2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (113 years remaining)
- Investment Opportunity for sale by unconditional auction
- Contemporary styled apartment with potential gross yield of 10.7%*
- 2 Bedrooms, principle with en suite
- Open plan living room with well equipped kitchen area
- Allocated parking space in undercroft car park; Lift; Entry system
- Walking distance to amenities and Reading West station
Communal Grounds - The development features well-kept communal grounds for shared use with a central park with a children's play area.
Additional Information: - Parking
The property has an allocated space in the undercroft car park numbered 269.
Lease information:
Years remaining: 113 years
Service charge: 4461.66
Ground rent: 400.00
Ground rent review period: Every 15 years, in line with RPI, next review 2027
Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - communal heating system and heating is controlled in flat.
Billed by Billing Agent (Data Energy) quarterly from meter readings and paid to Remus Energy supplier
is appointed by Remus.
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”
The current seller of this property is not a qualified leaseholder under the building safety act, for further details please contact the office.
The property is located on the second floor and accessed via a lift.
Rental Yield - * The current rental on a furnished basis is £1425 per calendar month which based on the asking price represents a possible gross rental yield of 10.7%
Auction - For Sale Via Haslams Online Auction powered by Bamboo Auctions.
Auction end date and time: 1pm on 5th November 2024
The auction will be exclusively available online via our website including the legal pack information when we receive the required information.
The registration process is extremely simple and free. Please visit Haslams website: and click on the 'online auction' tab
A 'register' button can be found on this page or by clicking into the individual listing.
Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the 'dashboard' button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!
Guide price(s) are an indication of the seller's expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within the guide range.
A legal pack and special conditions are available to download to anyone who has registered. It is the purchaser's responsibility to make all necessary legal and financial enquiries prior to placing any bids.
Some Vendors may consider offers prior to the auction. These offers can only be submitted via Haslams and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.
Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.
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*DISCLAIMER
Property reference 33435710. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Haslams Estate Agents - Reading.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 9, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 9, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 28, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.