Private Treaty
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1, 2 & 3 Fairfield Place, Farnham Royal, SL2 3FG

Private Treaty
United Kingdom
Houses (Multiple)
Residential

Asking price £2,500,000

Property Summary

  • For sale on behalf of N Edwards and G Bushby, the Joint Fixed Charge Receivers
  • Three substantial, detached dwellings set within a private gated development
  • Located within an affluent, semi-rural commuter village in Buckinghamshire
  • Potential maximum contracted income of £179,760 with further asset management potential
  • Total combined GIA of 653.25 m2 / 7,032 sq ft
  • Excellent transport links from Slough with a fastest journey time of 14 minutes into London Paddington
  • The M4 (J6) is 2.8 miles to the south and the M40 (J2) is 3.8 miles to the north

Contact Us

John Connolly
John Connolly
Property Agent, here to help.
Jacqui McCoy
Vendor's Solicitor

Contact Us

John Connolly
John Connolly
Property Agent, here to help.
Jacqui McCoy
Vendor's Solicitor

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Property description

The properties are situated within a gated development comprising four detached houses with construction completed in late 2018.

The properties are arranged over ground, first and second floors. Each property has a similar internal configuration, with unit 2 benefitting from an additional single garage.

Unit 1 is currently occupied on an Assured Shorthold Tenancy producing £30,000 PA, however we are informed by the vendor that Vacant Possession is being pursued. Units 2 and 3 are currently leased to Independent Housing UK Ltd (IHL) for a term of five years from October 2020, with potential to produce £149,760 PA. IHL are a registered charity and not-for-profit, whom provides supported living accommodation to adults with a learning disability, mental health problems, acquired brain injury and associated physical disabilities. (www.ihl_uk.com). IHL have a Creditsafe rating of A (90).

Tenure

Freehold under title numbers BM417942, BM419106 and BM418217.

EPC

Each property benefits from an Energy Performance Asset Rating of 86 (B). Certificates are available within the dataroom.

VAT

We understand that VAT is not applicable.

 

Location

The properties are located in the affluent Buckinghamshire village of Farnham Royal. The location is popular amongst commuters given its close proximity to popular employment locations including Slough, Maidenhead and Central London. 

Farnham Royal is approximately 3 miles north-west of Slough, 5.5 miles north-east of Maidenhead and 22 miles to the west of Central London.

The M4 is approximately 2.8 miles to the south at J6 and the M40 is 3.8 miles to the north at J2.

 

Tenancy

UnitTenantJune
rent
July
rent
August
rent
September 
rent
October
rent
Potential  contracted 
monthly rent
Potential contracted
rent PA 
Tenancy /Lease
start date
Tenancy /Lease
end date
   1 Private to 
individual on AST
£2,500£2,500 £2,500   £2,500  £2,500    £2,500   £30,000November 2021November 2022 (1)
   2 Independent   Housing UK Ltd£4,800£5,760 £1,920   £3,600  £2,880  £6,420 (2) £74,880 (2)    19/10/2020    19/10/2025 (3)
   3 Independent   Housing UK Ltd£5,760£9,600 £6,720 £5,382.86  £4,800  £6,240 (2) £74,880 (2)    19/10/2020    19/10/2025 (3)


(1) We understand that Vacant Possession is being persued. The property will be sold subject to any tenancies that may or may not exist upon completion.
(2) The maximum potential rent is based on £240 per tenant per week, payable monthly in arrears in respect of the actual occupational status of the previous month. Both unit 2 & 3 have capacity for 6 tenants.
(3) Please refer to the legal pack for copies of the AST / leases (including mutual break clauses).
We have been provided the historic rent by the Receivers which have been given in good faith, however, the Receivers act without personal liability

Accommodation

The accomodation comprises as below for all three properties:

Ground Floor: Reception room, large open plan kitchen / dining room with additional lounge, study, utility room, WC. Approximate internal floor area is 95 sq. m / 1,023 sq. ft

First Floor: Four bedrooms (two with en suite and one with dressing room), bathroom. Approximate internal floor area is 78.5 sq. m / 845 sq. ft

Second Floor: Bedroom (with en suite and dressing room) and large storage room. Approximate internal floor area is 44.25 sq. m / 476 sq. ft

External: Front garden / drive way, rear garden, single garage which is approximately 17.75 sq.m / 191 sq. ft (no. 2 only)

VAT

Please refer to Legal Documents

All Offers

This property has no offers yet.

*Terms & Conditions

No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the vendor. All interested parties must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the vendor.