Flat for sale in Hewitt, Alfred Street, Reading RG1

Situated on the 17th floor in one of the sought after Chatham Square apartment blocks. A secure development with concierge and under-croft parking facilities. You have uninterrupted far reaching views from this well presented 2 bedroom apartment. The development is ideally located with easy access easy access to the mainline station and the bars and restaurants of the town centre and will appeal to owner occupiers and investors alike.

Outside

Landscaped courtyard garden for use by the residents

Tenancy Situation & Rental Yield

Currently there are tenants in situ on a 12 month contract until 19th April 2025, the rent is £1700pcm which based on the asking price represents a possible gross rental yield of 6.2%

Note there is a 6-month break clause so notice could be served end the tenancy on 18th October 2024.

Additional Information:

Parking
Secure allocated under-croft parking

Part A
Lease information.
Years remaining: 241
Service charge: £3425.32 per annum
nb - We understand that provisions have been made within the service charge collection to cover the replacement of the aluminium façade panels over the next 10 years
Ground rent: £350
Ground rent review period: Every 20 years, in line with rpi, next review 2033

Part B
Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Underfloor heating supplied from a communal boiler

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”