Lot 2 - 27 Cambridge Street, Reading, Berkshire, RG1 7PA

  • Unconditional Online Auction Sale
  • Guide Price* : £260,000

Period terraced house - Converted into three 1 bedroom flats - £25,500 per annum, representing a 9.8% gross yield


Description

FOR SALE BY ONLINE AUCTION - A period terraced house converted into 3 flats, located close to Reading town centre. Ideal letting investment. Currently let, generating £25,500 per annum, representing a 9.8% gross yield. Can be converted back to a 3 bedroom house, requiring improvement.

Auction date
To be sold by online auction on Friday 26th November 2021, bidding will open at 10.00.

To view
Viewings by appointment only. Please call 01344 753 123.

Registration
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.

Location
* Good access to Town Centre and Oracle Shopping Centre * Walking distance of the train station * Mainline rail service to London Waterloo & Paddington * M4 access at junctions 11 & 12

Description
* Terraced house * Converted in to 3 flats * Currently tenanted * Ideal investment

Accommodation
Comprises:

Lower ground floor
Flat 27a: Living room/kitchen, bedroom, inner hallway, shower room, WC

Ground floor
Entrance hall, stairs to first floor Flat 27b: (Not inspected by auctioneers) believed to comprise Living room/kitchen, bedroom, bathroom

First floor
Flat 27c: Hallway, Living room/kitchen, bedroom, shower room

Outside
Front and read gardens, garden currently used by Flat 27a

EPC rating
Flat 27a: C. Flat 27b: C. Flat 27c: D.

Tenure
Freehold

Tenancy
Flat 27a: 1.05.21 for 12 months at £750 PCM. Flat 27b: 31.3.20 for 12 months at £625 PCM. Flat 27c: 1.9.21 for 12 months at £750 PCM.

Local authority
Reading Borough Council - 0118 937 3787

Legal pack
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
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.

Additional fees
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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Sold for £281,000

This auction is now closed.

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Office Contact

01344 753120

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