Drake Way, Reading, RG2

This two-bedroom, two-bathroom apartment is located on the top floor of this purpose-built block in the sought-after Kennet Island development. The property offers an extremely spacious lounge area, a fitted kitchen, and two great-sized bedrooms with an en-suite to the main bedroom and a communal bathroom with a shower over the bath. There is allocated parking with the property.

It is heated by a gas-fired central heating system and the property is fully double-glazed.

Kennet Island features a central Plaza with a café and convenience stores as well as is situated close to the Green Park Development, M4 and A33. There are also frequent transport links to the Reading Town Centre & Station, making this apartment appealing for owner occupiers as well as investors. Also within close proximity to the property are supermarkets such as Aldi, Morrisons & Costco which are all within both walking and driving distance.

Communal Areas - Kennet Island features well-kept landscaped communal grounds with a number of park areas with seating for shared use and a series of wetlands and ponds. There is also access to Reading Town Centre via the Kennet Valley path.

Service charge - £1,800 Lease term - 999 years from 1 January 2006 Ground rent - £684 EPC band: C Material information: The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Being Sold by YOPA Online Auction Starting Bids from £240,000. Buy it now option available.  Please call or visit YOPA Online Auctions for more information.

YOPA Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. YOPA also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

If you request a viewing of this property or make an offer, then you agree that your personal information (name and contact details) will be shared with  GOTO Auctions (YOPA’s Online Auction partner) to enable them to ensure that you understand the auction process.
To book a viewing visit YOPA.

Auctioneer's Comments:

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on
this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.
Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6,600 including VAT plus an administration charge of £372 including VAT, a total of £6972. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

EPC band: C

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.