Bishops Avenue - All you need to know - Flipbook - Page 11
9
Living in your apartment
Ongoing charges payable to Riverstone:
Membership Fee
The Membership Fee is an annual charge which is paid monthly
in advance and which covers Riverstone’s cost of providing
on-going sta昀케ng, management and upkeep of the building,
including the cost of utilities and services in the common areas.
Under Riverstone’s “Value in Choice” scheme, we o昀昀er three
di昀昀erent Membership Fee options:
Option 1: The initial Membership Fee rates, which will 昀椀rst be
reviewed on 01 January 2026, are:
1 Bed
2 Bed
2 Bed (plus study)
2 Bed Duplex
3 Bed
3 Bed Duplex
2 Bed Penthouse
3 Bed Penthouse
3 Bed Penthouse (plus study)
£1,675.00
£2,215.00
£2,530.00
£2,530.00
£2,980.00
£2,980.00
£3,205.00
£3,565.00
£4,555.00
Under this option, the Membership Fee increases each year on 1
January in line with in昀氀ation but cannot increase more than 4% in
any one year
Option 2: The same Membership Fee for di昀昀erent sized
apartments as under Option 1 but 昀椀xed “for life” during your
period of ownership
Option 3: The same Membership Fee for di昀昀erent sized
apartments as under Option 1 but reduced by 50% and 昀椀xed
“for life” during your period of ownership
