- Investment Opportunity - Rental income: £13,104 pa producing a 6.8% gross yield +
- 2 Bedrooms +
- Living room +
- Separate kitchen with oven & hob +
- Communal gated access to allocated car-port +
- Walking distance to mainline station and town centre +
An investment opportunity within a popular town centre development, this 2 bedroom apartment occupies a first floor position. The apartment is offered for sale with a tenant in situ currently paying £13,104 pa. The property further benefits from communal gated access to an allocated car-port and is ideally positioned for the vibrant town centre with the mainline station and Oracle centre within a short walk. The apartment will appeal to investors who are seeking a well-planned apartment in a central Reading address.
Additional Information: - Parking
The property has an allocated car-port which has communal gated access.
Lease information.
Years remaining: 88 years
Service charge: £1110 per annum
Ground rent: £135 per annum
The vendor will provide on completion an extended lease of 990 years with a ground rent of £135pa reviewed in accordance with the existing lease for the duration of the existing lease, thereafter a peppercorn rent
Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - electric heating
Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (FTTC)
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”
The property is located on the first floor and accessed via a communal staircase.