FOR SALE BY ONLINE AUCTION – 6 WEEKS’ COMPLETION - For development, a vacant grade II listed Georgian style building arranged over basement, ground, first and second floors, formerly office space throughout, located in Reading town centre. Planning permission granted by Reading Borough Council for the conversion of current building to an apartment and 7 bedroom HMO, reference 210750.
Auction date
To be sold by online auction on Friday 26th August 2022, bidding will open at 10.00.
To view
A virtual tour is available, or 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
* Grade II listed Georgian style building * Planning permission granted * Conversion to a 2 bedroom apartment and a 7 bedroom HMO
Accommodation
Formerly open plan office space arranged over 4 floors, including basement. Existing gross internal area 281.18 sq m (3,026 sq ft)
Outside
Side passage and bin store, no parking
EPC rating
D
Planning permission
Planning permission has been granted by Reading Borough Council for the conversion of the current building to a 1 bedroom flat and 7 bedroom HMO, planning reference 210750
Tenure
Freehold with vacant possession
Business rates
Rateable Value £22,250
Please note
All plans are strictly for identification purposes only and should not be relied upon. Please refer to the legal pack for the Land Registry plan of each lot. Any plans are reproduced from Ordnance Survey maps with kind permission of the Controller of Her Majesty’s Stationery Office @ Crown copyright. All rights reserved, Licence no: 100020449.
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.
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.
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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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