FOR SALE BY ONLINE AUCTION - On behalf of the Executors of the Estate. A vacant first floor 2 bedroom maisonette, conveniently located on the outskirts of Wokingham, providing a great opportunity for investment. Cash buyers only - lease approximately 64 years remaining.
Auction date
To be sold by online auction on Friday 29 October 2021, bidding will open at 10.00.
To view
Please call 01344 753 120 to book an appointment at the following times: * Tuesday 12 October at 12.00 * Thursday 14 October at 14.30 * Tuesday 19 October at 14.30 * Thursday 21 October at 14.30 * Tuesday 26 October at 14.30
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
* Close to local shops and schools * Excellent access to town centre * Good access to Reading and Bracknell * Mainline train station to London, Waterloo * M4 access at junction 10 (A329M)
Description
* First floor maisonette * Ideal for letting investment * 2 bedrooms * Fitted kitchen * Parking nearby
Accommodation
Comprises:
EPC rating
E
Tenure
Leasehold with vacant possession
Lease
Term 99 years from 25 December 1986 - (64 years remaining). The cost of the Premium to extend the term of the lease has been estimated in the region of £23,000.
Please Note
The joint owner is the spouse of an employee of the Leaders Romans Group.
Local authority
Wokingham Borough Council - 0118 974 6000
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 Price *
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.
2 Beds
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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