LOT 54

Oakridge House & Oakridge Place, 31-37 Station Road & 46-56 Oak End Way, Gerrards Cross, Buckinghamshire, SL9 8ES

LONG LEASEHOLD GROUND RENTS - 28 APARTMENTS
Result: Sold for £100,000 Guide price: £100,000 plus*

Auction Date

Wednesday, 6th February 2019 11:00am

Location & Description

A large and mainly modern development of 28 self-contained apartments (27 with basement parking - 35 spaces in total) incorporating a Waitrose (not part of the sale). Gerrards Cross is in south Buckinghamshire just to the north west of J16 of the M25 where the M40 intersects. The busy town centre can be reached from the A413 (Amersham Road) and the property fronts Station Road and Oak End Way to the rear. The mainline station is a short distance to the west and nearby occupiers include NatWest, Holland & Barrett, Café Rouge with other national multiples in Packhorse Road.

Accommodation

All the apartments (except one) have a basement parking space(s) and are sold on leases for 175 years from 01.12.2012 at £250 p.a. with 15 year reviews linked to the Retail Price Index (see leases for exact wording).

Lease Details

999 years from 19.09.2012 at a peppercorn rent

EQUIVALENT TO £7,000 p.a. WITH 15 YEAR REVIEWS

Status

Sold for £100,000

Joint Auctioneer

Rapleys LLP Tel: 0370 777 6292 Ref: Angus Irvine

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.