1 bed flat for sale

Oxford Road, Reading RG1

Hunters Reading are pleased to welcome this spacious one bedroom apartment located within 0.6 miles of Reading Station & Town Centre. The apartment is made up of a spacious open plan/kitchen lounge, fitted bathroom and double bedroom with storage. Within close proximity there are local shops, bus links and amenities. The property is ideal for either owner occupier.

The property is currently achieving a rental income of £10,800 per annum which is a 9.8% return on investment. The rent will increase to £12,300 per annum which is an 11.18% return on investment

Lease length - 125 years from 1st Jan 2014

Ground rent - £100 per annum

Service charge - £2,482.56

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £110,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.