Sycamore Court
Supporting Independent Living

Click to view floor plan
Click to view floor plan
Sycamore Court
Click to view floor plan
Sycamore Court
Click to view floor plan
Sycamore Court
Click to view floor plan
Sycamore Court

Transfer Premium

A Transfer Premium of up to 3% of the gross proceeds of the sale is payable to the Freeholder each time a Lease is transferred, after the first six months of occupation.

The Transfer Premium is:-

  • Up to 6 months: 0%
  • Between 6 months and 1 year: 1%
  • Between 1 year and 2 years: 2%
  • After 2 years: 3%

The Transfer Premium covers:-

  • Waiver of ground rent during the term of the Lease
  • The Manager’s involvement throughout the re-sale process e.g. explaining the workings of Sycamore Court and showing the apartments to prospective purchasers, negotiating sales and dealing with solicitors
  • The time spent by the Manager in generating and maintaining a list of prospective purchasers which often eliminates the need to market the property through an estate agent
  • The ongoing costs incurred by the Company in providing information literature, maintaining a website, placing advertisements and marketing the apartments