ROI = 8% BMV = 20.39%
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Description
An investment opportunity situated in a prime town centre location, ideal for both proximity to the train station and within walking distance Reading College. A substantial four storey townhouse which is currently let as an unlicenced HMO. Offered for sale with tenants in situ and we are informed produces a gross annual rental income of approximately £34,000. Additional Information: - Parking 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 reading.gov.uk "permit charges" Property construction – Standard form Services: Gas - mains Water – mains Drainage – mains Electricity - mains Heating - Gas 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” Rental Schedule - The current landlords run the property as an unlicensed HMO. Apart from the basement studio the tenants have shared use of the building, all utilities are paid by the landlord and included in the rent: Basement studio flat - £1000 per month Room 1 - Living space Room 2 - Empty Room 3 - £550 per month Room 4 - £650 per month Room 5 -£600 per month
Find out MoreProperty Details
- Property ID: 152148725
- Added On: 2024-09-14
- Deal Type: For Sale
- Property Price: £490,000
- Bedrooms: 5
- Bathrooms: 1.00
Amenities
- Investment Opportunity
- Unlicenced HMO
- Future potential for 5 rooms & a self contained studio
- Walking distance to the town centre and hospital
- Current gross annual income of £34,000.
- Walking distance of town centre and mainline station
