A semi-detached property converted into three one bedroom apartments located south of Reading town centre. Ideal letting investment at a potential rent of £2,250 PCM (£27,000 PAX) with a gross yield of 13.5% on one freehold title.
Auction date
To be sold by online auction on Friday 25th November 2022 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website 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 local amenities * Good access to Reading town centre and Green Park * Mainline rail service to London Paddington from Reading * M4 access at junctions 10
Description
* Semi-detached * Converted into three flats * Gross rental yield 13.5% PAX
Accommodation
Comprises:
Ground floor
Two self-contained 1 bedroom flats with kitchen and bathrooms
First floor
Living room, bedroom, bathroom, WC, kitchen (located on ground floor)
Outside
Rear garden, off street parking
Tenancies
Flat 1: Let on an AST from 01.05.22 for 12 months at £750 PCM. Flat 3: Let on an AST from 03.10.21 for 12 months at £750 PCM, now a periodic tenancy. Flat 2: Previously let at £750 PCM but currently vacant. All rents quoted are inclusive of gas and water rates.
EPC rating
Flat 1 D, Flat 2 D. Flat 3 D
Tenure
Freehold
Council tax band
A - Reading for each flat
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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