Withdrawn prior to auction

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A long leasehold studio apartment situated on the 3rd floor of this well located block, let on an AST producing £8340 pa.

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Description/Location

Ideally situated for the town centre and station the flat is let on an AST (periodic) producing £656 pcm; notice was served to increase the rent to £695pcm from 01/05/21.

Tenure

Leasehold: 900+ years unexpired.

Local Authority

Reading Borough Council

Viewing

Please contact Elliott Network Auctions on 01923 240420

Accommodation

Third Floor: Entrance lobby, large open plan studio space with kitchen area, shower room.

Rent

Current Rent: £8340 pa

Virtual Tour

Virtual Tour 11 Clevedon Lodge

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*Guide Price & Reserves

Generally speaking 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. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.