Lot 5 - 42 Woodland Avenue, Slough, Berkshire, SL1 3BU

  • Unconditional Online Auction Sale
  • Guide Price* : £90,000

Ground floor maisonette - 1 bedroom with rear garden and parking


Description

FOR SALE BY ONLINE AUCTION - A ground floor 1 bedroom maisonette with rear garden and off street parking requiring modernisation, located close to Slough town centre providing a great opportunity for investment at a rent in the region of £750 PCM, representing a gross initial yield of 10%. Cash buyers only, lease approximately 38 years remaining.

Auction date
To be sold by online auction on Friday 29th October 2021, bidding will open at 10.00AM.

To view
Please call 01344 753 120 to book an appointment at the following times: * Thursday 7 October at 12.00 * Tuesday 12 October at 12.00 * Thursday 14 October at 12.00 * Tuesday 19 October at 12.00 * Thursday 21 October at 12.00 * Tuesday 26 October at 12.00

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 shops and amenities * Rail service from Slough train station to London Paddington * M4 access at junction 6

Description
* Ground floor maisonette * 1 bedroom * Requires lease extension

Accommodation
Entrance hall, living room, kitchen, bedroom, bathroom

Outside
Private rear garden and off street parking

EPC rating
C
Tenure
Leasehold with vacant possession

Lease
99 years from 9 December 1960 - 38 years remaining. Expected lease extension cost in the region of £45,000.

Local authority
Slough Borough Council

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.

Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.

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.

Bidding not yet open
Minimum Opening Bid

£80,000


Bidding Opens On
29th Oct 2021 10:00
Scheduled End Date

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Office Contact

01344 753120

Agreement Documents

Related Documents

Virtual Tour

42 Woodland Avenue Virtual Tour

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