Kings Road, Reading
280 Kings Road, Reading, RG1 4HP
- 1
Key features
Guide Price: *
£465,000
Fees apply
Buyer's fee:£3,960
All fees include VAT at 20%
Holding Deposit: *£1,040
*Only charged if you are the successful buyer and goes towards the purchase price
Auction Type:
Traditional
Sold for:
£465,000Bid history
1 bidS
26/09/2024 14:11:23 - £465,000
An investment opportunity situated in a prime town centre location, ideal for both proximity to the train station and within walking distance Reading College. A substantial four storey townhouse which is currently let as an unlicenced HMO. Offered for sale with tenants in situ and we are informed produces a gross annual rental income of approximately £34,000.
Parking On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges" Property construction – Standard form Services: Gas - mains Water – mains Drainage – mains Electricity - mains Heating - Gas central heating 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 landlords run the property as an unlicensed HMO. Apart from the basement studio the tenants have shared use of the building, all utilities are paid by the landlord and included in the rent: Basement studio flat - £1000 per month Room 1 - Living space Room 2 - Empty Room 3 - £550 per month Room 4 - £650 per month Room 5 -£600 per month
The Buyer will be responsible for building insurance on exchange.
The Buyer is aware that the property is being sold with tenants in situ, the rental amounts and bills may change between exchange and completion.
The Vendors will continue receiving the rent payments until completion.
Once exchanged there is no renegotiation on price or any other matter.
The vendor agrees for there to be a gap of 6 weeks between exchange & completion.
The Vendor agrees to not request reimbursement of £205.80 for the searches.
Summary
- Auction end
- 26th Sep at 14:32
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 3
- Council tax band
- C
Summary
- Auction end
- 26th Sep at 14:32
- Property type
- Other
- Tenure
- Freehold
- Bedrooms
- 5
- Bathrooms
- 3
- Council tax band
- C
This property is being sold by:
Haslams
01189601000
159 Friar Street Reading RG1 1HE
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Auctions and Haslams shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Haslams. All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Auctions or any individual in employment with Bamboo Auctions makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.