£7,000,000
52 bed block of flats for salePadworth Avenue, Reading RG2
52 beds
52 baths
30 receptions
About this property
Investment opportunity- Whole Block
30 apartments (22 x 2 bedroom and 8 x 1 bedroom)
Each apartment with allocated parking
Current rental income £526,440pa - Gross yield of 7.52%
Well-maintained communal grounds
Excellent transport links by road & rail
Lift access
Harlequin House is located within the favoured Kennet Island development by Berkeley Homes, and comprises 8 x1 bedroom and 22 x 2 bedroom apartments let with individual tenancies. Currently achieving a gross rental income of approximately £526,440 pa. The apartments all benefit from allocated parking spaces and are set within impressive communal grounds with a central piazza and amenities. Boasting excellent transport links with easy access to jnct 11 of M4, a dedicated bus service to Readings' mainline station and the newly opened station at Green Park is within 0.9 mile.
The development incorporates the Circle private hospital, a bmw dealership and Hilton Hotel and is within easy reach of Green Park business centre.
Epc's
Please refer to the EPC register online for all EPC's using postcode RG2 0FU.
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More information
Tenure
Leasehold (980 years)
Service charge
Council tax band
Ground rent
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