FOR SALE BY ONLINE AUCTION - On behalf of the Executor. A vacant first floor Maisonette, requiring modernisation, located in a popular residential location close to South Lake. Ideal for improvement and rental investment. Suitable for cash buyers - lease approximately 73 years remaining. A Section 42 notice for a lease extension will be served on the freeholder and assigned to the purchaser on completion.
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 03 February at 12.00 * Tuesday 08 February at 12.00 * Thursday 10 February at 12.00 * Tuesday 15 February at 12.00 * Thursday 17 February at 12.00 * Tuesday 22 February at 12.00
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 local shops and schools * Good access to Reading town centre * Mainline rail service to London Paddington * M4 access at junctions 10 & 11
Description
* First floor maisonette * 2 bedrooms * Needs refurbishment * Investment potential * Cash buyers
Accommodation
Comprises:
Ground floor
Private entrance, staircase to first floor
First floor
Hallway, living/dining room, kitchen, 2 bedrooms, bathroom
Outside
Non-allocated parking space nearby
EPC rating
E
Tenure
Leasehold with vacant possession
Lease
Term of 125 years from 01 July 1970 - 73 years remaining
Please note
A Section 42 notice will be served on the freeholder and assigned to the purchaser on completion.
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.
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.
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
