Flat for sale in Skylark House, Drake Way, Reading RG2

This stunning 4th floor apartment is situated in a tucked away position within the favoured Kennet Island development by the Berkeley Group.
Featuring a contemporary open-plan living room with a well-defined kitchen area and doors leading to a balcony. The development features a mix of contemporary styled homes set within impressive communal grounds with a central plaza with a convenience store. Forming part of Kennet Island is a private hospital, Hilton hotel and a bmw dealership. Convenient for the newly opened station at Green Park with a dedicated bus service to the town centre and easy access to the M4 and business park. The apartment further benefits from undercroft parking space and is offered for sale with no onward chain.

Lease Information

Years remaining: 982
Ground rent: £352.85 pa
Service charge: £1,358 pa
Ground rent review period: Every 15 years in line with rpi, next review 2031

lease note: Lease and service charge details are provided as a guide and are based on information supplied by the seller

Communal Grounds

The central plaza with a water feature also hosts 2 convenience stores and a cafe and located throughout the development are multiple children's play parks and recreation greens. The development also incorporates a large wildlife conservation area, running from along the side of the A33 up to the north point of Kennet Island with a series of wetlands and ponds. This area contains wild flowers to attract insects and bees, as well as wetlands and ponds for aquatic life, bird and bat boxes and is viewable via the decking, observation platforms and pier over the pond.

Parking

The property has an allocated space in the undercroft car park.

Possible Rental Yeild

The existing tenants are paying £1,100 per month, believe the current rental value for a furnished let would be £1250 per calendar month which based on the asking price represents a possible gross rental yield of 6.6%