No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

2 bedroom apartment

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New build
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Apartment
2 bed
1 bath

Key information

Tenure: Leasehold
Council tax: Ask agent
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
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Property description & features

  • Tenure: Leasehold
  • The Exchange Preston
  • 40 x Two 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

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

Places of interest

    Our Services Revilo Homes & Mortgages We're your one-stop shop for all your property requirements. We don't just offer a service to clients, we live and breathe property because not only are we estate agents, but we are also new house builders, residential and commercial landlords, mortgage brokers, insurance experts and we're also directly FCA regulated. Shouldn't that give you some peace of mind when interacting with us? We don't do gimmicks. It's strictly what you see is what you pay. We don't say there's no commission - and then charge you a big fat fee instead and we certainly don't offer loan agreements like Purple Bricks! We don't push you into decisions you're not ready for. What we do is offer you quality, and a range of services you simply will not find anywhere else'. It's property....but done right! In fact, we're not just enthusiastic about meeting our customer's needs, we're passionate about it. From your very first contact, you'll notice the Revilo difference. Nothing is too much trouble, no request too large - or small. If it's important to you, it's important to us and we will do our very best to demonstrate that at every opportunity. And this goes whether you're selling, buying, letting or renting, looking for a mortgage, or need the protection of insurance. Our Mortgage & Protection Services We believe everyone has the right to free independent mortgage and protection advice, whatever your circumstances. An independent mortgage advisory service from start to finish. While most mortgage brokers will charge you a hefty fee for using their service, we don't. Our service is funded mainly by mortgage lenders, so you can bid farewell to large advice fees. No obligation, just specialist advice on your mortgage and insurance needs. Whole of Market Comparison We compare 1000s of products to find the one best suited to your needs. Our advisors have access to hundreds of mortgage and insurance products across the whole market and, unlike online comparison sites, our advisors tailor your products to fit your personal circumstances. Best in Market & We Do ALL the Paperwork We will find you the best deal available for your current circumstance. Your personal mortgage advisor will complete all the relevant paperwork for you, liaising with solicitors, lenders and surveyors throughout the process to make sure your mortgage is put in place as smoothly as possible. What we can help with... First Time Buyer Re-mortgage Moving Home Buy to Let** Help to Buy New Builds Right to Buy Shared Equity (Personal & Business) Protection needs Home Insurance Life Assurance Critical Illness Income Protection *We may charge a fee for unregulated investment mortgages Revilo Investments... Revilo Investments help to source investment properties for all different types of strategies, for all different types of investors. We do this by removing the time-consuming effort of hunting and conducting due diligence for an individual property or a portfolio you are trying to grow. Not every property is an investment opportunity or creates a good rental yield or return on investment, however with Fixed Fees and no unexpected costs you will be in safe hands with us. We already boast a successful property portfolio of our own, making us the perfect 'one stop shop' for your hands off investments. Furthermore, we not only help to find property with great potential, but we can also help you renovate the property with our sister company, Revilo Developments. Help to fund the property with our own team of mortgage advisors, directly authorised by the FCA and CeMAP qualified, as well as finding you a tenant or offering a managed let with Revilo Homes & Mortgages. So, if you are wanting a hands-off, easy approach to property investments then sit back whilst we will provide all the documents and requirements you need all under one roof.

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    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

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