St. Leonards Road

Ref: Lot 5

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Town & Country Property Auctions London
Town & Country Property Auctions London

Unconditional Lot


UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Premium Applies Upon the fall of the hammer. The Purchaser shall pay a deposit 5% deposit (subject to minimum of £3,000, whichever is the greater) and a 3%+VAT (subject to a minimum of £5,000+VAT) buyers premium and an Administration Fee of £1,200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges.

Description

We are pleased to offer for sale by auction this two bedroom duplex apartment situated in Montpelier Court, Windsor. The property benefits from having a single garage, good access to the amenities of Windsor and access to the M4/M25.
The accommodation comprises: entrance porch with stairs up to the first floor. On the first floor is the living room with balcony, kitchen and stairs to second floor. To the second floor you will find two bedrooms and a bathroom. Externally there are communal gardens and a single garage.
Estimated rental income of £1,300pcm would give the property 8.6% yield of the guide price of £150,000.In need of refurbishment.
Ideal investment opportunity, please enquire for more details.

Note: Cash buyers only. 43 years remaining on the lease. The purchaser will have the option to be assigned the benefit of a section 42 in between exchange and completion.

Leasehold Information:
Length of lease: 99 years from 1 January 1965
Ground rent and service charge - please see the legal pack

EPC Rating - D

Tenure

Leasehold

For sale by online auction on 15 December 2022
Bidding opens at 10:00am and closes at 12:00 noon
Duplex Apartment
Two Bedrooms
Requiring Refurbishment
Leasehold - the purchaser will be assigned the benefit to extend in between exchange and completion.
Estimated rental income £1,300pcm
Shops, schools and bus services nearby.

Buyers Premium

3%+VAT (subject to a minimum of £5,000+VAT)

Council Tax Band

D


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

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