Block of flats for sale in 995/995A Oxford Road, Tilehurst, Reading, Berkshire RG31

Guide Price = £950,000+

**For Sale By Public Auction 31st July 2024 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Detached Building Arranged as Six Self Contained Flats (1 x Four Bed/Four Bath Flat & 5 x Studio Flats) Part Let Producing £60,540 Per Annum. A Potential Estimated Rental Value of Approximately £98,000 Per Annum if Fully Let.

Tenure
Freehold

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Arthur Newbery Park are within easy reach. Transport links are provided by Tilehurst rail station which is approx. 200 metres (with trains into Paddington within 36 mins).

Description
The property comprises a detached three storey building arranged to provide a ground floor four bedroom all with en-Suite flat (finished to be HMO complaint) and five studio flats arranged over ground and two upper floors. The property has been recently refurbished.

Accommodation
995 Oxford Road
Ground Floor Flat
Four Bedrooms (Each with En-Suite)
Communal Kitchen

995A Oxford Road
Ground Floor Flat
1 x Studio room with Kitchen area and En-Suite

First Floor Flats
3 x Studio room, with Kitchen area and En-Suite

Second Floor Flat
1 x Studio room, with Kitchen area and En-Suite

Exterior
The property benefits from a communal garden and off street parking forecourt for up to 5 cars.

Tenancy
All 5x Studio flats are let on individual tenancies producing a combined rent of £60,540 Per Annum. The erv of £98,000 is based on the property being fully let at the same market rent that's being achieved in the occupied flats, buyer are to rely on their own enquiries regarding this matter. Please refer to the legal pack for a the full tenancy schedule.

Viewing Appointments to be Confirmed