Stylish living in Falmouth
A choice of 11 superb contemporary style apartments within the conversion of a most elegant Arts and Crafts school building, set in an elevated position near the heart of the historic port of Falmouth, giving panoramic views over some of southern englands finest sailing waters. Conveniently placed for the shops,restaurants,yacht clubs and the National Maritime Museum, this outstanding conversion offers a range of 2 bedroom duplex apartments and 1 and 2 bedroom garden apartments, with parking. This conversion seamlessly mixes period architecture with hi-tech living.
Location
Bowles House is quietly located along Clare Terrace directly above the thriving waterside town of Falmouth and commands breathtaking views spanning Falmouth harbour with the moored yachts and boats, across to the picturesque village of Flushing, Trefusis Point, the coastline of the Roseland Peninsular the Fal Estuary and its 2 sentinel towers at St Mawes and Pendennis Head. The building’s setting is perfect for access to not only the sailing facilities of the Royal Cornwall Yacht Club, Falmouth Marina and Port Pendennis but also for Falmouths fine selection of shops and Restaurants, business facilities and leisure facilities.
Leasehold Questions
Are the properties sold Freehold or Leasehold?
Each property is sold on the basis of a 999 year lease. All the owners will enjoy full rights to use the communal areas of Brunel Quays during their residency.
Will there be a management company?
Yes, Fowey River Development Management Company Ltd has been set up to manage the development and organise the communal areas including the parking etc. The Freehold is also owned by FRDC Ltd and they will maintain all the common areas, external landscaping to ensure carefree ownership.
Are there any other charges I will have to pay on top of the purchase price?
FRDC Ltd require a yearly service charge to cover the ground rent cost and agreed services of general maintenance, external window cleaning, landscaping/ gardening, communal TV system maintenance, communal fire extinguisher maintenance ( if applicable) refuse collection, building insurance and auditor payments, communal water (outside taps) and electricity payments for external lighting and finally a sinking fund to provide suitable funds for larger items of maintenance in the future.
Is there a fee payable to reserve the property of my choice?
Yes , a non refundable fee of £1000 to reserve your property payable to Fowey River Development Company Ltd. A further 10% of the full price is payable on exchange of contracts.
When will my property be completed and handed over to me?
All purchasers will be given due notice of the final handover date this is to be confirmed shortly
Can I let my property out?
Yes – this is permitted under the terms of the lease. Your tenant will be subject to the provisions contained in your lease which sets out certain standards and governs the use of the development .
What are the parking arrangements?
Each property will have one numbered parking space (position to be confirmed)
Can I or my solicitor make any changes to the lease?
No – the lease has been made to be fair to all parties. Each property is sold on the basis of the same standard lease to ensure each owner is subject to the same rules.
Reservation Procedure – Bowles House, Falmouth
- In order to reserve the property of your choice, you will pay £500.00 to ‘Wombwell Homes (Falmouth) Ltd’. In the event of you changing your mind and withdrawing from the proposed purchase for any reason, Wombwell Homes (Falmouth) Ltd will retain this amount to cover administration costs.
- Within 28 days of receipt of draft contracts by your appointed solicitor, Wombwell Homes (Falmouth) Ltd will require an exchange of contracts, together with a deposit of 10% less the reservation fee.
- If your proposed purchase is subject to the sale of your own property, we will accept a conditional exchange of contracts. We will advise you of a completion date of your purchase and you will have due notice to complete the purchase. In the event of you not being able to achieve this timescale, you will be subjected to the terms and conditions of sale. Wombwell Homes (Falmouth) Ltd will then reserve the right to re-offer the property to the open market. This course of action will be taken only following discussion with yourself and your appointed legal representative.
- Should an alternative purchaser be found, then Wombwell Homes (Falmouth) Ltd will return the deposit money to you, less the agreed amount which will be retained to cover administrative costs as advised and the contract will be declared null and void.
- If in due course, you are unable to sell your property and then wish to buy an alternative property from Wombwell Homes, we will be pleased to discuss fresh terms with you at that time.
Management Structure and Costs
All 11 units will be sold on 999 year leases. Ground rent will be payable at £80 per year which equates to £6.67 per unit per month. Each unit will have a dedicated numbered parking space.
Bowles House Management Co Ltd will control all maintenance, management etc and will be managed in house or by a nominated agent, for which a charge of 10% of actual management expenditure will be levied. Each leaseholder will have a right to vote when matters are due for consideration by the Management Company.
The Management Company will be responsible for all elements detailed in the attached breakdown table of costs. The management costs, divided equally between the 11 units, amount to approximately £18 per unit per week.
For further details please contact rita on Tel: 07810184833
Call or Visit us at our show house
Visit our new sales office at Grenville Road Lostwithiel tel :01208 871711 for information or contact Lillicrap Chilcott on 01872 273473 for a viewing appointment for Bowles House only.
Call now or use the form on the right to book your appointment.
Opening Times
Thursday – Monday 10am to 4pm.
Tel: 01208 871711
Mobile: 07810184833
