- Investment Opportunity +
- Licensed 6 bedroom HMO all with en suites +
- High standard of presentation throughout +
- Walking distance of Reading West and mainline stations +
- Close to local amenities +
- Currently achieving a 10.9% gross yield +
An opportunity to acquire a well-maintained investment property on the outskirts of the town centre and close to Reading West station. The 6 bedroom licensed HMO features en suites to each room alongside a modern fitted kitchen and a utility area. The property has been upgraded to a high standard and is currently achieving a gross income of £54,660. Ideally positioned for the mainline station and local bus routes with local amenities within walking distance, the property will appeal to investors seeking a going concern with a proven rental history.
Garden - The garden is low maintenance with a paved patio and slate chippings with pedestrian side gate access to the front.
Additional Information: - Parking
There is no parking available at the property.
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check reading.gov.uk "permit charges"
Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - gas central heating
Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)
Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”
Rental Income
The landlord pays the council tax and for all utilities (gas, water and electricity) and with full occupancy receives an annual rental income of £54,660.