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Studio flat for sale

Flat 14 Royal Court, King s Road, Reading, Berkshire

Removed £130,000

Property Description

Key features

  • For sale by auction
  • Investment Flat
  • Bathrooms: 1
  • Reception Rooms: 1

Full description

Tenure: Leasehold

Lot 106 - This lot is for sale by auction as lot 106 on Thursday 19th July 2018.

A Leasehold Self-Contained Purpose Built Third Floor Flat subject to an Assured Shorthold Tenancy


Current Gross Rent Reserved


£7,800 per annum (equivalent)


Tenure
Leasehold. The property is held on a lease for a term of 125 years (less 2 days) from 14th February 1986 (thus having approximately 93 years unexpired) at a current ground rent of £65 per annum.

Location
The property is located on the west side of King's Road, to the north of its junction with Kennett Street. Local shops and amenities are available on King's Road, with more extensive shopping facilities being accessible in The Oracle Shopping Centre to the west. Reading Rail Station is approximately 0.6 miles to the north-west, providing frequent direct services to London. The nearby A329 leads directly to the A33 and to Junction 11 of the M4 Motorway. The open spaces of Kings Meadow and Forbury Gardens and Abbey Ruins are nearby.

Description
The property comprises a self-contained third floor flat situated within a purpose built block arranged over ground and four upper floors.

Accommodation
The property was not internally inspected by Allsop. The following information was obtained from the Vendor. We are informed that the property providesThird Floor - Studio Accommodation

Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 12 months from 1st April 2018 at a current rent of £650 per calendar month.

To View
The property will be open for viewing on Tuesday 17th July between 5.15 - 5.45 p.m. These are open viewing times with no need to register.

Seller's Solicitor

Messrs Kidd Rapinet (Ref GK). Tel 01494 535321.Email gkapoor@kiddrapinet.co.uk

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.


Listing History

Added on Rightmove:
29 June 2018

Map & Street View

Disclaimer - Property reference 1062000113. 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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