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

This well presented second floor apartment is ideally located on the periphery of the highly sought-after Kennet Island development which features a central piazza with well-kept communal grounds.
The open plan living room with a well-defined kitchen area opens on to a South facing Balcony which allows light to flood in to the apartment. Kennet Island itself is ideally situated for access to the town centre with a dedicated bus service providing easy access with mainline station and also Green Park with the planned station and the M4 motorway nearby.

Additional Information - Financial & Lease Info

Years remaining: 980
Service charge: £2,500 annual
Ground rent: £450 annual
Ground rent review period: Every 15 years, in line with rpi, next review 2030

Additional Information (Part B)

Property construction – Standard form

Services:
Water – mains
Drainage – mains
Electricity - mains
Heating - Electric

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”

Parking

The property comes with allocated undercroft parking

On-street parking requires residents and visitors permits which are issued upon application by Reading Borough Council, charges apply, for an up to date list of charges please check "permit charges"

Rental Yield

We believe the current rental value for a furnished let would be £1,450 per calendar month which based on the asking price represents a possible gross rental yield of 6.2%