1 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (117 years remaining)
- Located in the Station Hill Redevelopment area, less than 5 minutes walk to Reading Mainline Station
- Contemporary one bedroom apartment
- Ideal Investment Opportunity or First Time Purchase
- Lift Access
- 125 Year Lease from 2016 | £250 annual ground rent | £564.88 per Quarter service charges
- Current tenancy in place at £1250pcm, can be ended for vacant possession by July 2024, or can be purchased with reliable tenant in situ
- NO CHAIN
- Town Centre location
- Built in appliances with contemporary fixtures & fittings throughout
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. Alternatively, the property can be made available for vacant possession by July 2024. Offering an attractive ROI with immediate income.
With no chain, this apartment represents a hassle-free transaction, ensuring a smooth purchase process. 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.
EPC Rating: C
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