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£1,250,000

(£196/sq. ft)

11 bed block of flats for sale
The Old Water Tower, Tilehurst RG30

    • 11 beds

    • 11 baths

    • 6 receptions

    • 6,362 sq. ft

  • Freehold

Haslams Estate Agents

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About this property

  • Investment opportunity

  • Converted Grade II listed former water tower

  • 5 x 2 bed apartments and 1 x 1 bed penthouse

  • Allocated parking for each apartment

  • Communal garden; residents lift

  • Current rental income £90,540 pa

  • Lift access

A rare opportunity to acquire this Grade II listed former Victorian water tower sympathetically converted into 6 apartments. The well-appointed apartments enjoy a contemporary design and the upper floor features impressive panoramic views. The apartments are currently let on AST's and generate a current rental income of £90,540 per annum. There is allocated parking for each property, and residents benefit from a communal garden area and lift access.

Additional Information

Parking
There is allocated parking for each apartment.

The apartments are on individual leases of 999 years from 2000 and are being sold with the freehold.

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

Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (fttc)

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”

The owner has a responsibility to contribute to the cost of the maintenance of the access road
The adjoining garage is not included in the sale and will be retained by the vendors.

For a copy of each EPC please google EPC register and use the postcode to retrieve these.

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More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Haslams Estate Agents. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Haslams Estate Agents for full details and further information.