1 bed flat for sale

Kings Road, Reading RG1

This one bedroom apartment in Hanover House is located within walking distance of the mainline station and the vibrant town centre with easy access to the shops and riverside restaurants of the Oracle.
Located on the 7th floor of this block the open plan living area is well-equipped with an integrated kitchen alongside a modern bathroom suite with shower. This specific property also benefits from allocated parking space.
This specific apartment is offered for sale with a tenant in situ and so is ideal to investors offering a yield in excess of 8%. The new tenant is fixed until December 2024.

Additional Information:

Parking
There is allocated parking available at the property

Part A
Lease information. (Share of freehold)
Years remaining: 117
Service charge: £1,821.22
Ground rent: N/A

Part B
Property construction – Standard form
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric 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”

The property is located on the top floor and accessed via a lift.

Rental Yield

There is a tenant in situ until July 2025 paying £1,250 per calendar month.