Lot
003
Auction Ends: 30/04/2025 10:06 - Bidding opens Tuesday 29th April 10:00 AM

Ground Rents, Flats 1-12, Transcend, 1 And 2 Osborne Mews, Windsor, Berkshire, SL4 3DE

Property Details
Location
Description
GROUND RENT INVESTMENT -£1,200pa - The Freehold interest in 12 purpose built flats located in the Royal Borough of Windsor, dating from the early 2000s and held by way of 125 year leases from 1st January 2003 (approx. 104 years unexpired) at individual rising ground rents of £100pa each. The ground rents double every 15 years to a maximum of £2,000 each for the reminder of the terms and none of the increases have been implemented since purchase. The ground rents should have increased to £200 on the 1st January 2018 and this was not implemented
Location
The flats occupy a prominent location at the corner of Osborne Mews and St Leonards Road close to the centre of Windsor and a short walk from comprehensive facilities including shops, reputable schools and the castle . The nearby A308 gives good access to the M4 as well as a number of regional centres and Windsor & Eton Central station is just over half a mile away resulting in the area being popular amongst London commuters.
Tenancy
Schedule of ground rents 

Flat NumberTermTitleGround Rent
1125 years from 1st January 2003BK383047£100
2125 years from 1st January 2003BK383646£100
3125 years from 1st January 2003BK383647£100
4125 years from 1st January 2003BK383831£100
5125 years from 1st January 2003BK384000£100
6125 years from 1st January 2003BK384138£100
7125 years from 1st January 2003BK383650£100
8125 years from 1st January 2003BK383649£100
9125 years from 1st January 2003BK383629£100
10125 years from 1st January 2003BK383945£100
11125 years from 1st January 2003BK383644£100
12125 years from 1st January 2003BK383643£100
TOTAL

£1,200
Note 1
Landlord & Tenant Act 1987, Section 5B notices were served on the qualifying tenants 11th November 2024
Note 2
The ground lease provides for the doubling of the ground rents every 15 years and these increases have not been implemented 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 29TH APRIL AND CLOSES ON WEDNESDAY 30TH APRIL.
Addendum
The arrears as at 28th April 20025 amounted to £940

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