Clarence Court, 16/18 Craufurd Rise, Maidenhead, Berkshire SL6 7LU
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 22 Click here for addendum Freehold Ground Rent Investment with 14 Valuable Reversions In same ownership for over 28 years Situation Located close to the junction with St. Luke's Road, within close walking distance of Kidwells Park and Maidenhead Town Centre and approximately ½ a mile from Maidenhead Station (Great Western Railway). Maidenhead is a prosperous Thames Valley town which lies approximately 26 miles west of central London and enjoys easy access via the A404(M) to the M4 and M40 motorways. Property A purpose built residential block comprising 18 Self-Contained Flats planned on the ground, first and second floors. VAT is NOT applicable to this Lot FREEHOLD Note 1: Whenever a Flat in Clarence Court is sold the Ground Rent rises in proportion to the increase in value from the previous sale. Note 2: In accordance with s5B of the Landlord & Tenant Act 1987, Notices have been served on the lessees and they have not reserved their rights of first refusal. This lot cannot be sold prior to the Auction. Note 3: The Freeholder insures. Current sum insured £4,099,005. Current premium is £6,024.35 p.a. Note 4: According to Land Registry the most recent sale in the development was of Flat 5 which sold for £174,500 in December 2019. Note 5: The Lease of Flat 17 (which had an unexpired term of approx. 62 years) was extended in March 2021 for a premium of £22,000. Note 6: Flats in Clarence Court should not be used for any purpose whatsoever other than as private dwellinghouses to accommodate persons of the state retirement age. Note 7: The Garages at the rear of Clarence Court are not included in the sale. Note 8: There is a 6 Week Completion.
