Investors will secure their purchase of an apartment at the prices shown in the previous table by signing a legally binding agreement to purchase and paying a deposit of 5% of the purchase price with the 3.5% fee and 50% of legal fees.  A further 5% of purchase price will be required within six months of exchange of contracts.  Apartments will be allocated to investors on a first come first served basis with an exchange of contracts to occur shortly and completion scheduled for spring 2009. Gandon Solicitors* will act on behalf of the individual investors.  We have negotiated a group discount of £600 plus VAT and outlay for each unit.

*Michael Hickey, Gandon Solicitors, Gandon Chambers, 1/3 Farmhill Road, Clonskeagh, Dublin 14, Ireland. Phone: +353 (1) 2982994.

Summary of Steps to Completion

1. Select and reserve your chosen unit(s)
2. Sign and return a copy of the engagement letter with a certified copy of
identification and a recent utility bill.
3. We will instruct Gandon Solicitors to contact you and act on your behalf.
4. Transfer 5% of purchase price with 50% of the legal fee and outlay to Gandon Solicitors Client account by the 31st of October.
5. The developer’s solicitor will issue the contract to your solicitor (i.e. Gandon Solicitors).
6. You sign the contract(s). Your solicitor exchanges your signed contract(s) and
deposit(s) with the developer’s solicitor.
7. Prior to completion you arrange suitable bank borrowings in order to part fund
the balance of the purchase price and completion costs. We will facilitate the
arrangement of such borrowings subject to normal lending criteria.
8. We will introduce you to a letting agent and fit-out supplier.
9. The purchase completes and the property is prepared for letting.

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