FOR SALE BY ONLINE AUCITON - A vacant 1 bedroom purpose built ground floor apartment located close to Reading town centre, requiring refurbishment. Ideal for investment with an estimated gross yield of 7.0% per annum at £825 pcm, or for owner occupation. Leasehold with 985 years remaining.
To be sold by online auction on Friday 29 October 2021, bidding will open at 10.00.
A virtual tour is available. Internal viewings will be conducted in accordance with the Government guidance on Social Distancing. Please call 01344 753 120 to book an appointment at the following times: * Thursday 7th October at 13.30 * Tuesday 12th October at 13.30 * Thursday 14th October at 13.30 * Tuesday 19th October at 13.30 * Thursday 21st October at 13.30 * Tuesday 26th October at 13.30
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
* 1 bedroom * Requires refurbishment * Good investment potential * Long leasehold
Entrance hall, living room, kitchen, bedroom, bathroom
Communal gardens and off street residents parking
999 years from 25 September 2007 - 985 years remaining.
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 lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
* 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.
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