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This property is no longer on the market
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Property
Key information
Features and description
- Tenure: Freehold
- For sale by online auction
- Development
TO BE SOLD BY ONLINE AUCTION AS LOT 25 ON THURSDAY 27 OCT 2022 - Freehold with Consent for Eleven New Build Flats
In Same Ownership for Approximately 35 Years
Elmbridge Borough Council
Situated in a cul-de-sac off Oatlands Drive in a popular residential area close to the shopping/travelling facilities available in Weybridge Town Centre including Weybridge Train Station. Oatlands Park Recreation Ground is also nearby.
Four Detached Blocks comprising Forty Five purpose built Flats & Six Garages Sold on leases. Each Flat & Six Garages are on lease with a total Ground Rent income of £2,950 per annum.
Prior approval consent has been granted by Elmbridge Borough Council on 17th March 2022 for additional storeys above existing blocks of flats to create eleven new build flats. In Addition, Garage 21 which is offered with Vacant Possession & Garage 20 which is let on a licence at £1,000 per annum.
Copies of the plans and consent are available for inspection (Planning Reference: 2022/0086).
Note 1: A full lease and ground rent schedule is available in the legal pack.
Note 2: There are Twenty One leases with valuable reversions in approximately 86 Years.
In accordance with Section 5(B) of the Landlord and Tenant Act 1987 notices have been served on the lessees. The lessees have not reserved their rights or first refusal.
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