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.
3 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
