Bishops Avenue - All you need to know - Flipbook - Page 25
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The worked examples below are for an apartment at Riverstone Bishops Avenue with a
sale price of £3,000,000. These show how the Deferred Fee will vary depending on how
long you own your apartment and the Deferred Fee Option you choose:
• If sold after 3 years:
Option 1: Deferred Fee = £360,000 (£3,000,000 x 12% (3yrs x 4%))
Option 2: Deferred Fee = £540,000 (£3,000,000 x 18% (3yrs x 6%))
Option 3: Deferred Fee = £630,000 (£3,000,000 x 21% (3yrs x 7%))
• If sold after 6 years:
Option 1: Deferred Fee = £720,000 (£3,000,000 x 24% (6yrs x 4%))
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5yrs x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5yrs x 7%)) - cap applied at end of Yr5
• If sold after 9 years:
Option 1: Deferred Fee = £840,000 (£3,000,000 x 28% (7yrs x 4%)) - cap applied at end of Yr7
Option 2: Deferred Fee = £900,000 (£3,000,000 x 30% (5yrs x 6%)) - cap applied at end of Yr5
Option 3: Deferred Fee = £1,050,000 (£3,000,000 x 35% (5yrs x 7%)) - cap applied at end of Yr5
The Deferred Fee payable under each Option should be read in conjunction with the
Membership Fee payable under each corresponding Option under Riverstone’s “Value in
Choice” o昀昀ering. Please refer to Section 5 for further detail.
Please note property prices may rise, fall, or stay the same over your period of
ownership. Our client advisor team can provide worked examples for any combination
of the “Value in Choice” options, period of ownership, purchase and re-sale prices and
the Deferred Fee and Membership Fee payable.
Whilst we hope it never happens at Riverstone Bishops Avenue, we do understand
that people can su昀昀er from what is often called “buyer’s remorse” and decide that
Riverstone isn’t right for them. With this in mind, we are willing to waive charging a
Deferred Fee if you decide voluntarily to move out and sell your apartment within the
昀椀rst year of your stay.
