All you need to know - Riverstone Kensington - Flipbook - Page 23
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The worked examples below are for a property with a sale price of £1,500,000. These
show how the Deferred Fee will vary depending on how long you own your apartment:
• If sold after 2 years: Deferred Fee = £120,000
(£1,500,000 x 8% (2 x 4%))
• If sold after 2 years and 91 days: Deferred Fee = £134,958
(£1,500,000 x 8.99% (2 x 4% + 91/365 x 4%))
• If sold after 8 years: Deferred Fee = £420,000
(£1,500,000 x 28% (7 x 4%))
• If sold after 9 years: Deferred Fee = £420,000
(£1,500,000 x 28% (7 x 4%) – cap applied)
What does the Deferred Fee cover?
The Deferred Fee:
• covers the cost of major capital works, refurbishment and improvements to the
buildings and amenities at our Riverstone locations
• enables Riverstone to invest in extensive and high-quality communal amenities for our
resident o昀昀ering at our Riverstone locations
• covers payments we make to The Good Care Group at Riverstone. This allows them
to provide a best-in-class home care service at our Riverstone locations under the
partnership we have with them
• enables us to give residents peace of mind that the annual index-linked increase to
their membership fee will not exceed 4% in any one year
Riverstone will keep part of the Deferred Fee as a return on our investment.
Riverstone strongly recommends that you get independent 昀椀nancial advice. You need
to take into account your individual circumstances and your 昀椀nancial needs before
you decide to buy an apartment at Riverstone.