This property is no longer on the market
1 bedroom property
Key information
Property description & features
- Tenure: Freehold
- Mixed use investment opportunity
- 4x self-contained apartments
- 7x garages (3x used as an office)
- Current annual income of £16,535.04
- Potential for £30,000pa when fully let
- Freehold title
We are pleased to offer to auction this substantial mixed use investment portfolio, prominently located in a prime position along Windsor Lane, close to the heart of Burnham Village, Slough. The portfolio is located opposite Burnham Park and only 0.8 miles to Burnham train station, which will form part of the upcoming Crossrail network. For sale is the freehold of 4x self-contained apartments (3x 1 bed and 1x 2 bed) with cellar below, plus a block of 7 garages (3 of which are converted into an office space). Works to the property have been carried out in November 2020, including a new boiler in Flat 4, several roof tiles being replaced, damp work has been completed in Flat 2 and all drains and drainpipes have been checked. Currently, 2 flats, the office space and 2x garages are let, generating an annual income of £16,535. When fully let, the portfolio could achieve an income of approximately £30,000 per annum.
Please note that we have not inspected this portfolio.
Rooms
Location
Situated close to the heart of Burnham Village only 0.1 miles to Burnham High Street with its diverse range of shops, restaurants and amenities which include Tesco Express, Costa Coffee, Boots Pharmacy, family butchers and a village bakery/delicatessen. The M4 Motorway (Junction 7) is only 1.7 miles from the property and London Heathrow (Terminal 5) is approximately 12 miles away.
Burnham Village offers good local shopping facilities and the larger centres of Beaconsfield, Slough and Maidenhead are within easy reach and offer more extensive facilities. The M40 (Junction 2) can be joined at Beaconsfield linking with the M25. The M4 (Junction 7) also provides access to the M25 and the national road network giving access to London, Heathrow and the west. There is a mainline railway station in Burnham, offering services to Paddington and from Beaconsfield there is a service to Marylebone. Burnham is included within the Crossrail scheme.
The surrounding area provides excellent scho...
Accommodation
The property comprises 4x self-contained apartments (3x 1 bedroom, 1x 2 bedroom), 4x garages, an office space, and a brick-built shed. All garages have electric opening garage doors. There is also a cellar, which is accessed from the rear of the property through a metal door.
The office was formerly 3 garages, and has been converted into office space comprising the main office (size of 2 garages) , storage room (size of 1 garage), kitchen, cloakroom with the entrance via a personal door at the side of the garages.
There are 2 additional parking spaces; one space is used by the tenant of Flat 4, and is located between the accommodation and garages. The other space is used by the office tenant and is located outside of their garage doors.
Lease Details
We are advised that currently 2 out of 4 flats are let, for £510pcm and £361.25pcm. The tenant paying the lower rent is a long term tenant of 40+ years. The office accommodation is let for £416.67pcm. 2 of the garages are let to one tenant for £90pcm.
This totals a current income of £16,535.04 per annum.
We are advised when fully let, the portfolio can achieve approximately £30,000 per annum.
Tenure
Freehold. Title number BM377992.
Council Tax
All flats are of council tax bands B and C.
EPC
EPCs are available for flats 2 and 3 (ratings D and E). We currently await copies of the other Energy Performance Certificates.
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