- Modern method of auction
- Current rental yield of over 7%
- Investment opportunity
- No onward chain
- Located close to reading university
- Large kitchen diner
- One bedroom apartment
- On street parking
- EPC Band: D
Key features
Description
Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Yopa is proud to present this fantastic first-floor, one-bedroom apartment, presented in great condition, that was converted into apartments back in 2005. The property sits on the Shinfield road with great bus routes into the Reading town Centre and close to Reading mainline station, creating great links into London. The property also sits just a short distance from the M4 motorway.
The accommodation comprises: a double bedroom, a living area that could easily be split of to create either another room or a study area, a large kitchen/diner area which is fully equipped, and a shower room. On-street parking can also be found to the rear of the property.
Rental income is £900 PCM.
Lease info: 125 years from 10 August 2005
Service charge - £1200 Per Annum Approx.
Ground Rent - £100 Per Annum
Disclaimer
Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.
Money Laundering Regulations
Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.
Floor plan
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