The Cottons, Ramsbottom - Floorplans, Prices and Charges by AdlingtonRetirementLiving

The Cottons, Ramsbottom

04 - 07 Flo or plans 08 - 09 Apartment Prices 10 - 12 Summary of Charges Contents 13 - 18 Key Facts 3

Ground Floor plan Second Floor First Floor Floor plans Apartment Prices Summary of Charges Key Facts up. up. table height worktop up. up. Homeowners' Lounge Care Team O ce Admin O ce Hairdressing Salon Reception Lobby Restaurant Kitchen Kitchen Sta Kitchen Store Chef Mobility Scooter Store Activities Studio WC Li Li St Cl St Comms Plant WC St Stair Stair Stair Cl WC Managers O ce 2 3 4 5 1 1 1 1 8 1 1 10 1 11 1 12 1 14 1 15 1 16 1 17 N to alteration. The plans do not represent any contractual offer or obligation on behalf of Adlington. For individual apartment details please ask the sales team. The plans shown are not to only and should not be relied upon for ordering furniture and fitments. Measurements are based on the original plans and are taken wall to wall to a tolerance of 50mm and are taken as a plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe 1 2 3 4 5 6 7 8 9 10 11 12 17 14 15 16 Second floor plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe N up. Li Stair Stair St 1 34 1 32 1 33 the sales team. The plans shown are not to a tolerance of 50mm and are taken as a THE CO TT ONS RAMSBO TT OM 4

First Floor plan Second Floor Ground Floor Floor plans Apartment Prices Summary of Charges Key Facts Second floor plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe N up. Li Li Stair Stair Stair Water Tank Plant Cl St 24 25 26 27 23 1 28 1 29 1 31 1 34 1 30 1 32 1 33 1 35 1 36 1 37 1 38 1 39 1 40 1 18 1 19 1 20 1 21 1 22 subject to alteration. The plans do not represent any contractual offer or obligation on behalf of Adlington. For individual apartment details please ask the sales team. The plans shown are not to reference only and should not be relied upon for ordering furniture and fitments. Measurements are based on the original plans and are taken wall to wall to a tolerance of 50mm and are taken as a plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 N up. Li Stair Stair St 1 34 1 32 1 33 sales team. The plans shown are not to tolerance of 50mm and are taken as a THE CO TT ONS RAMSBO TT OM 5

Second Floor plan First Floor Ground Floor Floor plans Apartment Prices Summary of Charges Key Facts N L o r e m p s u m Li Li Assisted Bathroom Therapy Suite Sta Room Sta Sleep Over Sta Lockers Guest Suite Store Stair Stair Stair St Water Tank Plant Cl St WC Sh 45 46 47 44 1 48 1 49 1 50 1 53 1 51 1 52 1 54 1 55 1 56 1 57 1 58 1 41 1 42 1 43 to alteration. The plans do not represent any contractual offer or obligation on behalf of Adlington. For individual apartment details please ask the sales team. The plans shown are not to only and should not be relied upon for ordering furniture and fitments. Measurements are based on the original plans and are taken wall to wall to a tolerance of 50mm and are taken as a plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe 45 50 48 49 51 46 47 52 53 54 55 56 57 58 41 42 43 44 Second floor plan 1 Bedroom 2 Bedroom 3 Bedroom En-Suite 2 Bedroom En-Suite 1 Bedroom Deluxe N up. Li Stair Stair St 1 34 1 32 1 33 the sales team. The plans shown are not to a tolerance of 50mm and are taken as a THE CO TT ONS RAMSBO TT OM 6

plans Apartment Prices Summary of Charges Key Facts 7

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Apartment Prices Apt No Description Size SQ FT Price 1 Ground Floor – 1 Bed Deluxe Apartment 598 SOLD 2 Ground Floor – 1 Bed Apartment 386 SOLD 3 Ground Floor – 1 Bed Deluxe Apartment 625 SOLD 4 Ground Floor – 2 Bed Apartment 823 SOLD 5 Ground Floor – 1 Bed Apartment 384 6 Ground Floor – 2 Bed En-Suite Apartment 821 7 Ground Floor – 1 Bed Deluxe Apartment 598 8 Ground Floor – 2 Bed En-Suite Apartment 862 SOLD 9 Ground Floor – 2 Bed En-Suite Apartment 913 SOLD 10 Ground Floor – 2 Bed En-Suite Apartment 859 SOLD 11 Ground Floor – 2 Bed En-Suite Apartment 859 12 Ground Floor – 3 Bed En-Suite Apartment 1146 SOLD 14 Ground Floor – 2 Bed Apartment 798 15 Ground Floor – 2 Bed Apartment 798 16 Ground Floor – 2 Bed Apartment 798 17 Ground Floor – 2 Bed En-Suite Apartment 833 SOLD 18 1st Floor – 2 Bed Apartment 844 SOLD 19 1st Floor – 2 Bed En-Suite Apartment 853 SOLD 20 1st Floor – 2 Bed En-Suite Apartment 859 SOLD 21 1st Floor – 2 Bed En-Suite Apartment 859 22 1st Floor – 3 Bed En-Suite Apartment 1058 23 1st Floor – 1 Bed Deluxe Apartment 598 SOLD 24 1st Floor – 1 Bed Apartment 386 SOLD 25 1st Floor – 1 Bed Deluxe Apartment 625 SOLD 26 1st Floor – 2 Bed Apartment 823 SOLD 27 1st Floor – 1 Bed Apartment 384 SOLD 28 1st Floor – 2 Bed En-Suite Apartment 820 SOLD 29 1st Floor – 1 Bed Deluxe Apartment 598 SOLD 30 1st Floor – 2 Bed En-Suite Apartment 862 SOLD 31 1st Floor – 2 Bed En-Suite Apartment 862 SOLD 32 1st Floor – 2 Bed En-Suite Apartment 859 SOLD 33 1st Floor – 2 Bed En-Suite Apartment 859 SOLD 34 1st Floor – 3 Bed En-Suite Apartment 1146 SOLD Floor plans Apartment Prices Summary of Charges Key Facts 8 SOLD SOLD RESERVED SOLD SOLD SOLD SOLD SOLD SOLD

Apt No Description Size SQ FT Price 35 1st Floor – 2 Bed Apartment 798 SOLD 36 1st Floor – 2 Bed Apartment 798 37 1st Floor – 2 Bed Apartment 798 SOLD 38 1st Floor – 2 Bed En-Suite Apartment 832 39 1st Floor – 1 Bed Apartment 384 SOLD 40 1st Floor – 1 Bed Apartment 384 SOLD 41 2nd Floor – 2 Bed En-Suite Apartment 859 SOLD 42 2nd Floor – 2 Bed En-Suite Apartment 859 SOLD 43 2nd Floor – 3 Bed En-Suite Apartment 1058 44 2nd Floor – 1 Bed Deluxe Apartment 598 SOLD 45 2nd Floor – 1 Bed Deluxe Apartment 741 SOLD 46 2nd Floor – 1 Bed Deluxe Apartment 630 SOLD 47 2nd Floor – 1 Bed Apartment 384 SOLD 48 2nd Floor – 2 Bed En-Suite Apartment 821 49 2nd Floor – 1 Bed Deluxe Apartment 598 SOLD SOLD 50 2nd Floor – 3 Bed En-Suite Apartment 999 51 2nd Floor – 2 Bed En-Suite Apartment 859 SOLD 52 2nd Floor – 2 Bed En-Suite Apartment 859 SOLD 53 2nd Floor – 3 Bed En-Suite Apartment 1146 SOLD 54 2nd Floor – 2 Bed Apartment 798 SOLD 55 2nd Floor – 2 Bed Apartment 798 SOLD 56 2nd Floor – 2 Bed Apartment 798 SOLD 57 2nd Floor – 2 Bed En-Suite Apartment 833 58 2nd Floor – 2 Bed Apartment 793 SOLD SOLD Apartment Prices Floor plans Apartment Prices Summary of Charges Key Facts All Apartments are subject to additional charges that include: A weekly Service and Well-being Charge, annual Ground Rent and, on resale, a Building Reserve Fund contribution and administration fee. Please refer to the Summary of Charges leaflet for full details. V6/22 12.2022 9 SOLD SOLD SOLD SOLD

Summary of Charges

Understanding the charges

Retirement living is inspired living at The Cottons. In this welcoming community, you can set your own timetable and live life however you choose, free from everyday worries and compromises. With Adlington Retirement Living your well-being is our priority.

Summary of Charges Key Facts

Service and Well-being

Charge

All our homeowners contribute monthly to a Service and Well-being Charge to cover services such as:

• A table service restaurant* with on-site chef offering freshly prepared meals

• Communal cleaning, estate management and upkeep of the landscaped gardens

• External window cleaning, including all individual apartments

• Water usage and buildings insurance

• 24-hour on-site support everyday, 365 days a year, in case of emergency, with a discreet emergency call system installed in each apartment

Our on-site management team are always available to homeowners and check on their well-being, liaise with family and professional services as required. They also organise a full calendar of social events and activities.

2022/23

1 bed £174* 2 bed £180 * 3 bed £194 *

It is important to point out that payment of the Service and Well-being Charge has to continue even if the apartment is vacant, as it is proportioned between all apartments in order to maintain the high standard of service. The charge is subject to review/increases annually 1 April in relation to actual costs.

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Summary of Charges Key Facts

*Additional charges apply 10

Weekly Service & Well-being Charge (*approximate price)

Apartment Prices Summary of Charges Key Facts

Care charges

Additional care packages can be designed to suit your individual requirements. All care packages are drawn up in consultation with you, based upon a careful assessment of needs and regularly reviewed, including short term illness and recuperation packages. Costs are based on the level of need per person and will be provided in advance and charged at approximately £21.00 per hour*.

Individual responsibilities

While your own household expenditure should reduce when you move to The Cottons, it’s important to remember that you’ll still be responsible for:

• Council Tax

• Your apartment electricity usage Contents Insurance

• Your apartment electricity usage

• Contents Insurance

• Telephone line rental and broadband (where applicable)

• TV licence (where applicable)

• Telephone line rental and broadband (where applicable)

• TV licence (where applicable)

Approximate per hour

from £21.00

Approximate per hour Per carer

Per carer

Bespoke

Care Packages

• Satellite television package (a communal satellite dish with connection points is provided in your apartment)

Ground Rent

The Cottons offers extensive communal facilities which are at the heart of a thriving community. These include our Homeowners’ lounge, table service restaurant, coffee lounge, hairdressing salon, guest suite, staff rooms, management offices, and the mobility scooter and bicycle store, as well as landscaped gardens.

We charge an annual Ground Rent to recoup the considerable costs of investing in these extensive facilities.

1 bed £1,063.41

Annual ground rent fees 2 bed £1,181.57 3 bed £1,417.88

The Ground Rent is due annually from 1st January and will be reviewed every year in line with the Retail Price Index.

Please see our Key Facts document for more detailed information on all charges.

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Apartment Prices Summary of Charges Key

In addition, to give homeowners maximum flexibility, we have incorporated into our lease the option to buy out your Ground Rent at any time by giving the legal landlord written notice, and paying a fee of 40 x the annual Ground Rent at the time of the service of the notice, which will take effect from the 1st January the following year. For every year after that for the duration of the lease the rent will be “a peppercorn” (i.e. zero pounds).

If you wish to exercise this right upon your initial purchase, please let us and your solicitor know, and we can accommodate this from the outset for the cost of 40 x the initial Ground Rent set for your home (e.g. to buy out the Ground Rent at the outset for a one bedroom home would cost 40 x £1,063.41 = £42,536.40).

Building Reserve Fund

It is important that maintenance is kept to the highest standards for all to enjoy and to cover any major works, a fee of 0.25% of your sale price for each year, or part year, of occupation will be levied when you sell on your apartment. A contribution to the Building Reserve Fund is also collected through the Service and Well-being Charge.

The Building Reserve Fund will build up over time so that money is available to pay for capital costs as they occur, such as replacement lifts, restaurant kitchen equipment, the building roof and car park. This ensures the development is maintained to the same standard as when purchased.

As an example, based on a property value of £300,000 and over a 10 year period, the fund payable at that time will be £7,500.

Facts

Version no.8 / Jan 2023

Adlington Retirement Living is the trading name for Gladman Retirement Living Ltd, Adlington House, Alexandria Way, Congleton, Cheshire CW12 1LB. Registered in England and Wales No. 05107546.

Apartment Prices Summary of Charges

Key Facts

1. Property Details

Landlord Gladman Retirement Living Ltd

Manager Adlington Management Services Ltd (AMS)

Address

Property Type

The Cottons, Factory Street, Ramsbottom BL0 9GH. Built in 2020.

57 Apartments:

• 17 x one bedroom, 34 x two bedrooms, 6 x three bedrooms

• Over 3 floors. Two lifts available

• NHBC 10-year guarantee applies from the first apartment sale

Status of units New

Occupancy

• 1 and 2 bedrooms: one or two people

• 3 bedrooms: up to three people

Tenure Leasehold 125 years from 1st January 2020

Care provider

Complete Care Services Rossendale, 90 Bank Street, Rawtenstall, Rossendale, BB4 7QN. Residents are free to choose other agencies Catering provider ABM Essence

2. Cost of moving into the property

Varies by individual apartment size and location (see price list)

• 1 bedroom: £119,950 - £264,950

Asking price

• 2 bedrooms: £257,000 - £332,950

• 3 bedrooms: £343,740 - £429,500

Reservation fee £1,000 payable on reservation

Other costs

There is no charge for the health needs assessment. Buyers are responsible for their own legal and removals costs and for Stamp Duty Land Tax.

3. Charges when selling the property

A contribution to the Building Reserve Fund is payable when an apartment is sold and via contributions through the Service and Well-being Charge. The amount payable is 0.25% of the sale price for each year or part year of occupation.

Building Reserve Fund contribution

For example: if a property that has been owned for 9 years and 7 months is sold for £300,000 the fee will be £7,500:

• Formula: Sale price x 0.25% x years or part-years owned

Summary of Charges

Administration fee (Event fee)

Ongoing charges

Repairs or redecoration

Other charges

• Calculation: £300,000 x 0.25% = £750 x 10 years = £7,500

Minimum fee £360 (including VAT). Covers the landlord’s costs in checking the eligibility of the purchaser and facilitating the transfer of the lease.

The Service and Well-being Charge and Ground Rent remain payable until a property is sold.

Properties must be redecorated at least every 7 years. Vendors may need to undertake works at their own cost to assist a sale.

Vendors will need to pay their own removal and legal fees.

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Key Facts

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Apartment Prices

Summary of Charges

4. Ongoing charges payable to Adlington while living in the community

• 1 bedroom: £174.29 per week

Service and Well-being

Charge

• 2 bedrooms: £180.15 per week

• 3 bedrooms: £193.74 per week

Subject to review/increases annually 1 April in relation to actual costs

24/7 ‘On call’ support Included in the Service and Well-being Charge

• 1 bedroom: £1,063.41 per year

• 2 bedrooms: £1,181.57 per year

Ground Rent

• 3 bedrooms: £1,417.88 per year

Subject to review/increase annually 1 January in line with RPI

5. Discretionary charges payable to Adlington or other service providers

Complete Care Services Rossendale charges:

Domiciliary (personal) care

• £5.42 per 15 mins, £9.57 per 30 mins, £16.84 per hour weekdays 7am - 11pm

• £5.78 per 15 mins, £10.19 per 30 mins, £18.05 per hour weekends 7am – 11pm. All bank holidays are charged at double rate

Nursing care Nursing care is not provided.

Restaurant charges

Maintenance service

Cleaning service

Guest Suite

ABM Essence charges: £4 for 2 courses and £5.25 for 3 courses

Small jobs and repairs in apartments arranged through AMS: £12.50 per hour. Homeowners can use other maintenance service providers.

Apartment cleaning arranged through AMS: £12.50 per hour. Homeowners can use other cleaning providers

Available to the guests of homeowners. Includes breakfast:

• I person: £40 per night

• 2 – 4 persons: £50 per night

6. Ongoing charges payable to third parties

Electricity

Homeowners arrange their own electricity supply contract

Council tax bands and 2022/23 charges:

• 1 bedroom: Band C £1,842.35

Council tax

TV licence

Internet and telephone

Satellite, cable TV

• 2 bedrooms: Band D £2,072.66

• 3 bedrooms: Band E £2,533.24

Homeowners pay for their own licences and claim any discounts. See www.tvlicensing.co.uk

Free Wi-Fi is provided in the communal areas only. Homeowners arrange their own broadband and telephone service contracts.

Communal satellite dish. Homeowners arrange their own contracts.

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Key Facts

Apartment Prices Summary of Charges Key Facts

7. Insurance arrangements

Responsibility of the operator

Communal Buildings Insurance, Public Liability and Employer’s liability are included within the Service and Well-being Charge.

Responsibility of the owner Home contents insurance is recommended. Homeowners choose their own provider.

8. Other information

Building Reserve Fund

An up to date Fund balance is available on request with the annual accounts.

Subletting Subletting is permitted. Refer to the lease.

Restrictions on selling the property

At least one occupier in each apartment must be 65 or over. Properties can be purchased by younger people on behalf of qualifying occupiers. Homeowners must undergo a health assessment prior to purchase. Homeowners are entirely responsible for managing property resales.

Please note: Charges stated are correct at the date this document is printed but may change annually or at other intervals over the period of residence.

We encourage you to discuss your housing options with your family and friends, and to seek independent advice, support and representation as appropriate, in connection with a move to a retirement community.

Information for homeowners - the Service and Well-being Charge

The following questions and answers are intended to help explain how Adlington Management Services Ltd manage the Service and Well-being Charge.

What services does the charge cover?

The budget headings for the Service and Well-being Charge are:

• Well-being staff costs and professional catering: Well-being Duty Managers who provide cover 24 hours a day, 365 days a year and the catering service

• Staff Costs : General Manager, Maintenance Person and team uniforms

• Management Fees: Managing the development and services on behalf of the landlord (administration, human resources, legal, procurement, etc)

• External professional fees: Accountancy costs for reviewing the accounts

• Risk Assessments: Staff health and safety training and ensuring that all risk assessments are compliant

• Office Costs: Stationery, fibre-optic broadband and IT security

• Window Cleaning: External windows and gutters throughout and internal windows in the communal areas only

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Apartment Prices Summary of Charges Key Facts

• Waste Management: Removing waste and controlling pests

• Internal Cleaning: Communal areas only, including the housekeeper and cleaning products

• External Landscaping: Grounds maintenance services

• Maintenance Contracts: Maintaining and servicing external doors, the emergency call system, all fire safety equipment and lightning protection

• Lift Maintenance Contract: Maintenance, including parts and servicing

Is the Service and Well-being Charge ‘fixed’ or ‘variable’?

The charge is variable: It changes each year according to actual costs only.

When does the Service and Well-being Charge change and what advance notice is provided?

The charge changes on 1 April every year. Homeowners receive at least one month’s notice of the new charge.

How would any significant failure to provide a service be managed?

Any service interruptions would be managed to minimise disruption. If alternative arrangements could not be made, a refund would be due at the end of the year.

Is any of the Service and Well-being Charge payable before moving into the property?

The Service and Well-being Charge is payable in advance for the month ahead.

• Internal repairs and maintenance: Day to day work in the communal areas only

• Insurance: Covers the building, communal contents and the staff working in it

• Water and sewerage costs: Providing these services for individual apartments as well as for the communal areas

• Communal electricity: The electricity used in all of the communal areas

• Building Reserve Fund Contribution: Building repairs and redecoration

Is the Service and Well-being Charge held in trust?

The Service and Well-being Charge funds are held in a separate trust fund account for the benefit of homeowners and cannot be used for any other purposes.

Is the latest itemised charge budget and/or set of accounts available?

The latest Service and Well-being Charge budget is on Page 6.

When are homeowners informed about the Service and Well-being Charge budget and/or accounts?

In January, homeowners receive a proposed annual budget from 1 April. In September, they receive independently audited accounts for the year to 31 March.

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Apartment Prices Summary of Charges Key Facts

Can homeowners influence the charge and the services offered?

Homeowners and the Residents’ Association (if there is one) are consulted on budgets and the longterm maintenance programme, in a budget review meeting in January each year. Any commitments or budget changes made are confirmed in writing.

How is any annual surplus or deficit on the charge account managed?

An annual account review meeting is held for homeowners in September. Any significant variations between the current level of expenditure and the budget for the year are explained and discussed with homeowners. Any surplus will be refunded to homeowners and any deficit will be recharged to homeowners.

Service and well-being charge - Budget 1st April 2022 to 31st March 2023

Income £ Service and Well-being Charge 533,028 Guest Suite Income 3,000

Total Income 536,028

Expenditure

Well-being staff costs & professional catering 270,557 Staff Costs 87,061 Management Fees 36,355

Service Charge External Accountancy Fees 750 Risk Assessments 1,500

Office Costs 9,358 Window Cleaning 5,484 Waste Management 2,693

Internal Cleaning - Communal areas 16,713

External Landscaping 6,894

Maintenance Contracts 21,207

Lift Maintenance Contract 3,960 Internal repairs and maintenance 5,472

Building & Communal Contents Insurance 24,500

Water and sewerage costs- including apartments 11,500 Communal electricity 23,000 Covid 1,150

Building Reserve Fund Contribution 7,125 Sundries 500 Bank charges 250

Total Expenditure 536,028

Number of apartments 57

1 Bedroom 2 Bedroom 3 Bedroom

Percentage 1.7003 1.7575 1.89

Approximate Weekly Charge £174.29 £180.15 £193.74

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Apartment Prices Summary of Charges Key Facts

Information for homeowners - the Building Reserve Fund

The following question and answers are intended to help explain how Adlington Management Services Ltd (AMS) manage the Building Reserve Fund.

What is the Building Reserve Fund?

The Fund is used to offset the cost of major repairs, replacements and improvements within the development. This includes works to lifts, roofs, windows, doors, driveways, paths, rainwater goods, and fencing, and major redecoration costs.

How is the Building Reserve Fund funded?

Contributions are collected when an apartment is sold. The amount payable is 0.25% of the sale price for each year or part year of occupation.

For example: if a property that has been owned for 9 years and 7 months is sold for £300,000 the fee will be £7,500:

• Formula: Sale price x 0.25% x years or part-years owned

• Calculation: £300,000 x 0.25% = £750 x 10 years = £7,500

Included within your Service and Well-being Charge is an amount transferred to the Building Reserve Fund.

Additional contributions may also be collected through the Service and Well-being Charge. This might happen for example if the costs of some repair work could not be met entirely from the Building Reserve Fund.

The Fund will grow as contributions are received from future resales and via the Service and Well-being Charge.

What processes are in place to assess future capital expenditure needs?

We carry out regular inspections of the development to determine future capital investment needs. A rolling capital investment program is in place to ensure that the development is safe and maintained in good condition.

What additional financial liabilities may fall on Homeowners if the fund is unable to cover the full costs of major capital works?

If there is any unforeseen need for capital investment and it cannot be met from the Reserve Funds, we would have to recover these by additional contributions, paid in advance, from homeowners. This would be fully explained during consultation with all homeowners, should the need arise.

Is the fun d held in trust?

Building Reserve Funds are held in a separate trust fund account for the benefit of homeowners.

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Your life. Your way. Every day. At The Cottons.