Affordable City Centre Living in one of Manchester's Landmark Buildings
10-10-2006
Assettrust Housing, a private company investing in social housing announces the launch on the 18th and 24th October of Pall Mall House, a prestigious development of 43 one and two bedroom apartments which form part of the landmark ‘Lighthouse’ building in the heart of Manchester’s Northern Quarter.
Available on a shared ownership basis, prices for a one bedroom apartment start from £15,625 for a 12.5% share and as Ken Cox from Assettrust Housing comments, ‘this really is city living at an affordable price.’
Each apartment is sold with a fully integrated kitchen complete with dishwasher, fridge-freezer and washer-dryer, whilst the bathrooms have a contemporary feel with fittings by Conran.
Attention to detail continues throughout, with laminate flooring in the living/dining room, the bathrooms and kitchens have stylish rubber tiles and the bedrooms are carpeted.
Cox again, ‘Pall Mall House is a stunning warehouse conversion offering the very best of contemporary living. Each apartment is fully fitted and all the buyer need do is simply move in!’
Located at the heart of a thriving urban community, Pall Mall House is situated between Ancoats and Piccadilly in an area that has become home to designers, artists and galleries.
And the benefits of shared ownership make city centre living a real possibility for those looking to get a foot on the first rung of the property ladder.
Cox explains, ‘put in simple terms shared ownership means buying a share of a property with a mortgage and paying a reduced rent on the remainder. At Pall Mall House purchasers can buy anything between 12.5 – 75% with the option to purchase further shares after 12 months.’
As part of the agreement, buyers will have to pay a service charge to cover such items as buildings insurance and the cleaning of communal areas.
Cox again, ‘purchasers may not be buying the property outright but they will have all the usual rights and responsibilities of a full owner-occupier.’
Two open days for Pall Mall House are being held in the Eva Room at the Alias Hotel Rosetti, 107 Piccadilly on Wednesday 18th October between 10.00 am – 4.00 pm and Tuesday
24 October between 12.00 – 7.00 pm. Please call 0845 373 242 for further information, or visit the Pall Mall House website.
For further information please contact:
Ken Cox, Assettrust Housing Limited,
Tel: 020 772 8431
Alison Blease, PR Director, Assettrust Housing,
Tel: 020 7761 9598