Duke Street, Reading, Berkshire, RG1
£223.49 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
15,661 sq ft
1,455 sq m
- SECTOR
Residential development for sale
Key features
- Unbroken Residential Investment Opportunity.
- Prominent Town Centre location.
- 16 newly refurbished flats (12 x 1 beds & 4 x two beds).
- GIA 1,455 sqm / 15,661 sqft.
- NIA 1,108 sqm / 11,992 sqft.
- Reading Station less than 0.5m from the property.
- Every flat benefits from outside space.
- Fully let producing £268,080 per annum.
- Value add potential by reconfiguration to provide further bedrooms, enhancing the let and sale value.
- Offers in excess of £3,500,000
Description
16 newly refurbished flats (12 x 1 beds & 4 x two beds).
Prominent Town Centre location.
Reading Station less than 0.5m from the property.
Paddington station is 22 minutes away, with Crossrail providing direct access to Bond Street, Liverpool Street & Canary Wharf.
Every flat benefits from outside space.
GIA 1,455 sqm / 15,661 sqft.
NIA 1,108 sqm / 11,992 sqft.
Value add potential by reconfiguration to provide further bedrooms, enhancing the let and sale value.
Fully let producing £268,080 per annum.
For sale at a substantial discount to open market value.
Freehold.
Offers in excess of £3,500,000 (Three million five hundred thousand pounds) subject to
contract for the Freehold interest, which equates to a very low capital value of £223 per sq ft and a gross initial yield of 7.66%.
Brochures
Duke Street, Reading, Berkshire, RG1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Reading Station0.3 miles
- Reading West Station1.0 miles
- Reading Green Park Station2.4 miles
About ESTATE OFFICE INVESTMENTS LIMITED, London
Ground Floor 1 Finchley Road, London, NW8 9TT
A London based boutique property consultancy with a global track record. We are investment and development land specialists, primarily selling land and buildings with and without planning permission, with a focus on residential blocks and commercial investment opportunities in retail, leisure and office space. We also act on behalf of clients on residential and commercial acquisitions.
Established in 1983 with exceptional combined experience, our dynamic team of fourteen work tirelessly
Notes
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