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Millharbour

Executive Summary

• The price offered includes a discount of 4% as an immediate sale which will
give the developer early closure saving in potential fees and marketing
costs.


• Investors will pay a deposit of 13% inclusive of fees to secure their
apartment, completion will be spring 2008.


• 31 Millharbour is adjacent to the 5 star Ballymore Properties development
known as Pan Peninsula, where last remaining one bed apartments are
selling off plan for between £410,000 and £446,000.


• Contract may be sold prior to completion.


• The leasehold term will be 999 years (virtual freehold), for which it is
proposed that a ground rent of Stg£250 p.a. will be charged.


• The Old Ground Property Co Ltd is arranging a complete investor
acquisition service, including bank funding, legal advice and execution plus
an introduction to a fit-out supplier and letting and management agents.

 

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