Castle Street, Reading, Berkshire, RG1

An opportunity to acquire a freehold investment consisting of four high specification apartments in this period conversion of a former artist studio in Reading Town Centre. Each apartment is fully self-contained with their own utility and council tax accounts and currently let on Assured Shorthold Tenancies to good quality tenants generating an annual income of £50,400. There are two 1 bedroom and two 2 bedroom apartments finished to the highest of standards and available fully furnished. Apartments 1 and 2 are both one bedrooms. Number 1 is approximately 336 sq. ft. (31sq. mtrs.) is on the ground floor and has its own terrace garden, and ample storage. Number 2 is approximately 480 sq. ft. (38 sq. mtrs.) and is on the first floor with a generous open plan living space with feature Velux style windows and a built in breakfast bar. Apartment 3 at 830 sq. ft. (77sq. mtrs.) is the largest is split level with an open plan reception room/kitchen, bedroom and bathroom on the first floor and a second bedroom and large landing on the second floor. Apartment 4 is also split level and approximately 708sq. ft. (66sq. mtrs.) with a living room, double bedroom and a bathroom on the ground floor and kitchen/diner, bedroom and en-suite bathroom in the basement. There is also access to a private terrace garden from both bedrooms. Each apartment is complete with high spec. fitted kitchens and contemporary bathrooms with quality fittings. These well presented and unique apartments are conveniently located a short walk from Reading Station with its direct links to London Paddington in just over 20 minutes and on London’s tube network with the Elizabeth Line. This is truly a rare opportunity for someone to take on this freehold block which is in excellent order throughout and available as a going concern with excellent fully referenced professional tenants in situ all secured on Assured Shorthold Tenancy Agreements.

Location:
Castle Street runs West from Reading Town Centre into the A4, Bath Road. Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.