FOR SALE BY ONLINE AUCITON - 6 WEEK COMPLETION - A vacant 1 bedroom first floor apartment, requiring refurbishment, with allocated off street parking, located close to Reading town centre. Ideal for investment with an estimated gross yield of 6.5% per annum at £875 pcm, or suitable for owner occupation. Share of freehold, with a 999 year lease.
Auction date
To be sold by online auction on Friday 29 October 2021, bidding will open at 10.00.
To view
A virtual tour is available. Internal viewings will be conducted in accordance with the Government guidance on Social Distancing. Please call 01344 753 120 to book an appointment at the following times: * Thursday 7th October at 12.30 * Tuesday 12th October at 12.30 * Thursday 14th October at 12.30 * Tuesday 19th October at 12.30 * Thursday 21st October at 12.30 * Tuesday 26th October at 12.30
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 Reading town centre and amenities * M4 access at junctions 11 & 12 * Mainline rail service to London Waterloo & Paddington from Reading
Description
* 1 bedroom apartment * Requires refurbishment * Good investment potential * Share of freehold
Accommodation
Entrance hall, living room, kitchen, bedroom, bathroom
Outside
Communal garden and allocated off street parking
EPC rating
D
Tenure
Share of freehold
Lease
999 years from 01 January 2001 - 978 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 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.
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.
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