Withdrawn prior to auction

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6 WEEK COMPLETION

A recently constructed freehold block of 12 x 1 bedroom apartments comprising a secure gated development with parking, let on AST's. Planning consent for a third floor arranged as 1 x 2 and 1 x 1 bedroom penthouse apartments.

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Description/Location

London Heights was constructed in 2019 and benefits from a 10 year ICW build warranty. The development is ideally situated close to the town centre amenities and Camberley Station, the apartments are let producing £120,600 pa. We estimate the rental value of the penthouses at £11,400 and £15,600 equivalent to a combined rent roll of £147,360 pa. Planning was granted on 19/11/2018 by Surrey Heath Council Ref: 18/0920 for construction of a new, third floor with 2 penthouses and balconies. The apartments feature a contemporary specification to include matt grey kitchen units with quartz work surfaces and integrated appliances, white sanitary ware, rainfall showers, underfloor heating and herringbone floors.

Tenure

Freehold

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Accommodation

A schedule of tenancies and EPC's is included in the legal pack.

Rent

Current Rent; £120,600 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.