Lot 10 - Basement Flat, 12 George Street, Reading, Berkshire, RG1 7NT

  • Unconditional Online Auction Sale
  • Guide Price* : £90,000

Lower ground floor apartment - 1 bedroom


Description

FOR SALE BY ONLINE AUCTION - A vacant 1 bedroom lower ground floor apartment located close to Reading town centre, requiring some refurbishment. Ideal for investment, previously let for £630 PCM and an estimated gross yield of 8.4% PAX. Leasehold with 79 years remaining.

Auction date
To be sold by online auction on Friday 25th February 2022, bidding will open at 10.00.

To view
A virtual viewing is available, or please call 01344 753 120 to book an appointment at the following times: * Thursday 10 February at 14.15 * Tuesday 15 February at 14.15 * Thursday 17 February at 14.15 * Tuesday 22 February at 14.15

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
* Close to local schools and amenities * Good access to Reading town centre * Mainline rail service to London Paddington * M4 access at junctions 10 and 11

Description
* 1 bedroom * Lower ground floor apartment * Good investment potential *

Accommodation
Living room, kitchen, bedroom, bathroom

EPC rating
C

Tenure
Leasehold

Lease
99 years from 1 July 2002 - 79 years remaining.

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 sellers 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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Office Contact

Romans Auctions
01344 753120

Agreement Documents

Related Documents

Virtual Tour

Basement Flat, 12 George Street Virtual Tour

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