Detached house for sale in Reading RG1, 5 Bedroom

For sale by auction - For investment. A recently refurbished, four storey house configured as a self-contained basement flat and 4 lettable rooms located in central Reading, being sold subject to existing tenancies providing a total rent equivalent to £28,440 per annum, producing a gross yield of 9.48% per annum.

Auction Date

To be sold by public auction on Thursday 30th May 2019 at 1:30pm at Green Park Conference Centre, 100 Longwater Avenue, Green Park, Reading, Berkshire, RG2 6GP

To View

Viewings by appointment only. Please call .

Location

* Reading town centre * Good access to shops and mainline station * Reading mainline train station to London Waterloo & Paddington * M4 access at junction 11

Description

* Freehold investment opportunity * Fully let * Recently renovated

Accommodation

Comprises:

Basement

Self-contained flat: Kitchen/living room, bedroom, shower room

Ground Floor

Letting room, kitchen

First Floor

Letting room, shower room

Second Floor

2 letting rooms

Outside

Rear garden

EPC Rating

F

Tenure

Freehold

Tenancies

Basement flat and 4 rooms are let on separate Assured Shorthold Tenancies producing a total rent equivalent to £2,370 pcm

Local Authority

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, from Friday 3rd May. You will then receive notifications 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 property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.

Additional Fees

A buyers charge is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.