For Sale1 Bedroom Flat in Hanover House, 202 Kings Road, Reading, Berkshire, RG1£180,000

Hanover House, 202 Kings Road, Reading, Berkshire, RG1

1 Bedroom Flat for sale
£180,000
Property Type
Flat
Bedrooms
× 1
Bathrooms
× 1
Receptions
× 1
Tenure
Share of freehold
Price
£180,000
Stage
Under Offer

Key Features

  • Investment opportunity
  • Generating £13,800 per annum rental income
  • 7.5%+ rental yield
  • 'turn key' investment with tenant in situ.
  • Fourth floor with lift
  • Open plan living area
  • Allocated parking space
  • Council tax band b
  • Service charge £2160
  • Zero ground rent
  • 117 year lease reverting to 999 years

Resources

Description

An exciting investment opportunity to purchase a contemporary fifth floor one bedroom apartment with a tenant in situ and rental yield in excess of 7.5%. The property is being sold with a tenant in situ paying £1150 a month and will make an excellent 'turn-key' investment. Located a short distance from Reading train station and Royal Berkshire Hospital Hanover House was converted from a former office block in 2016 and offers the buyer an excellent long term investment with a superb rental return. The property comprises an open plan living area and kitchen with a full range of integrated appliances, a double bedroom and bathroom. The property further benefits from lift access, an allocated off road parking space and is sold as a share of freehold with no ground rent.

Hanover House, 202 Kings Road, Reading, Berkshire, RG1 on Map