Property Description
**NO ONWARD CHAIN COMPLICATIONS** Hunters Reading are offering this well presented one bedroom flat within a 20 minute walk to Reading Town Centre & Reading Mainline Station. The property offers a large reception area, fitted kitchen, spacious double bedroom and a fitted bathroom. The property is also set within a 0.8 miles of local amenities, restaurants and shops. Call us today on 0118 966 8001 to arrange a viewing. NO PARKING
This property is ideal for an investor and has the potential to achieve over 6.5% return on investment.
Leasehold length remaining - 114 years from 01/01/25
Lease start date - 01/01/2014
Maintenance charge - £1000 per annum
Service charge - approx. £2000 per annum
'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 £300.00 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 4.50% 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. Payment varies but will be no more than £450.00. These services are optional.'
This property is ideal for an investor and has the potential to achieve over 6.5% return on investment.
Leasehold length remaining - 114 years from 01/01/25
Lease start date - 01/01/2014
Maintenance charge - £1000 per annum
Service charge - approx. £2000 per annum
'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 £300.00 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 4.50% 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. Payment varies but will be no more than £450.00. These services are optional.'
Material Information
- Tenure: Leasehold
- Lease Years Remaining: 114
- Service Charge: £2,000 per year
Standout Features
- For Sale By Auction
- No Onward Chain Complications
- One Bedroom Flat
- Within Walking Distance To Local Amenities & Shops
- Fitted Kitchen
- Ideal For An Investor
- Call Us Today On 0118 966 8001 To Arrange A Viewing
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Oxford Road, Reading
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