At The Vaults the emphasis is on easy living, ideal for professional individuals working in St. Helier. These well-located high-spec apartments offer convenience and practicality with an array of shops, restaurants and bar all within walking distance. The Vault offers 18 apartments in total, comprising eight one-bedroom apartments, six one-bedroom duplexes, two two-bedroom apartments and two two-bedroom duplexes.

SERVICE CHARGE

Service charges cover the day-to-day costs of maintenance within the development, such as the heating and cleaning of communal areas, buildings insurance and exterior redecoration.

The service charge is calculated on the actual costs incurred for each calendar year, which can only be determined once the year has ended. A monthly payment on account is made based on the estimated costs and, if there are major unforeseen variations, a balancing charge will be made, or refund given once the actual figures have been determined. In practice, the difference between the estimated and actual costs should normally only be small in which case the amount provided for future major repairs through the sinking fund will be adjusted up or down to offset this difference, and so usually there will not be any balancing charge or refund.

CAN I DECORATE MY PROPERTY WITHIN THE VAULT?

Yes. You may decorate your apartment internally how you like once you have purchased it. You are not able to paint or change any exterior finishes or within the communal areas such as hallways, which are the responsibility of the management company and paid for through the service charge.

HOW MUCH WILL MY APARTMENT IN THE VAULT COST TO HEAT?

Due to the high quality of construction and insulation, The Vault will offer cost-effective heating with wall mounted heaters throughout and underfloor heating in the bathrooms. This is an enormous benefit to all residents, particularly given the rise in energy costs in recent years.

DOES THE VAULT HAVE A FIBRE INTERNET CONNECTION?

High-speed Fibre connectivity is in the process of being installed at The Vault.

AM I ALLOWED TO HAVE A PET WITHIN THE VAULT?

Subject to approval with the managing agent, pets may be allowed within the development.

DO I NEED TO PAY INSURANCE?

Buildings insurance is included in your service charges, but you will need to organise and pay for your own contents insurance.

WHICH BILLS ARE MY RESPONSIBILITY?

You will have to pay for the electricity, water and telephone/broadband services you use in your own apartment.

These notes have been prepared for the assistance of prospective owners for The Vault development. They have been prepared carefully and are believed to be accurate. Opinions expressed on legal matters are based on the developer’s understanding of current Jersey Law, but intending owners should seek independent legal advice if they are in doubt on any matter. This document does not form any part of an offer or contract.