A 1 bedroom maisonette located in the popular residential area of Hanworth, south of Bracknell town centre. Ideal letting investment with tenant in situ currently paying £725 PCM, gross yield 8.70% PAX. Leasehold with 51 years remaining, cash buyers only. A Section 42 notice will be served on the freeholder and assigned to the purchaser on completion.
Auction date
To be sold by online auction on Friday 28th April 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* Close to local schools and amenities * Good access to Bracknell town centre * Mainline rail service to London * M4 access at junctions 10 and 11
Description
* Maisonette * 1 bedroom * Gross yield 8.7% PAX * Cash buyers only
Accommodation
Entrance hall, living room, kitchen, bedroom, bathroom
Outside
Communal gardens and parking
EPC rating
D
Tenure
Leasehold with vacant possession
Lease
99 years from 25 December 1975 - 51 years remaining. A Section 42 notice will be served on the freeholder and assigned to the purchaser on completion. The premium estimated for the lease extension is circa £30,000.
Tenancies
Currently let on an AST from 28.02.19 on a periodic basis at £725 PCM.
Ground rent and service charge
Please see legal pack for further details.
Council tax band
B - Bracknell Forest
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* 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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If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.
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