Postponed till our next auction on Thursday 14th July 2022

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An very well presented 1 bedroom retirement apartment (516 sq.ft. - source EPC) in a favoured development close to Reading town centre. Currently let on an Assured Shorthold Tenancy at £850 per calendar month

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Description/Location

A first floor 1 bedroom apartment with a 22' living room and double bedroom in this popular development with on site mangers office and laundry facilities. Let on an Assured Shorthold Tenancy for a period of 12 months at £850 per calendar month commencing on 31/03/2022. We understand that the property can be purchased by anyone under 60 years of age but the occupants must be 60 years of age or above. The last 3 sale prices for flats in this development range between £171,800 and £207,000 (source NethousePrices)

Tenure

Leasehold
EPC rating B

Viewing

Please contact WhiteKnights Network Auctions on 0118 334 7410

Accommodation

First floor: Entrance hall, large storage cupboard, 22' living room with Juliette balcony, kitchen, double bedroom, bathroom Outside: Well maintained communal gardens, off road parking

Rent

Current rent £10,200 per annum

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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.