Unbroken Residential Investment Opportunity.
16 newly refurbished flats (12 x 1 beds & 4 x two beds).
Prominent Town Centre location.
Reading Station less than 0.5m from the property.
Paddington station is 22 minutes away, with Crossrail providing direct access to Bond Street, Liverpool Street & Canary Wharf.
Every flat benefits from outside space.
GIA 1,455 sqm / 15,661 sqft.
NIA 1,108 sqm / 11,992 sqft.
Value add potential by reconfiguration to provide further bedrooms, enhancing the let and sale value.
Fully let producing £268,080 per annum.
For sale at a substantial discount to open market value.
Freehold.
PROPOSAL
Offers in excess of £3,500,000 (Three million five hundred thousand pounds) subject to contract for the Freehold interest, which equates to a very low capital value of £223 per sqft and a gross initial yield of 7.66%.
