Lot 3 - 4 Mason Street, Reading, Berkshire, RG1 7PD

  • Unconditional Online Auction Sale
  • Guide Price* : £200,000

3 Storey period terrace house - converted into 3 flats


Description

FOR SALE BY ONLINE AUCTION - A 3 storey period terrace house requiring renovation, converted into 3 flats. Currently let generating £27,000 p.a. representing a gross yield of 13.5% per annum.

Auction date
To be sold by online auction on Friday 27th May 2021, bidding will open at 10.00.

To view
No internal viewings will be available.

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 into 3 flats * Currently let * Requiring extensive refurbishment

Accommodation
Comprises:

Lower ground floor
4a: Entrance hall, kitchen/living room, bedroom, shower room

Ground floor
Entrance hall, stairs to first floor. 4b: Living Room/bedroom, hallway, shower room, kitchen, storage

First floor
4c: Hallway, living room, kitchen, bedroom, shower room

Outside
Front and rear gardens

Tenancies
4a: let from 07.04.21 for 12 months at £850 pcm. 4b: let from 01.05.22 for 12 months at £675 pcm. 4c: let from 01.04.22 for 12 months at £725 pcm.

Tenure
Freehold

EPC rating
a) Basement C, b) Ground floor C, c) First floor D

Council tax band
B - Reading Borough Council

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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Office Contact

Romans Auctions
01344 753120

Agreement Documents

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