- One Bedroom Flat
- Over 55s Only
- 70% Ownership
- No Additional Rent Payment
- Close to Train Station
- Lounge and Sun Room
- 99 Year Lease
- City Centre Location
- Communal Areas Maintained
- No Chain
FANTASTIC opportunity to purchase affordable, over 55s accommodation just a short stroll from Lancaster city centre. Offered on a 70% ownership basis, this ground floor, one bedroom flat is ideal for those looking to downsize and be close to the city's amenities.
<p>The property briefly comprises; entrance hall, kitchen, double bedroom, generous lounge, sun room and bathroom. Externally there is a courtyard for residents parking. 'Lifeline' is already installed and can be used at an additional fee. Conveniently located in the city centre and a short walk to Lancaster train station. NO CHAIN.</p>
<p>Wheatfield Court, Lancaster<br />This property is available to those retired from active employment and over the age of 55 years.</p>
<p><br />The property is Leasehold and is offered on a 99 year Lease. The Freehold remains with Lancaster City Council who retain a 30% equity in the property for which there is no additional cost or rent to be paid.</p>
<p>The Lease is not assignable, but is to be surrendered back to the City Council, i.e. there is a guaranteed purchaser (Lancaster City Council) of the property should the Tenant (current owner) wish to leave.</p>
<p><br />There is an annual Service Charge payable to the City Council which is currently £400 per annum and covers maintenance of the buildings and common areas, buildings insurance, servicing and maintenance of the Lifeline System and management costs. This cost is variable.</p>Council tax band: A, EPC rating: C.