Christchurch Road, Virginia Water, Surrey, GU25

Eastons are pleased to offer, on behalf of the appointed Receivers, the freehold interest in Tarrant House, an attractive and substantial detached building which has recently undergone a comprehensive conversion to provide four self-contained residential apartments.
The apartments are offered vacant and as a single freehold investment, providing an incoming purchaser with considerable flexibility. The property may suit an investor seeking a modern four-unit rental holding under single ownership, or a purchaser considering the potential for future individual resale, subject to the usual legal and title requirements.
The accommodation has been finished to a good contemporary standard throughout. Although formally studio apartments, the units are notably generous in size, with well-defined sleeping areas creating considerably more separation than is found in many conventional studio apartments.
Each apartment benefits from a modern fitted kitchen incorporating a particularly comprehensive range of appliances, including oven and hob, dishwasher, washer/dryer and full-height fridge/freezer, together with a full bathroom, contemporary flooring, electric heating and entryphone system.
The property further benefits from a substantial covered basement parking area, forming part of the freehold and providing allocated parking for the apartments.

Property
Accommodation
The floor plan records approximately 90 sq m / 964 sq ft on the ground floor and 89 sq m / 963 sq ft on the first floor, providing four individual apartments arranged over two levels.
Ground Floor
Flat 1
A particularly spacious apartment with an impressive principal studio room extending approximately 9.61m x 4.56m, incorporating living, kitchen and clearly defined sleeping areas, together with a separate full bathroom.
Flat 2
Another generous apartment with the principal accommodation extending approximately 7.95m x 4.93m, again incorporating a fitted kitchen and separated sleeping area, together with a full bathroom.
A communal reception hall provides access to the ground-floor accommodation and staircase to the first floor.
First Floor
Flat 3
A substantial open-plan apartment with fitted kitchen, defined sleeping area and separate bathroom.
Flat 4
A well-proportioned apartment arranged to provide distinct living and sleeping areas, fitted kitchen and separate bathroom.
The accommodation measurements shown are taken from the supplied floor plan and are approximate. Prospective purchasers should satisfy themselves as to individual apartment areas.
Basement / Covered Parking
The lower ground floor provides approximately 88 sq m / 945 sq ft of covered parking accommodation within the freehold.
The parking represents an important benefit both for individual occupiers and for an investor retaining the building as a single rental asset.

Investment opportunity
Tarrant House represents an unusual opportunity to acquire four newly completed residential units under one freehold title structure, rather than assembling a portfolio of individual leasehold apartments.
The purchaser therefore retains direct control over the building, common areas and future maintenance expenditure without paying service charges to a third-party freeholder or managing company. The owner will of course remain responsible for the insurance, repair, maintenance and statutory obligations associated with the building.
Based upon our assessment of the current local rental market, we consider rents in the region of approximately:
• £1,325 pcm for the smaller apartments; and
• £1,375 pcm for the larger apartments
to be realistic marketing levels, subject to market conditions and the individual position and outlook of each unit.
On this basis the building has the potential to produce approximately:
£5,400 per calendar month
£64,800 per annum gross
At the guide price of £875,000 this represents a potential gross yield of approximately 7.4%, before purchaser's costs and operating expenditure.
This rental information is provided for guidance only and does not constitute a rental guarantee.
Tenure
Freehold.
The sale is understood to include the freehold interest in Tarrant House together with all four vacant apartments, common parts and the associated covered parking area.
The purchaser's solicitor should verify the precise extent of the titles, parking allocations and all rights affecting the property.
Price
Guide Price £875,000
The property is offered for sale as a single freehold lot.
Virtual tour
A 360° virtual tour of the building is available:
View the Tarrant House virtual tour
Receiver's sale
The property is being offered for sale on behalf of the appointed Receivers.
The Receivers and their agents give no warranty or representation beyond that contained within the formal contract documentation. Purchasers will be required to rely upon their own inspection, investigations and legal enquiries.
The precise form of the Receiver's disclaimer should be approved by the Receiver's solicitors before publication.

Location
Tarrant House occupies a prominent and extremely convenient position on Christchurch Road in Virginia Water.
Virginia Water mainline railway station and the shops, cafés, restaurants and everyday facilities of Station Parade are within comfortable walking distance. Local information places the station and principal village amenities only a few hundred yards from the property. Street Scan
Virginia Water station provides direct rail services towards London Waterloo, while the area is also well placed for access to the M25, M3, A30, Heathrow Airport, Windsor and the wider Surrey/Berkshire road network.
Virginia Water itself is internationally recognised for Wentworth, Virginia Water Lake and Windsor Great Park and remains one of Surrey's most established residential locations.
The building occupies a roadside position and some apartments consequently overlook the surrounding roads; this is balanced by the property's exceptional convenience for the station and village amenities.

Money Laundering Regulations
We are legally required to carry out Money Laundering checks on all potential buyers, sellers, landlords and tenants in line with HMRC guidelines. We take this responsibility very seriously and carry out these checks through our trusted partners, Coadjute and Rightmove. For tenants, Rightmove will carry this out as part of their referencing procedure. For Buyers this will be carried out once an offer is accepted (subject to contract), and for Sellers and Landlords during on-boarding by Coadjute, who will send a secure link to complete the biometric checks electronically. Please Note: we are unable to either make properties live or formalise offers until such time as successful checks have been carried out. There will be a non-refundable charge for these checks. Please contact the office if you have any questions in relation to this.