Flat for sale in Drake Way, Reading RG2

A delightful two bedroom 1st floor apartment situated within the sought-after Kennet Island development built by the Berkeley Group. Finished to a high standard throughout, this contemporary styled apartment offers an impressive dual aspect living room with a two bays and a well-equipped kitchen area with integrated appliances. There is a central plaza with convenience store and located within the development is a Hilton hotel, bmw dealership and a private hospital.
Conveniently located within striking distance of Green Park and the M4 with a dedicated bus route to the town centre.

Parking

The apartment has an allocated parking space and visitor permit for use in the visitor spaces located throughout the development. There are also a number of 2 hour bays for shared use located by the central Plaza and the convenience store.

Communal Grounds

There are multiple children's play parks and recreation greens within Kennet Island. Part of the landscaping of Kennet Island includes a large wildlife conservation area with pond and viewing platforms.

Additional Information - Financial & Lease Info

Years remaining: 982
Service charge: £1950 pa
Ground rent: £685 pa
Ground rent review period: Every 15 years, in line with rpi, next review 2037

Additional Information (Part B)

Property construction – Standard form

Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating

Broadband connection available (information obtained from Ofcom):
Superfast - Fibre to the cabinet (fttc)

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”

Rental Yield

We believe the current rental value for a furnished let would be £1350 per calendar month which based on the asking price represents a possible gross rental yield of circa 6%