Flat for sale in Blakes Quay, Gas Works Road, Reading RG1

Located in the exclusive central Reading waterside development Blakes Quay is this stunning one bedroom apartment with delightful river views. The apartment has excellent natural light and a water views. Further complimented by undercroft parking, a residents gym, games room and meeting rooms. The gated development stands within well-tended communal grounds and is within a short walk to Reading train station with the shops and restaurants of the Oracle and Forbury Gardens nearby.

Lease Information

Remaining lease length: 132 years
Current maintenance charge: £1,825 pa
Ground rent: £200 per annum
Ground rent review period: Every 25 years, next review period 2029 in line with rpi

Please note: Lease and service charge detail is provided as a guide and is based on information supplied by the seller.

Residents Facilities

There is a gym and games room for use by the residents and there are meeting rooms which can be booked via the management company.

Parking

An allocated space in the undercroft parking area.

Outside

Electric gates open to the undercroft parking and the well maintained communal grounds.

Tenancy Details & Rental Yield

The property is currently let on an assured shorthold tenancy for £1250 per calendar month, which based on the asking price represents a possible gross rental yield of 6.8%.

Additional Information

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”

The property is located on the first floor and accessed via a lift.