FOR SALE BY ONLINE AUCITON - COMPLETION BY 31ST MARCH 2021 - A vacant 2 bedroom purpose built second floor flat located close to Reading town centre, requiring refurbishment. Ideal for investment with an estimated gross yield of 6 .5% per annum at £925 PCM, or for owner occupation.
To be sold by online auction on Wednesday 17th February 2021, bidding will open at 9.00AM.
A virtual tour is available. Internal viewings will be conducted in accordance with the Government guidance on Social Distancing, PPE must be worn at all times. Please call 01344 753 120 to book an appointment at the following times: * Tuesday 26th January 12.00 * Thursday 28th January 12.00 * Tuesday 2nd February 12.00 * Thursday 4th February 12.00 * Tuesday 9th February 12.00 * Thursday 11th February 12.00
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
* Good access to Reading town centre and amenities * M4 access at junctions 11 & 12 * Mainline rail service to London Waterloo & Paddington from Reading
* 2 bedrooms * Requires refurbishment * Good investment potential * Share of freehold
Entrance hall, living room, kitchen, 2 bedrooms, bathroom
Communal gardens and off street residents parking
Share of freehold
999 years from 1 August 1973
Reading Borough Council - 0118 937 3787
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.
A buyers charge of £1,200 including VAT is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This auction is now closed.
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