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Oxford Road, Reading£350,000Sold
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Oxford Road, Reading
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  • 1 Bedroom
  • 1 Reception
  • 1 Bathroom
  • Auction
  • Character Property
  • Close to bus routes
  • Close to the shops
  • Renovation opportunity
Details

FOR SALE BY PUBLIC AUCTION (unless previously sold)

on Thursday 19 April 2018 at 2:30 pm

at Sonning Golf Club Duffield Road Sonning Reading RG4 6GJ

 DESCRIPTION/LOCATION: We are offering for sale four properties as a Single Lot (347/347A/349/349A Oxford Road). The property comprises 2 independent vacant retail units and 2 flats with a shared access from Oxford Road, each one having its own front door – in every sense 4 independent properties. This part of Oxford Road has always been a busy community with shops, cafes and restaurants served by the many hundreds of terraced houses within a short walk – many of these terraced houses have been divided to provide accommodation for a number of tenants with some occupied as HMOs.

 Regular bus services pass in front of the property en route to Reading Town Centre or for the more athletic a 2 miles approximately walk will lead to the busy commercial centre of Reading. Nearby is Reading West railway station whilst the mainline station is about 2.5 miles in Reading Town Centre.

 Competitive price guide – less than £90,000 per property.

 ACCOMMODATION: The accommodation briefly comprises (all dimensions are approximate):

No 347 – the Retail Unit

Frontage 2.75m widening to 3.06m x 8.13m deep

Beyond the retail area is a lobby giving access to a storage area, kitchen and WC, and a door to the rear garden. About 38.35 sq m (GIA).

 

No 347A – the First Floor Flat

Approached via a shared corridor/hallway with direct pedestrian access from Oxford Road.

Landing, Front Reception Room (4.14m x 3.53m), Bedroom (3.53m x 3.15m), Kitchen very basic (2.53m x 2.26m), leading to Shower Room with shower cubicle, wash basin and WC.

No 349 – the Retail Unit

Similar to the adjoining property but with a floor area of 43.11sq m (GIA).

 

 

 

No 349A – the First Floor Flat

Initially with shared access from Oxford Road with private front door leading to:

Landing, Front Reception Room (4.10m x 3.56m), Bedroom (3.09m x 3.59m), Kitchen (2.45m x 2.22), leading to Shower Room/Bathroom.

 Outside:

There is some garden to the rear as detailed more particularly within the Land Registry documentation. 

SERVICES: All mains services are available.                      EER: tbc

 RATEABLE VALUE / COUNCIL TAX:       No 347 Rateable Value £5,500                 No 347A Council Tax Band A

                                                                               No 349 Rateable Value £7,300                 No 349A Council Tax Band A

 

TENURE: The property is Freehold.  The 2 Flats are currently let, in each case we understand with a passing rent of £650 pcm.

 LOCAL AUTHORITY: Reading Borough Council, Civic Centre, Reading RG1 7ER. Telephone 0118 939 0900.

 PLANNING: We have researched the online planning portal of Reading Borough Council. There are no planning applications listed against any of these properties after 1997. Confirmation or otherwise will be provided within the local authority search.

 VIEWING: We shall be pleased to show prospective purchasers around the property on the following occasions:

 Tue 20 Mar 3.30pm / Tue 27 Mar 3.30pm / Sat 07 Apr 12.30pm / Fri 13 Apr 12.00pm / Tue 17 Apr 3.30pm

NB We shall arrive at the times given above and leave 30 minutes later for another appointment. It is therefore appropriate for any interested parties to also arrive at the time specified.

 THE CONDITIONS OF SALE: are included in the Legal and Information Pack available from the Auctioneers prior to the Auction Sale and online at www.martinpole.co.uk. A copy of the Conditions of Sale will be attached to these Particulars to form part of the Contract.

 * Property Auctioneers are required by the ASA to explain to prospective buyers the definitions of Price Guide  and Reserve. The Reserve is the minimum price set by the seller at which the auctioneer can sell the property. The reserve can be set and agreed at any point up to the start of the auction or indeed can be changed during the auction. The reserve can be lower than the guide price, the same as the guide price or up to 10% above the guide price. In accordance with ASA guidelines the guide price can be changed at any time up to and including the day of the auction sale. If the guide price is changed we will endeavour to advertise the new guide price at the earliest opportunity. A list of final guide prices will be published in the auction room immediately prior to the sale. This may be the first opportunity to publish changes.

IMPORTANT NOTICES

Identification of the Buyer

To accord with the Money Laundering Regulations 2003 and the Proceeds of Crime Act 2002:

No later than the date of the auction when the Memorandum of Agreement of the sale and purchase is to be signed we are required to see and keep copies of documentary evidence of the Buyer's identity and address. If you intend to bid please contact us for further information of the documents required to be produced (full details of which are also given in the Information Pack available for intending Buyers) or if you prefer to register beforehand.

Buyer’s Fee

A charge of £500 (plus VAT), payable only by the successful Buyer, will be due to the Auctioneers, Martin & Pole, upon signature of the Memorandum of Agreement of the sale and purchase. An appropriate VAT receipted invoice will be issued immediately after the day of the auction sale

Signing the Memorandum, Payment of the Deposit and Buyer’s Fee

The Buyer(s) will be required to sign Memorandum of Agreement attached to these Particulars, to pay the Deposit and Buyer’s Fee immediately after the fall of the hammer.   Payment of the deposit will only be accepted if made by cheque or bankers draft drawn on the account of the named Buyer and drawn on a UK clearing bank.

Property Details

We have endeavoured diligently to ensure the details of this property are accurate. We have not tested the services, appliances or fittings (if any) referred to in the details.

We recommend that each of the statements is verified and the condition of the property and of the services, appliances and fittings (if any) is investigated by you or your advisers before you finalise your offer to purchase, bid for the property or enter into a contractual commitment.

 

Stipulations

The property is sold with all faults and defects whether of condition or otherwise and neither the Seller nor the Agents of the Seller are responsible for any faults or defects or for any statements contained in the Particulars of the property prepared by the Agents.

The Buyer hereby acknowledges that he has not entered into this Contract in reliance on any of the said statements and he has satisfied himself as to the correctness of each of the said statements by inspection or otherwise and that no warranty or representation has been made by the Seller or the said Agents in relation to or in connection with the property.