FOR SALE BY ONLINE AUCTION - A building plot with full planning permission to erect an end terrace 3 bedroom 2 bathroom house, located in a popular residential location west of Reading town centre. Suitable for builders and investors.
To be sold by online auction on Friday 29th October 2021, bidding will open at 10.00AM.
The site can be viewed at any reasonable time. Please respect the privacy of neighbouring residents and park responsibly.
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.
* Popular residential area * Good access to local shops and schools * Good access to Reading town centre * Rail service from Reading to London (Paddington)
* Single building plot * Planning Permission * 3 bedroom family house * Investment potential
Full planning permission was granted by Reading Borough Council on 2 July 2018 for the construction of a 3 bedroom end terrace house. Application number 171407. A further application was made and approved on 14 August 2020 to remove/vary a condition of the previous planning to allow for a 3m deep extension, internal alterations and the provision of a roof light. Application number 191987.
End of terrace 3 bedroom house of approximately 1,162 sq ft (108 sq m). Ground floor; Entrance hall, living room, open plan kitchen/dining room, WC. First floor; 3 bedrooms, bathroom, en-suite WC. Outside; front and rear gardens. Potential for a loft conversion subject to planning permission.
CIL & Section 106 costs
We understand the CIL payment of £13,551 has been paid. The section 106 cost of £20,500 is still liable. Please see legal pack for details.
Freehold with vacant possession
Reading Borough Council - 0118 937 3787
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no:100020449.
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.