5 bed block of flats for sale

George Street, Reading RG1

An opportunity to acquire a centrally located investment property that has been sympathetically divided into 4 well-planned flats. The property has been maintained throughout and comprises three 1 bedroom flats and a 2 bedroom flat. Set out over 4 floors, the property benefits from independent access to the lower ground floor 2 bed flat with garden access while the ground floor flat features a balcony and also enjoys garden access. Conveniently positioned for the town centre with local amenities, shops, bus routes and Reading West and the mainline station within a short walk. The property when fully occupied is projected to achieve rental income of £44,500 pa equal to a gross yield of 9.3%.

Additional Information:

Parking
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check "permit charges". We understand that historically 2 permits have been issued for the whole property.

Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - gas central heating

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”