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Land for sale

Waylen Street, Reading, Berkshire

Guide Price* £22,000

Property Description

Key features

  • FOR SALE
  • Ground rent investment
  • Freehold of a single building
  • Building comprises 4 flats
  • Good access to town
  • Initial gross yield 4.54%

Full description

Tenure: Freehold



FOR SALE BY AUCTION - GROUND RENT INVESTMENT. A freehold building converted in 2013 comprising four apartments sold on a 125 year leases from 1st July 2013 with a commencing ground rent of £250 per annum per flat and review periods every 25 years. Initial gross yield 4.54%


LOCATION 
* Town centre location * Mainline rail service to London Waterloo and Paddington * M4 access at junctions 10 & 11

DESCRIPTION 
* Freehold ground rent of 4 flats * Each flat has been sold with the benefit of 125 year lease from 1st July 2013 * Commencing ground rent of £250 per annum per flat * Ground rent review due 1st July 2038 and every 25 years thereafter * Initial gross yield 4.54%

PLEASE NOTE 
We understand the Section 5B notice has been served and expired and the Lessees have not reserved the right to buy.

TENURE 
Freehold

LOCAL AUTHORITY 
Reading Borough Council - 0118 937 3787

LEGAL PACK 
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive this information, a link to the Legal Pack will be available on our website www.romans.co.uk from Friday 1st September.

GUIDE PRICES 
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. Each property will be offered subject to a Reserve. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. The Reserve will normally be set at or below the guide price. It is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may set the final reserve price just before bidding commences. Lots may be sold or withdrawn prior to auction. Please check regularly for updates.

ADDITIONAL FEES 
A buyers charge is payable on each lot that you buy in addition to the sale price. Other non-optional fees may apply to certain lots. Please refer to the Special Conditions in the Legal Pack for the lot that you are bidding on for further information.

Listing History

Added on Rightmove:
06 November 2017

Nearest stations

  • Reading West (0.4 mi)
  • Reading (0.5 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Romans, Commercial

Crowthorne House Nine Mile Ride, RG40 3GZ

0118 453 0344 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Reading West (0.4 mi)
  • Reading (0.5 mi)
  • Tilehurst (2.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Romans, Commercial

Crowthorne House Nine Mile Ride, RG40 3GZ

0118 453 0344 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference AUC160086. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Romans, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of 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.

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Romans, Commercial on 0800 781 0745.


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