21 bedrooms Block of Flats in Kings Road, Reading RG1

Photography

Key Details

Bedrooms: 21
Bathrooms: None
Reception Rooms: None
Floor Area: 11950 sq ft
EPC Rating: None
Tenure: Freehold
Parking: Yes
Lift: Yes
Outside Space: No

Description

This is an excellent short-lets investment opportunity with an existing rent-roll, further opportunity to increase the income through leasing the parking and possible development potential (STP). The various current and potential revenue streams could allow for this asset to yield 7.1% Gross with minimal outgoings. Presented in excellent condition throughout and located in the highly sought-after conservation area of Reading, close to the town centre and railway station, this is a unique development in a Georgian-style property, currently operated as a rental business. The buildings have been sympathetically restored to offer a range of spacious studio, one, two and three bedroom luxury apartments. With the benefit of two recently refurbished hydraulic lifts and space for 47 car parking spaces, this opportunity consists of three Grade II Listed Buildings comprising 21 individual apartments, making it an ideal short-lets investment which could be operational in a minimal time-frame. The building is located within approximately 0.5 miles of the Oracle shopping centre and approximately 0.7 miles from Reading mainline railway station, offering direct services to London Paddington in 25 minutes and the Crossrail link to Central London. Located in the heart of Berkshire, Reading is a modern and vibrant town, with a well-regarded university and college, both with large student populations. In addition to this, there are numerous tech-orientated companies based in and around the town along with several of the larger business consultancies. Reading is amongst the most productive cities in Europe, proving to be an ideal location for international businesses to establish their UK Operations. With wages currently at 18% above the national average, Reading draws in a highly-skilled work-force requiring accommodation on both a permanent and temporary basis.

Accommodation

2 X Studio Apartments : 4 X 1 Bedroom Apartments : 14 X 2 Bedroom Apartments : 1 X 3 Bedroom Apartment : 2 Lifts : CCTV : 48 Gated Car Parking Spaces

Agent Contact

Harding Green

Telephone: +442033751970
Email: support@hardinggreen.com