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Lot 17

Freehold Ground Rent Investment with 4 Valuable Reversions
In same ownership for over 30 years

Situation

Located close to the junction with Farnham Road in this mixed commercial and residential area conveniently located less than 1½ miles from Slough Town Centre and Slough Station (Mainline Rail).
Slough is a popular and prosperous town located approximately 8 miles from Heathrow and approximately 20 miles west of Central London, enjoying excellent road access via the M4 (Junction 6).

Property

A modern purpose built detached residential building comprising 4 Self-Contained Flats planned on ground and first floors together with a Parking Area for 5 vehicles.

VAT is NOT applicable to this Lot

FREEHOLD

Note 1: Whenever a Flat in Montrose Court is sold the Ground Rent rises in percentage proportion to the original sale price.

Note 2: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction.

Note 3: The Freeholder insures. Current sum insured £779,625. Current premium is £1,388.05.

Note 4: According to Zoopla the most recent sale in Montrose Avenue was No. 9 Montrose Avenue, a 2 Bed Ground Floor Maisonette, which sold for £230,000 in December 2019 having a long lease.

Note 5: There is a 6 Week Completion.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

Montrose Court, 37, 37a, 38 & 38a Montrose Avenue, Slough, Berkshire SL1 4TN