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Central Reading

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • Marketed by Kiel & Dan **CHECK OUT THE VIDEO TOUR**
  • Tenant in Situ - Currently at £1,350pcm/5.91% NET Yield
  • One Bedroom, Second Floor Apartment
  • No Onward Chain with 245 Year Lease Remaining
  • Concierge & Allocated, Secure Parking Space
  • Central Reading Location Close to Crossrail/Reading Station
  • Awesome Roof Terrace Views, Residents Gym & Lift Access
  • Built-in Appliances
  • Ideal First Time Buy/Investment Given the Ongoing Growth of Reading
  • ..Did I Mention the Roof Terrace?

Description

Sellers view:

"In the short time we have owned the property we have been more than happy with the return it has provided us.

Knowing the area well, we knew it was a sound investment and will continue to be for the foreseeable as the town (feels more like a city) continues to grow. Tenants have never been an issue to secure and the rates are strong due to the location and amenities this apartment block has to offer. From the roof terrace to the gym to the secure parking, there is so much to benefit from here that you won't get for a similar price close by.

We are only selling due to a change in our own circumstances otherwise it would have likely been a lifetime investment to hand down. As it is, we are passing the mantle on and offering somebody else the opportunity to succeed our vision and benefit from the future returns."


Kiel's View:
"Wow! Imagine having a roof terrace over the summer months or at least being able to offer it to tenants out there snapping properties up! Give yourself an unfair advantage regardless of the marketplace..
Entertaining friends, working from home (when it's warmer) or even on fireworks night! And with the gym downstairs there's no excuse for not getting 'summer ready' either.

Close to Reading town centre, this is a great home for those seeking ease of continuous Let as an investment given the growth potential Reading continues to fulfil with little effort and exceptional long-term expectations.
Built-in dishwasher and fridge with ample space in the storage cupboard for the washing machine in addition to the megaflow tank. Finished to a high standard and ready to move into with no onward chain.

You also have access to your allocated, secure parking space with fob access. Oh, and did I mention the roof terrace?.."

Area view:
In close proximity to the property you have access to Reading town centre and The Oracle Shopping Centre, here major stores can be found together with specialist retailers. Reading is known for the annual joint music festivals 'Reading & Leeds Festival' and has a vibrant night life and entertainment scene all year round. 

Reading is also renowned for it's world famous University. When it comes to outdoor space, exercise and relaxation, there are ample long walks or cycle rides along the Thames path that are a perfect way to spend a Sunday. Caversham Lakes, home to prestigious rowing and sailing clubs, are not far away either.
The transformation of Reading continues to make it an ever popular choice for commuters into London. It's less than half an hour into Paddington, one of London's best connected Stations.

Ground Rent £275pa (Jan-Dec 24)
Service Charge £584.39 per quarter (Jan-Mar 24) - £2,337.56pa

**INVESTORS**
£2,612.56 - Annual Cost
£1,350pcm - Rent
£230,000 - Purchase Price
Gross Rental Yield - 7.04%
Net Rental Yield - 5.91%


COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Gated
GARDENA property has access to an outdoor space, which could be private or shared.
Terrace
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Lift access,Wide doorways

Central Reading

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About Avocado Property, Covering South East

Covering South East

Much like a version of how 'real estate' works in the US, the avocado brokerage guarantees that every client will directly work with the business owner. Each partner agent becomes your personal agent and is committed to working with a small exclusive amount of clients.

Our agents conduct the initial valuation, create the bespoke marketing campaign, film your property video, conduct all the viewings, negotiate each offer on your behalf, and personally handle the legal process. Just you and us.

We're a group of fun, passionate people on a mission to create an enjoyable experience all round. If we didn't, we'd be wearing suits and leaflet dropping! Not that there's anything wrong with that, we just happen to know there's a better way!

The impact of this moment in time isn't lost on us, so whether you need us on hand to guide you through your exciting purchase, hold your hand through daunting negotiations or celebrate with you as we hand over your new keys, don't worry, we've got your back.

Your mortgage

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Disclaimer - Property reference VCD_KLH_LFSYCL_699_934307363. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Avocado Property, Covering South East. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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