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Cardia Limited, Property Portfolio Sale, GU14

For Sale £3,450,000

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Key features
  • 1 x Broken Freehold block of flats
  • 1 x Freehold House
  • 2 x Leasehold flats
  • Various ransom strips
  • Situated in Teddington, Surbiton and Farnborough
  • Company Sale Only

Cardia Limited, Property Portfolio Sale, GU14

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Description

A RARE OPPORTUNITY TO ACQUIRE SHARES OF PROPERTY COMPANY

This residential property portfolio comprises a block of ten flats (of which Cardia Limited owns nine; a third party owns Flat 5) and one end of terrace house, both of which are situated in Farnborough, Hampshire. Additionally, there are two leasehold flats, one in Teddington, Middlesex and the other in Surbiton, Surrey.

The company also owns "Ransom Strips" in and around Frimley Green and Farnborough – Please refer to the brochure for further details.

Listing Agent: Edward McCulloch

Situation

The Portfolio consists of the following properties:

Gresham Court. Netley Street. Farnborough GU14 6BY
Gresham Court is a block of ten flats situated in the North Camp area of Farnborough in a residential road with good access to the 4331 Blackwater Valley Road and to the M3 and A31 Guildford / Farnham Road The block is of traditional construction and was originally built in the late 1980's. The roof was completely replaced three years ago and all the original timber casement windows at the back of the building are about to be replaced with UPVC units of a similar design to the current window frames. The block of flats comprises the freehold interest owned by Gresham Court Company Limited, of which the ten flats were each sold on long leases. The landlord manages and insures the building; there is a builder who manages the site. There is a management company; Gresham Court Farnborough (Management Company) Limited. The retained properties are let on Assured Shorthold Tenancies, copies of which can be supplied. The properties are not houses in multiple occupation.Car parking for the flats is available at the rear of the property.

2 Grenville Gardens. Frimley Green Farnborough GU16 6NN
End of terrace house with 3 bedrooms, bath / wc, through lounge, kitchen, wc, garage, north facing rear garden. Modernised in 2016. Approximately 790 sq.ft, This is a freehold property subject to an Assured Shorthold Tenancy. Current rental: £1,350 per month.

12 Atbara Court Athara Road, Teddington TW11 9PB
This is an ex local authority flat that is occupied by 3 / 4 tenants who to date have been students at the local university. They occupy the property on an Assured Shorthold Tenancy, Atbara Court is held on a lease that has an unexpired term of approximately 87 years. The ground rent is £10 per annum and repairs are effectively carried out through the service charge. This flat is situated in an advantageous position for Teddington and Kingston and has attracted students to occupy the same, The lease is 125 years from 6th December 1982 Unexpired term 87 years 2 months (approx.) Ground rent £10 per annum. Service Charge which is currently £1386 per annum

9 Chesham Court Brighton Road Surbiton KT6 5PS
2 bedroom flat in an enviable position close to the River Thames. Local shopping and transport facilities are within easy reach. Parking is located to the rear of the property. The property is held on 125 year lease from 1st September 1988 and thereby having an approx. unexpired term of 91 years. Ground Rent £10 per annum. Service Charge, which is currently £3,121 per annum,
Ransom Strips

ln addition, the company also owns "Ransom Strips" in and around Frimley Green and Farnborough - Please refer to the brochure for further details.

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