Flat for sale in Hanover House, 202 Kings Road, Reading, Berkshire RG1

An exciting investment opportunity to purchase a contemporary fifth floor one bedroom apartment with a tenant in situ and rental yield in excess of 7.5%. The property is being sold with a tenant in situ paying £1150 a month and will make an excellent 'turn-key' investment. Located a short distance from Reading train station and Royal Berkshire Hospital Hanover House was converted from a former office block in 2016 and offers the buyer an excellent long term investment with a superb rental return. The property comprises an open plan living area and kitchen with a full range of integrated appliances, a double bedroom and bathroom. The property further benefits from lift access, an allocated off road parking space and is sold as a share of freehold with no ground rent.

Location: Hanover House is located on the corner of Eldon Road and Kings Road on the east of Reading Town Centre close to the Royal Berkshire Hospital and REading Station. 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.