1 bedroom apartment

Introducing this stylish and contemporary one-bedroom apartment, ideally situated in the sought-after Station Hill Redevelopment area. Boasting a prime location, it is less than a 5-minute stroll to Reading Mainline Station, making it ideal for commuters.

The apartment offers an exceptional opportunity for both investors and first-time buyers. With lift access, this property ensures convenience and ease of access for all residents. Benefitting from a 125-year lease starting in 2016, it also includes an annual ground rent of £250 and quarterly service charges of £564.88.

For savvy investors, there is a current tenancy in place at £1250 pcm (bills included), allowing immediate rental income with the reliable tenant in situ. Offering an attractive ROI with immediate income. Alternatively, the property can be made available for vacant possession by July 2024.

With no chain, this apartment represents a hassle-free transaction, ensuring a smooth purchase process via modern method of auction. Situated in the heart of Reading's vibrant town centre, it offers a multitude of amenities and services within easy reach.

Inside, the apartment showcases modern fixtures and fittings throughout. OPen plan living, good sized double bedroom with built in wardrobe & Luxury bathroom with large walk in shower. The built-in kitchen appliances further enhance the contemporary feel of the property & can be sold with furniture and fixtures included by negotiation. The apartment also has an intercom entry system, double-glazing, gas central heating, and a unique fresh air system, designed to filter and condition the air for an optimised living environment.

In terms of connectivity, you're a mere moments stroll from Reading train station, putting London Paddington effectively less than 30 minutes away. The locale also benefits from an extensive network of bus routes, including the Rail Air buses. A secure bicycle storage facility simplifies local commutes. The vibrant Reading town centre, brimming with shops, bars, and restaurants are all on your doorstep with more to come as the re-development of the Station Hill area is completed.

For the health-conscious, the area is bursting with opportunities for fitness & sport, including ample choices of 24/7 gyms, health clubs, swimming, tennis courts and The Thames Path & Countyside to the North of Reading Town Centre are just a stroll away but you can lose yourself for hours wandering along the river & Kennet & avon Canal or into the rolling hills of the Chilterns.

Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.