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SUMMARY
AUCTION SALE 24 May 2012 - Investment


DESCRIPTION
location:
The property is situated on the South side of the High Street opposite its junction
with Wilmot Way. Public transport links include Banstead Rail Station together
with a network of local bus services. Road links include the A217 that provides
access to junction 8 of the M25 Motorway to the South and to the A24 to the
North. A range of shops, bars and restaurants can be found locally along the
High Street with recreational pursuits being found at Banstead Common to the
North and Nork Park lying to the West.

accommodation:
Split level maisonette comprising:
First floor: Entrance hall, two reception rooms, kitchen
Second floor: Three bedrooms, bathroom, separate WC
Outside: Raised rear garden

planning:
We understand that next door (56a) has planning permission to convert into 2 x
one bedroom self contained apartments. This flat may be suitable for similar
scheme subject to the usual and necessary planning permissions and consents.
Prospective purchasers must rely upon their own enquiries in this respect.

lease:
Held on a long lease for a term of 115 years from 25th March 1986 (less 7 days)
at a ground rent of ?+?50 per annum.

tenancy:
The property is let on an assured shorthold tenancy for a term of 12 months
from 1st November 2011 at a rent of ?+?800 per calendar month (increasing to
?+?850 pcm from 1st June 2012).

rent reserved:
?+?9,600 per annum with an increase to ?+?10,200 per annum from 1st June.

local authority planning department:
Reigate and Banstead Borough Council, Tel: 01737 276 000



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.