Sold

Capital Point, Temple Place, Reading, RG1

Guide Price £135,000

2 beds
1 baths
1 reception

or call 0118 953 8784

Michael Page

Reading

readingresidential@romans.co.uk

Key Features

FOR SALE BY ONLINE AUCTION
6 WEEKS’ COMPLETION
Ground floor flat
2 bedrooms
Town centre
Vacant leasehold

Description

A vacant 2 bedroom ground floor flat located in Reading close to the town centre, providing good access to Reading station and the M4. Ideal for owner occupation or letting investment with an estimated rent of £1,300 PCM depending on condition, gross yield 11.5% PAX.
; Council Tax Band: D; Service Charge: 3232 ; Ground Rent: 75

Auction
To be sold by online auction (unconditional) on Wednesday 27th November 2024 with a 6 WEEK COMPLETION, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
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.
Tenure
Leasehold with vacant possession
Lease
125 years from 1 August 2002 - 102 years remaining
Ground rent and service charge
Please see legal pack for further details.
EPC rating
C
Council tax band
D - Reading
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendors 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 sellers 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 £1,500 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.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".

Useful Tools

Calculate stamp duty online

I am a first time buyer or I am purchasing a property to replace my main residence.

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

Click here for more information