FOR SALE BY ONLINE AUCTION - COMPLETION BY 31ST MARCH 2021 - A vacant 1 bedroom apartment presented in good condition, located in the heart of Reading town centre within walking distance of the Oracle shopping complex and Reading mainline station. Ideal letting investment for cash buyers only with an estimated monthly rent of £775 PCM and a gross yield of 7.15%.
Auction date
To be sold by online auction on Wednesday 17th February 2021, bidding will open at 9.00AM.
To View
A virtual tour is available. Internal viewings will be conducted in accordance with the Government guidance on Social Distancing, PPE must be worn at all times. Please call 01344 753 120 to book an appointment.
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
* Reading town centre * M4 access at junctions 11 & 12 * Mainline rail service to London Waterloo & Paddington
Description
* 1 bedroom apartment * Open plan living * Ideal letting investment *
Accommodation
Entrance hall, living room, kitchen, 1 bedroom, bathroom
EPC rating
C
Tenure
Leasehold with vacant possession
Lease
125 years from and including 01.01.2016 to and including 31.12.2141, 120 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 seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.
* 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.
1 Bed
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.
Whether you’re looking to sell or let your property, we can provide you with a free, accurate valuation based on our expert knowledge and the latest trends in your local area.
Call 01344 753120
enquiries@firstforauctions.co.uk
