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