurchase during the Assessment Period, the Purchaser mustnotify Mark I Anson Property Ltd in writing immediately. Theagreed Reservation and Administration Fees (less thesecondary element of the Reservation Fee of £500) will berefunded in this event. Following the Assessment Period, if the purchaser chooses to withdraw from the purchase norefund will be given.The Administration Fee is non refundable except where thevendor withdraws from the sale.

No interest shall accrue to the Purchaser in the event of arefund of the Administration Fee.

d) Mark I Anson Property Ltd does not accept responsibility forany expenses or losses incurred by the purchaser in anyevent including if the introduction fails to achieve avaluation sufficient to that given in the promotion. Expensesand losses include but are not limited to valuation fees,broker fees, legal fees and research fees.

e) The purchaser is responsible for performing his/her own duediligence in order to determine the introductions value andsuitability before accepting the terms and is given fiveworking days for this purpose. Should a vendor withdrawfrom the sale, a suitable replacement property will bepresented.

f) Unless stated or agreed otherwise, it is a condition of theReservation that the Purchaser completes the purchaseusing a solicitor and/or a mortgage advisor nominated orapproved by Mark I Anson Property Ltd. If a situation occurswhere more than one applicant requests to reserve thesame property, the property will be allocated to a singlepurchaser at the discretion of Mark I Anson Property Ltd.The decision to allocate an introduction to a particularpurchaser will be based on the merit of each applicant srequest and perceived likelihood that the purchase willcontinue to completion. Mark I Anson Property Ltd willnotify unsuccessful applicants either in writing (electronic orotherwise) or by telephone. The decision of Mark I AnsonProperty Ltd is final.

4 Disclos ur e of Info r mation

a) Each party acknowledges and agrees that any informationrelating to the other party's business which is not generallyknown to the public is confidential and proprietaryinformation.

b) The purchaser agrees not to disclose the details of thevendor without prior written agreement from Mark I AnsonProperty Ltd.

c) The Purchaser agrees not to disclose the details of thesourcing company to third parties without prior writtenagreement from Mark I Anson Property Ltd, or to use the





services of the sourcing company again without theengagement of Mark I Anson Property Ltd.

5 Disclaime r

a) Mark I Anson Property Ltd is neither a licensed investment advisornor a licensed estate agent. Mark I Anson Property Ltd is notauthorised by the Financial Services Authority to provideinvestment or financial advice.

b) The information on the website an in any other materialspresented by Mark I Anson Property Ltd is neither intended to be,nor should be construed as, an invitation or inducement (direct orindirect) to any person to engage in investment activities.

c) Every reasonable effort has been made by Mark I Anson PropertyLtd to ensure the accuracy of the information displayed on thewebsite and in any other materials presented by Mark I AnsonProperty Ltd. whilst believed to be accurate, the informationprovided is for guidance only. Mark I Anson Property Ltd makesno representation and gives no warranties as to the accuracy of the information provided and accepts no liability for any errors,

misprints or omissions (whether negligent or otherwise).

d) The Purchaser should not rely on the information orrepresentations of fact, but must satisfy himself through hissolicitor and by physical inspection in question or otherwise as totheir accuracy.

e) No person in the employ of Mark I Anson Property Ltd has theauthority to make or give any representation or warranty inrelation to the introductions. Mark I Anson Property Ltd shall notbe liable for any loss or damage whatsoever arising as a result of any person acting or failing to act upon information provided.

f) Mark I Anson Property Ltd displays information aboutintroductions on behalf of third-parties for whom Mark I AnsonProperty Ltd is either an agent or representative, and is thereforenot responsible for the validity of the details relating tointroductions shown.

g) Any areas, measurements or distances are approximate only. Anytext, photographs and plans are for guidance only and are notnecessarily comprehensive.

h) It should not be assumed that each introduction has all necessaryplanning, building regulations or other consents.

i) For all introductions, it should not be assumed that Mark I AnsonProperty Ltd has tested any services, equipment or facilities, andthe purchaser must satisfy himself by inspection or otherwise.

j) All off-plan particulars are prepared from preliminary plans andspecifications before the completion of each introduction and areintended only as a guide. These may be changed duringconstruction and final finishes could vary. The purchaser shouldnot rely on this information and wherever possible, shouldinstruct a solicitor to check the plans and specifications before

exchanging contracts.k) Mark I Anson Property Ltd is not responsible for future changes in

the market or market conditions. Past performance is not a guideto future performance. The value can go up as well as down.

l) Mortgage applications are subject to individual status. Guaranteescannot be made that any particular applicant will obtain amortgage on the investments or the value of the mortgage theywill be able to obtain.

m) Guarantees cannot be made on the resale.

6 Gove r ning Law

a) This Agreement shall be governed by and construed in

accordance with the substantive laws of the UK and theEuropean Union.

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mcclean place investment brochure 25% bmv

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