London Road, Reading, RG1

An opportunity to purchase four self-contained one bedroom apartments in this period conversion in this convenient location close to Reading Town Centre, The Royal Berkshire Hospital, The University of Reading and Thames Valley Business Park. The property has been owned and let by the current landlord for over 50 years in which period it has been maintained and had minimal void periods. The convenient location make the property ideal for rental with strong demand from young professionals and hospital staff as well as University students. Each property is fully self-contained with its own council tax and utility accounts that tenants would become responsible for once let. The property has recently undergone renovation works with new flooring and decoration throughout leaving the properties ready for rental yet with opportunity for the new owners to add value both in capital and rental return by upgrading bathrooms and kitchens. The property is set over four floors with a single apartment occupying each floor. The lower ground floor boasts the largest apartment which is approximately 517 Sq. Ft. (48sq. Mtrs.) and has its own separate entrance hall, a generous double bedroom, lounge, kitchen, bathroom and a private rear garden as well as a terrace to the front. The ground floor has an open plan living space with fitted kitchen and a feature bay window, double bedroom and bathroom and on the first and second floors both apartments are approximately 450sq. ft. (42 sq. Mtrs.) and have generous double bedrooms, living/dining rooms, bathrooms and separate fitted kitchens. There is off road parking to the front for at least one car. The property would make a sound long term investment with potential to generate £48,000 per annum rental income at a yield of 8%.

London Road, the A4 runs from the east of Reading Town Centre from Earley and Sonning across the southern edge of the town centre running past the Royal Berkshire Hospital. This property is approximately a mile to the South East of Reading Station on the edge of the Eldon Square conservation area. Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.
Reading school founded in 1125 is the 16th oldest school in England, there are 6 other state secondary schools along with 37 state primary schools in the borough. In addition there are some well-recognised and top ranked independent and public schools in Reading and its surrounding catchment. Schools such as Leighton Park, Queen Annes, The Abbey, Crosfields, Bradfield College, The Oratory and Bluecoat are just some of the outstanding public schools in the area. Kendrick girls' school is one of the top grammar schools in the UK. Reading University established in 1892 is a 'red brick' and ranked in the top 1% of universities in the world. There are almost 23,000 students from all over the globe.