£1,250,000
(£196/sq. ft)
11 bed block of flats for saleThe 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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