Landlords & Investors - A large maisonette in a convenient setting, with long lease, being sold subject to the existing tenancy. 3 bedrooms, 2 bathrooms, lounge/ dining room, kitchen, lots of storage, double glazing, gas radiator central heating.

A self-contained, two-storey maisonette, above the Co-op convenience store, on the corner of Wokingham Road and Meadow Road. The location is ideal for access to Earley Railway Station, with Reading University only about one mile away.

The property is currently let and has been for several years and would, in our opinion, make a superb, continued investment. The property does require some updating. The seller had the property redecorated and replaced the carpets on the first floor last year and will soon be installing a new gas boiler, but other works are necessary, and we would suggest that a new landlord would want to update the kitchen and bathrooms, possibly among other improvements.

We are advised that the current tenancy ends December 2023 but that there is a break clause allowing the tenancy to be terminated from June onwards. The current rent is £1200pcm. We await a copy of the existing tenancy agreement to verify this. It is the selling agents opinion that a higher rent should be achievable.

As well as good public transport links, the property is set between the thriving town of Reading and the market town of Wokingham and is not far from Junction 10, where London then lies about 40 miles away and Heathrow Airport about 28 miles away.

N.B. Internal photographs taken August 2022. Front photograph taken in 2017. Proof of funds will be required prior to a vieiwng.

EER: D57 Council Tax: B (advised verbally by WBC)

Tenure: Leasehold. Short particulars of the lease provided by Land Registry state that the lease is 189 years from 29th April 2009. There is no mention of ground rent. We are advised by the seller that the ground rent is a peppercorn, and that combined management fee and building insurance for 2020/2021 was £432.13 and for 2021/2022 was £441.51.

IMPORTANT NOTICE: We have endeavoured to ensure the details of this property are accurate, however all measurements are approximate and none of the statements contained in these particulars are to be relied on as statements of fact. They do not constitute any part of an offer or contract. We have no authority to make any representation or give any warranty in relation to this property. We have not tested the services, appliances or fittings referred to in the details. School catchment zones are verified as far as possible with the local authority but cannot be guaranteed and may change in the future, nor do they guarantee a place in the school. We have not checked whether any extension or alteration to the property complies with planning or building regulations. Distances are 'as the crow flies'. We recommend that each of the statements is verified and the condition of the property, services, appliances and fittings is investigated by you or your advisers before you finalise your offer to purchase or you enter a contractual commitment. Martin & Pole may, at your request, recommend to you a mortgage advisor or solicitor. The mortgage advisor will pay us a referral fee equivalent to 30% of any fee they earn. We do not receive a referral fee from the solicitor but have traditionally received a gift at Christmas.