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£425,000

4 Bedroom Flat

South St, Reading

Key Features

  • excellent location - 5 minutes walk to central reading
  • comprises of 4 individual self contained units
  • all units open plan living/kitchen areas
  • flat 4, having own separate bedroom
  • 1 car parking space available
  • share of freehold available
  • 999 year lease remaining - option to renew
  • ***360 degree tour & floorplan***
  • council tax: b

Property Description

***Cash purchase only ***Rare opportunity to acquire 4 studio flats located in a building very close to Reading Town Centre.
Comprising of 4 individual units on the first & second floors of this 3 storey building.
All rented out on individual AST's, with a combined income of £3375pcm, inclusive of all bills.
Available on an initial lease of approx. 999 years remaining, this property benefits with becoming 1 of 6 joint freeholders of the building.
Service charges that include insurance & other disbursements totalling £40 per annum.
Would be an ideal investment for an investor landlord, achieving a gross rental yield of 9.52%
***360 degree tour & floorplan*** 
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