Tenure: Leasehold
Investors only: A tenanted top floor one bed apartment in central Reading. Always popular with tenants, the apartment is conveniently located in the Abbey Quarter. It is 2 mins walk to the Reading mainline station and to the Forbury park. The bus stops are around the corner from the apartment, and the main shops, pubs and restaurants of the town are 3-5 minutes' walk away.
There aren't many central Reading flats with this peaceful location, facing away from the road onto a courtyard.
The tenants are in contract until July 2025 and paying £880 a month in rent. The apartment re-lets within a couple of weeks when it becomes available.
The owners are happy to discuss options in regards to the lease extension depending on your preference.
Lease - 99 years from 1st January 1989
Service charge £1129.75 every 6 months
Ground rent £100 per annum
EPC rating: D. Council tax band: A, Tenure: Leasehold, Annual ground rent: £100, Annual service charge: £2259, Service charge description: 1129.75 every 6 months, Length of lease (remaining): 63 years 3 months,