2 bedroom flat for saleThe Grand, Elliot Street, The Hoe, Plymouth
Withdrawn from Market £250,000
- Sea/estuary views
- Penthouse Apartment
- Open Plan Reception Room
- Fitted Kitchen
- Two Double Bedrooms, Master with En Suite
- Family Bathroom
- Set Within Grade II Listed Building
- Located On Plymouth Hoe
- Secure Allocated Parking
A penthouse apartment set within the magnificent Grade II listed building
1432 sq ft, open plan drawing room, dining room and kitchen, two double bedrooms, 1 en-suite, underfloor heating, Juliet balcony from master bedroom, an allocated parking space within secure garaging.
ACCOMMODATION: Apartment 28 is located on the top floor of this beautifully refurbished landmark building. Entering at ground floor level take lift to fourth floor.
Wooden front door leads into entrance hallway leading through to, open plan reception room with stunning views across the city toward Dartmoor, fitted kitchen with a range of integrated appliances.
Further accommodation comprises two double bedrooms with en-suite shower room to the master bedroom and family bathroom. The apartment also benefits from under floor heating, carpeting throughout living areas and tiled flooring to kitchen and bathrooms and secure underground allocated parking.
DEVELOPMENT UPDATE: Following the incidence of damp ingress during last Winters period of bad weather, the Receivers have consulted with the current owners & Management Company, & recommended a programme of planned maintenance. The Receivers instructed Currie & Brown Building Consultants to investigate the condition of the render & the causes of the damp ingress, & they reported at the end of June with their findings & recommendation for remediation of the problem.
In summary, the Currie & Brown report (which incorporated a specialist structural engineers report) concluded:
- The cracks in the render do not warrant immediate concern, & are most probably due to ongoing thermal movement
- The Grand is a historic building, as with all such buildings, is & will be prone to continual movement.
- The incidence of leaks from 2012 onwards is mostly attributable to cracks in the render, primarily in the southern (sea facing) facade, & cracks are attributable to the settling down of the building following the fire & subsequent conversion works.
- The building will require ongoing planned maintenance, as all buildings do, this has been anticipated & budgeted for by the Management Company.
- Estimated budget to address the planned maintenance & repair items identified as requiring immediate attention is £92,500.
The aim is to receive tenders, place a contract & complete the works before the end of the calendar year. As the Receivers have established that the cost of the works is likely to be covered by Dunbar, Premier bond & the Management Company from current sinking fund reserves, it is not envisaged that new purchasers will be required to contribute to the cost of the current works. They will of course be bound by the terms of their new leases to pay a service charge, which will include a sinking fund element to plan for future planned maintenance.
For further information or an update on the above, please contact Atwell Martin on 01752 202121.
LEASEHOLD INFORMATION: Length Of Lease: 999 year lease commencing in 2003.
Service Charge: Approx. £3152.14 Per Annum.
Ground Rent: £400 Per Annum.
Car Park Ground Rent: £100 Per Annum.
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