Apartment
DRAFT DETAILS. Awaiting approval.
A one bedroom apartment within Swallowfield Park, a popular estate in Reading
Situated within the beautiful country estate of Swallowfield Park within a Grade II listed building, surrounded by 24 acres of grounds including picturesque lakes, lawns and mature woodland is this one bedroom apartment. The property is located less than one mile from the town centre and just six miles from the city of Reading. All necessary amenities and services can be found nearby including shopping facilities, transport links and a number of popular pubs, bars and eateries.
Residents of Swallowfield Park are free to use the wonderful communal reception rooms including the Drawing Room, Library or Dining Hall. Residents can also use the laundry room, catering kitchen and post room. These facilities, together with the upkeep of the grounds, buildings insurance and communal cleaning, are included in the service charge.
There is ample parking within the estate and the right to park.
Buyers are specifically referred to special conditions 20 to 27 in the Auction Contract in relation to the leasehold element. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Living Room, Dining Room, Kitchen, Bedroom, Bathroom with WC and Separate WC.
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Length of lease: 125 years from 1.1.2007. Current ground rent: TBC. Ground rent review period: TBC. Current service charge: TBC. Service charge review period: TBC. This information should be clarified in the legal pack and we’ll update the information above when we receive it.
Leasehold. Vacant possession upon completion.
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Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
