A L T O , Developer Location Location Authority Tenure Completion No. of floors Types of units Postal Code
M A N C H E S T E R Winoca Limited (Subsidiary of Fulcrum Global Properties) Block D, Alto, Sillavan Way, Salford, M3 6GF Salford City Council 250 years from 1 Jan 2013 Turnkey, Completed in Sept 2014 17 Floors + Ground Floor Two bedroom and Three bedroom apartments Apartment 1-81 Block D Alto, Sillavan Way, Salford,M3 6GF
About the Development Alto is an extraordinary and original as the urban environment it belongs to. Its prime location sets it within the hub of the city, situated just minutes away from the Spiningfields development and within walking distance to Deansgate and the historic and lively area of Castlefield. It is the location of choice for savvy urbanites looking to tick all the boxes. It’s easy to hop from one hotpot to another from Alto’s prime location. Alto is a residential development located between Trinity Way and Chapel Street, a short distance from the city centre, the development comprises four apartment blocks, varying in height from 6 to 18 storeys and totalling 327 apartments in all. The Concierge facilities are located within Block D and there are no affordable or social rented apartments within the development. Built as part of the flurry of redevelopment of central Manchester, Alto provides stylish, urban living with a contemporary twist amidst a city steeped in historical curiosity. Alto brings together a selection of stunning and chic apartments, offering sharp city dwellers a desirable combination of stylish and individual surroundings in a truly central location.
About Fulcrum Established in 2009, Fulcrum is a boutique real estate investment firm based in Hong Kong with US$ 500 million of assets under management. The company focuses on city-center investments in the UK and ASEAN, and partners with some of the best developers in these regions. In addition to capital, our experienced team works intimately with our partners to deliver the best-in-class product in some of the most exciting cities in the world.
The Location Alto is the location of choice for savvy urbanites looking to tick all the boxes. Manchester’s verve is a quality that has not only drawn hordes of new residents in recent years, but also unprecedented investment ranging from the spectacular development of MediaCityUK in Salford, to the Cooperative's £800m residential and commercial development, NOMA at the other side of the city. It’s Alto’s prime location that sets it apart as the pinnacle of urban living, cool and connected, with all major transport links falling in close proximity. From the ring road providing easy access to the major motorways, to the 2-minute walk to Salford Station.
China Town
Castlefield
Spinningfields (CBD)
Other Information A. Council Tax (Note: Applicable only if property is vacant or self-use) Valuation Band A B C D E F G H
Property Value Up to £40,000 £40,001to £52,000 £52,001to £68,000 £68,001to £88,000 £88,001to £120,000 £120,001to £160,000 £160,001to £320,000 More than £320,000
B. Property Management Agent Zenith Management (NW) Limited
C.
Estimated Service Charges p.a. Two Beds: £1,350 to £1,450 Three Beds: £1,885
D. Ground Rent p.a. Two Beds: Three Beds: Parking: E.
£300 £300 £50
Letting and Management Agent Fulcrum Asset Management Limited Letting Fee: 12% of rental (+VAT if applied) * Repair and maintenances fee is excluded
Council Tax Charge £921 £1,075 £1,228 £1,382 £1,689 £1,996 £2,303 £2,764
Payment Terms 1)
A non-refundable reservation fee HK$25,000 is payable upon reservation
2)
15% of the purchase price (minus the reservation fee) is payable within 28 days of reservation and on exchange of contracts
3)
85% balance is payable on standard completion which is 90 days after exchange or;
4)
85% balance is payable on or before 31 March 2017 if choosing Delay Completion Option
Documentation Required For Exchange of Contract
Photo identification – Passport of Identification card (ID Card) One current utility bill copy or bank statement copy showing name and home address no older than 3 months. Please be advised that the solicitors must have signed and certified the original copies of the above OR
A third party letter of compliance from the purchasers solicitors If the purchase is being taken in a Company name, then the following must be provided:
A copy of the Certificate of Incorporation and Memorandum of Articles and Association Evidence of the company’s registered address A list of Directors and Shareholders Individual Photo Identification and Address Identification for Directors and Shareholders
Vendor’s Solicitor JMW Solicitor 1 Byrom Place Manchester M3 3HG Jessica Henthorn Tel No: (office) +44 0161 838 2814 Email:
[email protected]
Recommended Purchaser’s Solicitor TBC
Jones Lang LaSalle Property Consultants Pte Ltd ®
CEA Licence No. L3007326E 9 Raffles Place #39-00 Republic Plaza Singapore 048619 Tel: +65 6220 3888 Fax:+65 6225 3165
[email protected]
www.jllresidential.com/sg/ips
Jones Lang LaSalle Property Consultants Pte Ltd for themselves and for the vendors or lessors of this property whose agents they are, give notice that the particulars do not constitute, nor constitute any part of an offer or a contract. All statements, contained in these particulars as to this property are made without responsibility on the part of Jones Lang LaSalle Property Consultants Pte Ltd, or vendors or lessors. All descriptions, dimensions, and other particulars are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of the each of them. No person in the employment of Jones Lang LaSalle Property Consultants Pte Ltd has any authority to make or give any representation or warranty whatever in relation to this property. This is an overseas investment. As overseas investments carry additional financial, regulatory and legal risks, investors are advised to do the necessary checks and research on the investment beforehand.
