Highgrove Street, Reading
32-44 Highgrove Street, Reading, RG1 5EN
- 13
Key features
Guide Price: *
£1,375,000
Fees apply
Buyer's fee:£3,960
Admin fee:£2,400
Legal fee:£7,076.40
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
Opening bid:
£1,375,000Bid history
0 bidsTo be sold by traditional auction is this portfolio of 7 Victorian terraced properties which have been split into 2 x 1 bed flats. Highgrove Street is a popular residential road situated on the outskirts of the University area, convenient for the town centre as well as local amenities and transport links by road and rail. 12 of the properties are let and are producing a gross income of £123,420 pa and the estimated rental income with full occupancy would be in the region of £145,000.
Flat 1 32 Highgrove Street - Vacant and the expected rental is £850 pcm
Flat 2 34 Highgrove Street - Periodic tenancy since 2010
Flat 1 38 Highgrove Street - Vacant following a leak from flat 2
Flat 2 38 Highgrove Street - The tenant has been served Section 21 notice which is due to end on 16th May
Completion to take place within 30 working days from the end of the auction or earlier by mutual agreement
Summary
- Auction end
- 8th May at 11:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 14
- Bathrooms
- 14
- Council tax band
- A
Summary
- Auction end
- 8th May at 11:00
- Property type
- Terraced
- Tenure
- Freehold
- Bedrooms
- 14
- Bathrooms
- 14
- Council tax band
- A
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.
Refreshing the Page
To make sure that you are seeing the latest information for the property, we recommend you refresh the page. This ensures you're seeing live information and not stored (cached) data. If the page disconnects from the Internet, refreshing the page will show the latest information.
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.
