1 bed flat for sale

Mayer House, Chatham Place, Reading RG1

Luxury Living on the Sixth Floor - This stylish apartment offers approximately 500 square feet of modern living space. Enjoy high-quality finishes in a contemporary design, with stunning North facing views that provide a sense of luxury. The well-serviced apartment block features stylish architecture and entrance halls. Benefits from convenient access to the vibrant town center and mainline station. The property is currently occupied by a tenant until November 2024, making it an attractive investment opportunity.

Additional Information - Financial & Lease Info

Years remaining: 83
Service charge: £2095
Ground rent: 0
Ground rent review period N/A

Additional Information (Part B)

Property construction – Standard form

Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas boiler

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

Additional Information (Part C)

Flooding
We understand the flood risk summary for the area around the property is considered medium risk for surface water flooding, for further information please check the website "long term flood risk"

Parking

The property does not come with any parking

Rental Yield

We believe the current rental value for a furnished let would be 1,300 per calendar month which based on the asking price represents a possible gross rental yield of 7%