July 2022: Tuesday 19 July 2022 - 9:00am
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    Key features

    • Located c. 10 minutes’ walk to Martins Heron railway station
    • Situated close to Swinley Forest and local amenities.
    • 112 flats in need of modernisation comprising a mix of studios, 1 beds and 2 beds situated across 8 different blocks.
    • Potential PD rights to add additional stories to the existing blocks
    • Wider development potential to demolish the existing site and rebuild with a more modern and higher density residential scheme.
    • Site area approx. 4.5 acres (1.8 hectares)
    • Longstop completion of up to 18 months (This longstop can be increased by 6 months or shortened depending on vacant possession – please refer to the special conditions
    • Please note we require proof of funds to approve bidder registrations for this lot, see the note below for further details.

    Description

    The property comprises of 112 flats split over 8 different apartment blocks located within a predominantly woodland site of approximately 4.5 acres (1.8 hectares).

    The apartment blocks are 4 stories in height over ground, first, second and third floors and have a red brick exterior with a flat roof. A number of the flats have access to private amenity space in the form of balconies. Associated carparking is located on the site with a total of approximately 136 spaces.

    The blocks are in 2 different layout configurations. ‘Rowan, Linden, The Willows and The Firs’ comprises of 12 flats in each block while ‘Pine Court, The Cedars, Greenwood and Larchwood’ comprise of 16 flats in each blocks.

    The flats are in need of modernisation throughout with a varying level of interior condition.

    Nine of the units are currently being occupied by tenants and Vacant Possession will be offered upon completion.

    Please note: The majority of flats currently have either gas or electric heating installed. The condition of each heating system is unknown and untested.

    Additional information

    Tenure

    Freehold

    Accommodation


    Planning

    A planning briefing note has been created outlining the possible planning potential on site and can be viewed in the legal pack. There is wider development potential to demolish the existing site and rebuild with a more modern and higher density residential scheme. A number of CGI images have been created to reflect the potential on site.


    Notes

    Legal Queries

    Any specific legal questions direct to

    Kate.Silverman@clarkewillmott.com


    Joint Auctioneer

    Fiona Sullivan MRICS

    Savills Development

    Tel :+44 (0) 1189 520501

    Mobile:+44 (0) 7580 588007

    Email: fiona.sullivan@savills.com


    Bidder registration

    We require proof of funds for 10% of the guide price (£600,000) in order to approve bidder registrations for this property. This is to take the form of:


    • A bank statement
    • Confirmation from a solicitor or accountant


    Please either attach this to your registration as an additional document when registering to bid, or email to bidding@savills.com with the name you registered under and we will match it to your account.

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      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Bracknell is a large commuter town located between Reading to the west and Windsor to the East. The town is located approximately 25 miles west of London.

      Wayland Close is located at the end of a no-through road which can be accessed off Segsbury Close which is accessed via Uffington Drive. The residential through roads can be accessed via Ralphs Ride Road.

      Local shops and amenities can be found close by on Ralphs Ride Road and further afield in the centre of Bracknell (approx. 1.8 miles to the north), and Martins Heron Station is located an approx. 0.4 miles from the property on foot.

      Transport

      Martins Heron Station - Services to Reading and 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