Lot 5 - Apartment 2 The Beeches, Dedworth Road, Windsor, Berkshire, SL4 4LH
- Unconditional Online Auction Sale
- Guide Price* : £200,000 plus
- Residential investment
- Maisonette
- Convenient Location
- 1 bedroom
- Let at £1,100 er month
ON BEHALF OF THE FIXED CHARGE RECEIVERS: Residential investment comprising 1 bedroom ground floor maisonette let at £1,100 per month.
Description
The property comprises a one bedroom ground floor maisonette within a modern development . The scheme is known as the Beeches and provides 9 no one bedroom flats, in two blocks.
The accommodation is entrance vestibule, opening into the main open plan kitchen and lounge area, with a double bedroom and bathroom the rear. Specification is what one would expect from the age of the scheme, with kitchens and bathrooms both of a style consistent with modern tastes, recessed lighting, timber flooring to the kitchen/lounge area and carpeted bedrooms. Heating is via water filled radiators heated by and electric single phase boilers.
The property will be sold with a tenant in situ (the tenant has indicated they may vacate in April).
Location
The property is situated on Dedworth Road (B3024), on the western edge of Windsor approximately 2 miles from the town centre. The location benefits from local bus routes along Dedworth Road, close proximity to an Aldi (less than 100m) and a Tesco superstore and good road communications with Junction 6 of the M4 within 2.5 miles.
Windsor is a popular area, offering a blend of historical appeal with the Castle, green spaces, the River Thames and is within easy reach of London for commuters.
Tenure
Leasehold for a term of 125 years from and including 1 January 2020 at a peppercorn rent. The lease also reserves a service charge which is to be confirmed.
Accommodation
Apartment 2: 46.18 sq.m (491sq.ft)
Outside
The scheme is secure and gated, but the subject unit is on the external boundary. In front of Apartment 2 is a parking area, with space for two cars and from our review of the leases it appears that each flat (Apartments 1 and 2) has the right to use one car parking space as allocated from time to time.
Tenancies
12 month AST from 20th May 2023 at a rent of £1,100 per month. There is therefore a statutory periodic tenancy now in place as the tenant holds over.
EPC
Energy Asset Rating is C.
Buyers Administration Fee
There will be a Buyer's Administration Fee of £2,700 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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