Map1 bedroom apartment
Key information
Features and description
- Long leasehold residential investment
- One bedroom apartment
- On-site parking space
- Modern, purpose-built block
- Close to town centre
- Producing £16,200 per annum (annual equivalent rent)
- Guide price reflects a gross yield of 11.17%
The property comprises a one bedroom apartment situated on the first floor of a modern, purpose-built block. The apartment is arranged as an open plan living room/diner, kitchen, one bedroom and a bathroom/WC and benefits from a Juliet balcony. The flat benefits from an on-site parking space, entry phone system and residents' passenger lift.
Location:
Reading is a principal town in the Thames Valley lying approximately 40 miles west of London and 25 miles south east of Oxford. It is situated just to the north of the M4 motorway, from which it can be accessed via junctions 11 and 12. Reading railway station is a major rail hub providing regional and national rail links including direct services to London Paddington via GWR and the recently opened Elizabeth Line (Crossrail). Numerous bus services serve the area and London Heathrow Airport lies approximately 25 miles to the west.
Iliffe Close is runs east from Southampton Street just to the south of the town centre. The Oracle Shopping Centre is within a short walkiing distance providing numerous retail and leisure facilities.
Tenancy:
Let on an Assured Shorthold Tenancy for a period of 6 months from 11/05/2024 at a rent of £8,100 for the term of tenancy based on a rent of £1,350 per calendar month. This was a tenancy renewal and the rent has been paid in advance. The balance will be apportioned to the purchaser on completion. A rent depositi of £1,148.08 is held.
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