FOR SALE BY ONLINE AUCTION - 6 WEEKS’ COMPLETION - A vacant 2 bedroom first floor apartment located in a popular residential area close to the town centre. An opportunity for improvement or letting investment with a estimated gross rental yield of 8.7%. The current lease is available to extend at the premium of a peppercorn and the ground rent of a peppercorn, subject to the legal costs of the Freehold Company/Priest Hill Residents Association Ltd.
Auction date
To be sold by online auction on Friday 28th October 2022, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please call 01344 753120 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
* Close to amenities * Good access to Reading town centre * Mainline rail service to London Paddington
Description
* First floor apartment * 2 bedrooms * Ideal letting investment
Accommodation
Living room, kitchen, 2 bedrooms, bathroom
Outside
Parking, communal garden
EPC rating
B
Tenure
Share of freehold with vacant possession.
Lease
99 years from 14 January 1988, 64 years remaining
Please note
The current lease is available to extend at the premium of a peppercorn and the ground rent of a peppercorn, subject to the legal costs of the Freehold Company/Priest Hill Residents Association Ltd.
Ground rent and service charge
Please see legal pack for further details.
Council tax band
C - 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.
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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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
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