Property for saleGrove House, 150 Straight Road, Windsor, Berkshire
- For sale by auction
- Investment Freehold Building
Lot 43 - This lot is for sale by auction as lot 43 on 15th December 2016.
A Freehold Detached Age Restricted (55 years or more) Building arranged to provide Nine Self-Contained Flats and Two Bungalows. One Flat subject to an Assured Shorthold Tenancy. Eight Flats and Two Bungalows subject to a lease. Each Lease provides for a payment to be made to the Freeholder equating to 7.5% of the purchase price whenever the subject Flat/Bungalow is sold
The property is located on the west side of Straight Road, to the south of its junction with Walpole Road. Windsor is a historic and prosperous town located around 21 miles west of Central London, 21 miles east of Reading and 46 miles south-east of Oxford. Windsor Great Park is located to the south, the River Thames and Eton town centre are to the north. Motorway connections are provided by the M4 to the north. Windsor & Eton Riverside Station provides rail links to London Waterloo (58 minutes) and Slough Station to London Paddington (non stop in 18 minutes).
The property comprises an age restricted detached building arranged over ground and first floors beneath a pitched roof. The property is internally arranged to provide nine self-contained flats and two bungalows.
A schedule of Tenancy is set out below NB. There is no annual ground rent on the flats/bungalows which are subject to leases. The lease for each flat/bungalow provides for a payment equating to 7.5% of the sale price of any flat to be made to the freeholder. NB. A new 50 year term is granted each time a flat is sold. NB. The Lessees have NOT elected to take up their rights of pre-emption under the Landlord & Tenant Act 1987.
Messrs Shakespeare Martineau (Ref M Jones).Tel 0121 214 0000.Email firstname.lastname@example.org
Current Rent Reserved
£7,000 per annum (equivalent) from Flat 9
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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