Flat for sale in Warwick Road, Reading RG2

Summary

Sellers view:

"The flat is in a good location overlooking the park with good connections to bus services/local shops. It also has its own secure gated parking and a lift within the building if required.

Although you are living independently, the manager of the building lives on site, she is so helpful and approachable if needed. You don't feel you are entirely on your own if you need help with anything.

It's a lovely place to live and highly regarded by the residents who are very happy there."

Kiel's View:

"A McCarthy Stone development of 43 independent apartments constructed circa 2006 with resident management staff and Caroline alarm service in addition to lift, communal grounds, parking and wonderful views over Cintra Park!

The home is currently tenanted and for an investor it would be ideal as staying would be a preferred option if available. Current rental figure is 800-850pcm.

With lift access, communal grounds and ease of access into Reading as well as a Post Office within 0.75 miles and guest facilities, this could be an ideal home in Reading for someone over 60 looking to downsize and take the next step.

Regular Social activities include: Coffee morning, fish & chip supper, and birthday teas. New residents accepted from 60 years of age. Both cats & dogs generally accepted (subject to terms of lease and landlord permission)."

Over 60`s accommodation
Communal gardens
Lift access
Allocated parking space
Stunning views over a park

Area view:

Distances:
Bus stop 700 yards;
Shop 0.75 mile(s)
Post Office 1 mile(s)
Town centre 2 mile(s)
gp 1 mile(s)
Social centre 1 mile(s)

Misc

Rental - 800-850pcm
Lease Start Date - 11/09/2006
Lease End Date - 01/11/2131
Lease Term- 125 Years From 1 November 2006
Lease Term Remaining- 107 years

For sale through Pattinson Auction under Conditional Terms

Council Tax Band: D
Tenure: Leasehold
Length Of Lease: 108
Annual Ground Rent Amount: 394.00
Annual Service Charge Amount: 3,551.00

For sale through Pattinson Auction under Conditional Terms.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). 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 it necessary or beneficial to the customer to pass your 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.