2 Bedroom Flat

SHARED OWNERSHIP – 55% SHARE

SHARED OWNERSHIP – 55% SHARE

Offered for sale on a shared ownership basis, the asking price of £192,500 represents a 55% share of the property, with the remaining 45% owned by Latimer/Clarion Housing Association. The current rent payable on the remaining share is £382.75 per month. There may be an opportunity to purchase further shares through staircasing, subject to the terms of the lease and approval from Latimer/Clarion Housing Association.

The Cocoa Works is an impressive conversion of York’s iconic former Rowntree’s factory, thoughtfully transformed to retain its historic character while offering stylish contemporary living. The development also benefits from landscaped communal gardens, a concierge service and inviting communal spaces.

A communal entrance hall, with both stairs and lift access, leads to the third floor. Upon entering the apartment, a generous hallway provides a large storage and cloaks cupboard before continuing into the spacious open-plan living accommodation.

This impressive dual-aspect room is flooded with natural light through an excellent range of windows and features parquet-style flooring throughout. The contemporary kitchen is fitted with a comprehensive range of units and integrated appliances, including two eye-level ovens and a separate induction hob. A central island provides additional workspace and an informal breakfast bar, while the remainder of the room offers ample space for both dining and relaxation.

Also accessed from the entrance hall is the principal bedroom, complete with an en-suite shower room, alongside a second double bedroom served by the stylish house bathroom.

The Cocoa Works occupies a convenient position just off Haxby Road, within easy reach of York city centre and offering straightforward access to the outer ring road and wider road network.

GENERAL REMARKS

VIEWING
All viewing is strictly by prior appointment with the sole selling agents, Hudson Moody. Please contact our offices at 58, Micklegate, York, YO1 6LF.

FIXTURES AND FITTINGS
All fixtures and fittings are specifically excluded from the sale unless they are mentioned in the particulars of sale.

SERVICES
Mains supplies of water, electricity and drainage. Electric heating.

LOCATION
Situated just off Haxby Road the building provides easy access to the city and outer ring road.

LOCAL AUTHORITY YORK
City of York Council, West Offices, Station Rise, York, YO1 6GA. Telephone 01904 551550.

AGENT'S NOTE
Leasehold - shared ownership. 55% owned; rent is paid
on the remaining 45% share (Latimer/Clarion).
Full open market release has been granted, so it can be sold at 100%
or as the 55% share.

OFFER PROCEDURE
Before contacting a Building Society, Bank or Solicitor you should make your offer to the office dealing with the sale, as any delay may result in the sale being agreed to another purchaser, thus incurring unnecessary costs. Under the Estate Agency Act 1991, you will be required to provide us with financial information in order to verify your position, before we can recommend your offer to the vendor. We will also require proof of identification in order to adhere to Money Laundering Regulations.

ANTI MONEY LAUNDERING COMPLIANCE
We are legally required to conduct Anti-Money Laundering (AML) checks on all purchasers and sellers. These checks become mandatory once a seller accepts an offer on a property (subject to contract).

AML checks are valid for six months from the date of completion. If your transaction does not proceed and you submit an offer on another property more than six months later, or if your existing AML check is more than six months old at the time of a new offer, you will be required to complete and pay for a new check.

We appoint HIPLA as our compliance partner to carry out these checks on our behalf. Once your offer has been accepted (subject to contract), HIPLA will contact you directly to complete a secure electronic verification process.

A non-refundable fee of £30 + VAT per purchaser is payable for the AML check. This fee must be paid before we can issue the Memorandum of Sale to the solicitors. The fee is non-refundable in all circumstances.

Hudson Moody receives service credits from HIPLA which may be used against other services, in recognition of facilitating the checks and undertaking associated administrative compliance duties.