A first floor 2 bedroom maisonette with rear garden located close to Reading town centre requiring modernisation, providing a great opportunity for investment. Cash buyers only, lease approximately 45 years remaining. A Section 42 notice will be served on the freeholder and assigned to the purchaser on completion.
Auction date
To be sold by online auction on Friday 24th February 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
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
* Close to local shops * Close to Reading West train station * M4 access at junctions 10 or 11
Description
* First floor maisonette * 2 Bedrooms
Accommodation
Comprises:
Ground floor
Communal entrance hall, stairs to first floor
First floor
Living room, kitchen, 2 bedrooms, bathroom
Outside
Private rear garden
EPC rating
F
Tenure
Leasehold with vacant possession
Lease
99 years from 31st May 1969 - 46 years remaining. A Section 42 notice will be served on the freeholder and assigned to the purchaser on completion.
Ground rent and service charge
Please see legal pack for further details.
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.
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.
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