4 bed town house for sale

Southampton Street, Reading RG1

An investment opportunity situated in a prime town centre location nearby to the oracle shopping centre. A four storey townhouse which has been split into 4 self-contained apartments, offered for sale with tenants in situ and with full occupancy, and we are informed is producing an annual gross rental income of £55,000 (All bills, except for gas, are paid by the landlord)

Additional Information:

Parking
At the rear of the property there is a dropped kerb onto Short Street allowing off street parking for 1 or 2 vehicles.
On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check "permit charges"

Part B
Property construction – Standard form
Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas & electric central heating

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For an indication of specific speeds and supply of broadband and mobile, we recommend potential buyers go to the Ofcom web-site “Broadband and mobile coverage checker”

Flooding
We understand the surface water flood risk summary for the area around the property is considered high however, this information is not specific to this property. For further information please check the website "long term flood risk".

Although the property was an unauthorised residential development, the local authority has confirmed it is now immune from any enforcement action.

Rental Schedule

The property has been split into 4 self contained apartments on 1 title with the following rentals in place:

Apartment 1 (Ground floor 1 bed) - £1200 per month inc all bills except gas
Apartment 2 (First floor 1 bed) - £1200 per month inc all bills
Apartment 3 (Second floor studio) - £1000 per month inc all bills
Apartment 4 (Third floor split level 1 bed) - £1200 per month inc all bills

Epc's

Flat 1- Rating D
Flat 2- Rating E
Flat 3- Rating C
Flat 4- Rating G