0 Bedroom For Investment in Waylen Street Berkshire

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For Investment

Waylen Street, Reading, RG1 7UR

Guide Price: £22,000
  • Key Features

    • Ground rent investment
    • Freehold of a single building
    • Building comprises 4 flats
    • Good access to town
    • Initial gross yield 4.54%

    Property Description

    FOR SALE BY AUCTION - GROUND RENT INVESTMENT. A freehold building converted in 2013 comprising four apartments sold on a 125 year leases from 1st July 2013 with a commencing ground rent of £250 per annum per flat and review periods every 25 years. Initial gross yield 4.54%

    AUCTION DATE: To be sold by public auction on Wednesday 1st November 2017 at 1:30pm at Green Park Conference Centre, 100 Longwater Avenue, Green Park, Reading, Berkshire, RG2 6GP

    LOCATION: * Town centre location * Mainline rail service to London Waterloo and Paddington * M4 access at junctions 10 & 11

    DESCRIPTION: * Freehold ground rent of 4 flats * Each flat has been sold with the benefit of 125 year lease from 1st July 2013 * Commencing ground rent of £250 per annum per flat * Ground rent review due 1st July 2038 and every 25 years thereafter * Initial gross yield 4.54%

    PLEASE NOTE: We understand the Section 5B notice has been served and expired and the Lessees have not reserved the right to buy.

    TENURE: Freehold

    LOCAL AUTHORITY: Reading Borough Council - 0118 937 3787

    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 this information, a link to the Legal Pack will be available on our website www.romans.co.uk from Friday 1st September.

    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 Lots may be sold or withdrawn prior to auction.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.

  • Location

  • Street View

  • Floorplans

  • Energy Performance Certificate

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