Block of flats for sale

Backsideans, Wargrave, Reading RG10

Strapline

Auction Sale - 17/03/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -

Of interest to investors - First time on the market and within the same ownership for over 40 years, a freehold residential investment opportunity comprising a standalone development of 14 self-contained flats. 9 flats let on assured shorthold tenancies, one flat subject to a lease and four flats subject to short (60 years) leases. Total current rents reserved £93,960 per annum

Description

The property comprises an attractive development of 14 self contained flats. There are two adjacent and complementary buildings arranged in an 'L' configuration around a pleasant lawned garden area.The larger building was constructed c.1897 and now comprises eight flats. In this building, there are four x two beds and four x one beds. The newer building was commissioned by the present owners and built by Berkeley Homes in 1985. It comprises six x one bed flats.

The development is approached by its own estate road. To the left of the entrance is a detached brick built block of three single garages which may have potential for redevelopment as a house, subject to all necessary consents.

There are parking spaces available for all flats (one each) and also one visitors' space.

Location

The property is situated in Wargrave, an attractive Thames-side village in Berkshire, well regarded for its riverside setting, village amenities and commuter appeal. The village centre provides a range of local shops, cafés, public houses and everyday services, together with access to the River Thames and surrounding countryside. Nearby towns include Twyford, Henley-on-Thames and

Reading, all offering a wider range of retail, leisure and employment opportunities. The area is popular with owner-occupiers and tenants alike, supported by good schooling, recreational facilities and strong regional connectivity.

Transport

• Wargrave railway station – approximately 0.6 miles, provides regular services to Twyford railway station
• Twyford railway station - Elizabeth Line and Great Western Railway services to London Paddington and the City, together with fast connections across London
• Road access via the A4 and A321, linking to Reading, Maidenhead and surrounding Thames Valley centres
• The M4 motorway (Junction 8/9 and 10) is within convenient driving distance, providing access to London, Heathrow and the national motorway network

Tenancy

9 flats are subject to assured shorthold tenancies - please refer to the tenancy schedule.

Four flats (9,10,11 and 14) are each subject a lease for a term of 99 years from 1 May1984 at a ground rent of £50pa having nearly 58 years unexpired.

Flat 1A is to be offered subject to a long lease.

Accommodation

Please refer to the tenancy schedule.

Read full description