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MapStudio for sale
Foley Hall, London Road, Reading, Berkshire, RG1
Featured
Auction
Cash buyers only
Reduced
Studio
139
Key information
Tenure: Leasehold | 108 yrs left
Council tax: Ask agent
Broadband: Super-fast 49Mbps *
Mobile signal:
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Features and description
- Leasehold Term 125 years from 01/01/2008
- For Sale By Online Auction
- 6 Weeks Completion
- Close to Royal Berkshire Hospital
- 107 year lease
- Gross Rental yield 12%
- Vacant leasehold
To be sold by online auction (unconditional) on Wednesday 17th December 2025 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Property Details
A vacant top floor studio apartment, located in a popular residential area close to the town centre, Reading University and Royal Berkshire Hospital. Estimated monthly rental in the region of £750pcm, equivalent to a 12% gross yield per annum. Cash buyers only.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years from 1 January 2008 - 107 years remaining.
Ground rent and service charge
Please see legal pack for further details.
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
Property Details
A vacant top floor studio apartment, located in a popular residential area close to the town centre, Reading University and Royal Berkshire Hospital. Estimated monthly rental in the region of £750pcm, equivalent to a 12% gross yield per annum. Cash buyers only.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with vacant possession
Lease
125 years from 1 January 2008 - 107 years remaining.
Ground rent and service charge
Please see legal pack for further details.
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Additional fees
A buyers charge of £1,500 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Deposit
If you are the highest bidder when the auction ends, contracts are exchanged between you and the seller. Both parties are legally bound to complete the transaction as per the special conditions in the legal pack. Your card will be automatically debited for the bidder security amount of £6,000 and we'll require the remaining balance for a 10% non-refundable deposit. We will contact you after the auction has finished to make these arrangements.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.
About this agent
Chancellors estate and lettings agents opened its Reading office back in 2013. We offer a range of exceptional services to buyers, tenants, sellers and landlords. Over the years, we have developed a reputation for our professionalism, diligence and outstanding customer service. Our Reading branch occupies a prime position on the corner of Market Place and Butter Place, close to the train station and the Oracle shopping centre. Our branch is open from Monday to Saturday if you would like to have a chat with us and see the properties, flats and properties to let we have available in Reading and the surrounding areas. We are available to take your calls from 8:30am to 8:00 pm Monday to Friday, and 10am to 3:00pm on Saturdays. Alternatively, you can email us, and we will get back to you as soon as possible. What we can offer to you: Free, no-obligation market appraisals An extensive portfolio of residential and commercial properties Land and new homes Property management support Student lettings Expert investment and market advice Benefit from experienced estate agents in Reading who have an intimate knowledge of the local area.