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    Key features

    • Development Opportunity in Affluent Surrey Town close to Royal Holloway University
    • Planning Permission granted to substantially increase the size of the building and provide a further floor and additional three bed flat
    • Investment let at £66,600 pa pro rata (£5,550 pcm)
    • Comprises 4 flats (fully let) with two ground floor commercial units held with vacant possession (both have PD rights to convert to residential)
    • Asset management opportunity to increase rent roll with letting of further two units
    • Affluent and attractive Surrey town
    • Popular student area less than 500m from Royal Holloway University Campus

    Description

    The property is a substantial building currently comprising two vacant commercial units together with 4 flats let on student AST's. The property includes a substantial car park at the rear with parking for approximately 10 cars. The property benefits from planning permission and construction drawings for 6 flats as well as (subject to change of use) a further 2 bed flat. This Site has the benefit of the freehold of the 2 adjoining sites, namely Alpha Mews, 18 Victoria Street (7 flats build 5 years ago) and Holloway Mews, Armstrong Road, (11 flats build 10 years ago), it also has the income from the Service Charge and Ground Rent from the afore mentioned flats as detailed.

    Additional information

    Tenure

    Freehold.

    Accommodation

    Current Approximate Floor Areas


    42A Armstrong Road/Bindles - 67 sq m (721 sq ft) - 3 bed


    19A Victoria Street - 102 sq m (1,097 sq ft) - 3 bed


    19B Victoria Street - 33 sq m (335 sq ft) - One bed


    High View 42B Victoria Street - 21 sq m (226 sq ft) - Studio flat


    19 Victoria Street - 18.38 sq m (178 sq ft) - Retail/Shop


    20 Victoria Street - 12.22 sq m (132 sq ft) - Retail/Shop

    Planning

    Planning permission has been granted (Ref: RU.22/1947) for the proposed merging of no.19 and 20 Victoria Street into one unit (Use Class E). Proposed ground floor infill, associated shopfront and creation of increased shop area to no.19 Victoria Street and internal alterations: roof enlargement including raised ridge and eaves and partial demolition and alteration of rear projection to provide additional accommodation and new 2 x 1 bedroom flats together with associated bin and bike storage and parking and the replacement of the existing aluminium windows and upvc doors, with painted timber, to shop fronts 16, 17, 18, 20, 21, 22 and 23. Please see plans in the legal pack.

    Rent

    £66,600 pa
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      Accommodation / Tenancy Schedule

      Local information

      Englefield Green is an affluent and attractive area approximately 1 mile west of Egham and 21 miles south-west of Central London. The property is located on the south side of Victoria Street, close to it's junction with St Jude's Road. The property is less than 500 metres from Royal Holloway University and is popular with students. Nearby occupiers include a number of pubs, cafe's and independent shops.

      Transport

      1 mile west of Egham

      5 miles south-east of Windsor

      21 miles south-west of Central London


      Bus - 8 (Slough & Egham Train Station)

      Train: Egham (direct services to London Waterloo)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums