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Residential Development for sale

1-5 Webb s Close, Reading, Berkshire

Removed £850,000

Property Description

Key features

  • For sale by auction
  • Residential Development

Full description

Tenure: Freehold

Lot 43 - This lot is for sale by auction as lot 43 on Thursday 19th July 2018.

A Freehold Terrace of Five Bungalows occupying a Site extending to Approximately 0.133 Hectares (0.330 Acres)

- Possible potential for Extension of existing to form 5 x Four Bedroom Houses or Demolition of Existing Dwellings and Redevelopment of Site subject to obtaining all necessary consents
- Pre application submitted
- Four Bungalows subject to Assured Shorthold Tenancies
- One Bungalow Vacant
- Total Current Rent Reserved

£34,020 per annum (equivalent) from four bungalows, with one bungalow vacant


Tenure
Freehold.

Location
The property is situated on the north side of Berkeley Avenue (A4), almost opposite its junction with Shaw Road. The local and extensive shopping facilities of Reading town centre and specifically The Oracle Shopping Mall are to the north-east. The open green spaces of Coley Recreation Ground are within walking distance to the south. Reading West Rail Station is within close proximity to the north. The nearby A33 provides access to the M4 and in turn the M25 orbital motorway.

Description
The property comprises a broadly rectangular site extending to approximately 0.133 hectares (0.330 acres). The site is currently occupied by a terrace of five bungalows. The property benefits from off-street parking to the front.

Accommodation
The property was not internally inspected by Allsop. The following information was provided by the Vendor. We are informed that the property provides5 x One Bedroom BungalowsSite Area Approximately 0.133 Hectares (0.330 Acres)

Tenancy
A schedule of tenancies is set out below

Planning
Local Planning Authority Reading Borough Council. Tel 0118 937 3787 A pre-application (Ref 180934) has been submitted for alteration of existing terrace providing an increase to 5 x four bedroom family houses'. A response from the council is anticipated on or around 6th July 2018.

Seller's Solicitor

Messrs Thompson Leatherdale (Ref NH). Tel 0118 956 5658. Email nhunt@thompsonleatherdale.co.uk

To View
The property will be open for viewing every Monday and Wednesday before the Auction between 9.00 - 9.30 a.m. These are open viewing times with no need to register. (Ref MW).

Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. 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. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'TBA', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at www.auction.co.uk. Please check regularly for updates. Lots may be sold or withdrawn prior to auction.


Map & Street View

Disclaimer - Property reference 1062000049. 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 Allsop , Auction. 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 Allsop , Auction on 0207 494 3686.


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