995/995A Oxford Road, Reading, Berkshire, RG31 6TL
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
9
- SIZE
2,319 sq ft
215 sq m
- TENUREDescribes 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
- Newly Developed
- 4 x Ensuite HMO & 5 x C3 apartments
- 1,781 SqFt (NSA)
- Current Income - £96,900 per annum
- Communal Garden
- 7 Car Parking Spaces
Description
* Opportunity to acquire a high yielding (9.5%), detached, newly developed residential investment opportunity comprising 4 x ensuite HMO rooms on the ground floor and 5 x use class C3 apartments.
LOCATION
* The property is located on Oxford Road, Tilehurst and is within a 2-minute walk from Tilehurst railway station, providing direct services to London Paddington.
DESCRIPTION
* The existing property comprises a detached, newly redeveloped building comprising 4 x ensuite HMO rooms and 5 x use class C3 apartments arranged from ground to second floor.
* The HMO units are arranged on the ground floor, extending to a total area of approximately 490 sqft NSA, with a communal kitchen extending to 140 sqft.
* There are 5 apartments, let on AST's, arranged from ground to second floor, extending to a total area of approximately 1,292 sqft NSA.
* The property extends to a total area of approximately 1,781 sqft NSA (2,319 sqft GIA).
* The property is fully let and generates a combined rental income of £96,900 per annum, reflecting an initial yield of 9.23% at the purchase price.
* There is scope to increase the rents to £99,540 per annum, reflecting an initial yield of 9.48% at the purchase price.
* The property has been converted from a residential dwelling.
* The rear of the property comprises a communal garden for the use of all residents of 995 & 995a Oxford Road.
* We have also been advised that there is a provision of 7 car parking spaces to the front of the property.
TERMS
* The property is not elected for VAT.
* The property is available freehold.
Brochures
Brochure 1- 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.
- Ask agent
- 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.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
995/995A Oxford Road, Reading, Berkshire, RG31 6TL
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