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5 Westcote Road, Reading, Berkshire, RG30

PROPERTY TYPE

Block of Apartments

BEDROOMS

14

SIZE

5,242 sq ft

487 sq m

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

Freehold

Key features

  • Comprises residential block of 8 apartments
  • Each apartment benefits from 1 parking space
  • New-build in 2019 to a high standard
  • Includes a 10-year building warranty
  • Benefits from secure gated car park and rear garden

Description

Investment Consideration:
Gross Initial Yield: 4.77%
Rental Income: £114,540 p.a.
VAT is NOT applicable to this property
Comprises residential block of 8 apartments
Total GIA: 487 sq m (5,242 sq ft)
Each apartment benefits from 1 parking space
New-build in 2019 to a high standard
Includes a 10-year building warranty
Benefits from secure gated car park and rear garden
Situated on a quiet residential street, within 0.6 miles from Reading West train station and a large Tesco Extra, while Reading town centre is only 5 min drive away.
Reading train station provides direct services to London Paddington, with journey taking approx. 35 minutes.

Property Description:
Comprises three-storey purpose build residential block of 8 apartments (6 x 2-Bed and 2 x 1-Bed) on a plot of 0.24 acres. The property benefits from gated access and 8 car parking spaces at front and a garden at rear, providing the following accommodation and dimensions:
Ground Floor:
Apartment 1 - 68 sq m (732 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Apartment 2 - 68 sq m (732 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Apartment 3 - 59 sq m (635 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
First Floor:
Apartment 4 - 68 sq m (732 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Apartment 5 - 68 sq m (732 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Apartment 6 - 58 sq m (624 sq ft)
2 Bedrooms, kitchen/living room, 2 bathrooms
Second Floor:
Apartment 7 - 50 sq m (538 sq ft)
1 Bedroom, kitchen/living room, bathroom
Apartment 8 - 48 sq m (517 sq ft)
1 Bedroom, kitchen/living room, bathroom

Finishing Touches
Contemporary branded kitchens
Bosch appliances and quartz worktops
Branded electrical fittings to the kitchen/living/dining room, hall and bedrooms
Integrated fridge freezer and dishwasher
TV points to living area and bedrooms
Ceramic bathroom wall tiles
Steel bath with matching panel
Heated towel rail and shaver point

Tenancy:
Apartment 1 is at present let on AST to an Individual for a term of 12 months from 12th March 2021 at a current rent of £15,000 p.a. Deposit held of £1,442.32.
Apartment 2 is at present let on AST to an Individual for a term of 12 months from 10th July 2020 at a current rent of £13,800 p.a. Deposit held of £1,326.92.
Apartment 3 is at present let on AST to an Individual for a term of 12 months from 20th July 2022 at a current rent of £15,540 p.a. Deposit held of £1,494.23.
Apartment 4 is at present let on AST to an Individual for a term of 12 months from 5th October 2020 at a current rent of £13,200 p.a. Deposit held of £1,269.23.
Apartment 5 is at present let on AST to an Individual for a term of 12 months from 21st April 2023 at a current rent of £17,400 p.a. Deposit held of £1,673.07.
Apartment 6 is at present let on AST to an Individual for a term of 12 months from 24th June 2021 at a current rent of £13,200 p.a. Deposit held of £1,269.23.
Apartment 7 is at present let on AST to an Individual for a term of 12 months from 16th October 2021 at a current rent of £12,600 p.a. Deposit held of £1,211.54.
Apartment 8 is at present let on AST to an Individual for a term of 12 months from 23rd August 2019 at a current rent of £13,800 p.a. Deposit held of £1,326.92.

Location:
With excellent rail and motorway links to London and Heathrow Airport, Reading has attracted many international companies, particularly in the technology sector, which continues to expand. The highly rated University of Reading is close to the city centre and some of the best grammar schools and private school in the country are nearby. It is also the home of Reading (Championship League) Football Club. A short distance from Westcote House you will discover, in the centre of Reading, the superb canal side Oracle Shopping Centre, the Vue Cinema and many top restaurants and entertainment venues. The River Thames flows the fringes of the centre with riverside parks and boating activities. Within the locality the historic towns of Oxford, Windsor and Henley on Thames are attractive destinations within easy reach. The property is situated on a quiet residential street, within 0.6 miles from Reading West train station and a large Tesco Extra, while Reading town centre is only 5 min drive away.

Brochures

Property Particulars
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

5 Westcote Road, Reading, Berkshire, RG30

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About Blue Alpine, London

54 Welbeck Street, London W1G 9XS

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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Disclaimer - Property reference westcotehouse. 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 Blue Alpine, London. 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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