* Leasehold
* Landlord Investment Opportunity
* Easy management with on site warden
* Newly refurbished Bathroom
* New carpets throughout
* Currently rented at £1180. 00pcm
* 15. 73% gross yield return (10. 65% net)
* Close to Town Centre
* Long term tenant if needed
* Permission granted for investment
* To purchase as non investment must be over 55 years old
Property Reference number : 912617
investment oppertunity with current gross yeild of 15. 73% return (10. 64% net
return after service charges)
You can be any age to buy this investment for rental purposes but if you wish
to buy and live here personally you must be over 55.
Attention investment landlords / over 55S
Onsite Warden included (easy management for Investment landlords)
Long term Tenant in situ Paying £1180. 00 pcm (Refurbished in 2023 with new
carpets & new bathroom)
Offered to the market with No Onward Chain Complications is this well
presented first floor double bedroom retirement apartment (exclusive to ages
of 60+) located in a highly favored area just South of Reading Town Centre
Adjoining Cintra Park.
Milward Court is a delightful modern retirement development (exclusive to ages
of 60+) located in a highly favored area just South of Reading Town Centre
adjoining Cintra Park.
The apartment offers a fantastic first floor corner position with park views
which is benefited by lift access, also including allocated private parking
and well maintained communal gardens. The accommodation is well positioned
with local shops and amenities all within very short distance. The Oracle
shopping complex is within a five minutes drive and approx. 20minute walk,
There is also the bus route 5 Emerald which is a stones throw away from the
complex.
Accommodation comprises of entrance hall, 20' dual aspect living room, modern
kitchen, double bedroom, bathroom with shower over bath, UPVC double glazing
and electric heating throughout.
The Development facilities include - resident administrator - 24 hour call
service - spacious residents lounge - Communal laundry room - guest suite
Reading Borough Council - Tax Band E
Leasehold Information:
Lease = 91 Years Remaining
Ground Rent = Approx. , £1 per annum
Service Charge = Approx. £4584. 39 per annum
Council Tax: E
Current Annual Ground Rent: £1. 00
Ground Rent Review Period: 91 Years
Current Annual Service Charge: £4, 580. 00
Service Charge Review Period: 91 Years
Current Length Of Lease Remaining: 91 Years
Warning: Never transfer funds to a property owner before viewing the property
in person. If in doubt contact the marketing agent or the Citizens Advice
Bureau.
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properties advertised are fair, accurate and reliable, however they are not
exhaustive and viewing in person is highly recommended. If there is any point
which is of particular importance to you, please contact Quicklister and we
will be pleased to check the position for you, especially if you are
contemplating traveling some distance to view the property.
Property Reference number : 912617

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