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Portfolio opportunity across four blocks in Reading and Newbury

For sale: £14,250,000.00|3,853 - 9,017 Sq Ft|Flat, Residential

Property details

FOR SALE£14,250,000.00
SIZE3,853 - 9,017 Sq Ft
ADDRESSPortfolio opportunity across four blocks in Reading and Newbury
TYPEFlat, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON6th September 2022

Description

An exciting freehold residential investment portfolio opportunity across four blocks in Reading and Newbury

• The Berkshire Collection comprises 4 unbroken freehold blocks in Reading and Newbury totalling 101 residential units

• The portfolio is producing a total income of c. £1,012,000 per annum including c. £36,720 per annum of income from parking

• Redbrick House comprises 42 studio apartments extending to 9,017 sq ft across ground and two upper floors

• Sherwood House comprises 27 studio apartments and extends to 6,195 sq ft across ground and two upper floors

• 9 Southern Court comprises 16 apartments and extends to 4,061 sq ft across ground and two upper floors

• 10 Southern Court comprises 16 apartments and extends to 3,853 sq ft across ground and two upper floors

• Sherwood House and Redbrick House are located 0.4 miles between one another, just north of Newbury Town Centre

• 9 and 10 Southern Court are adjacent blocks located to the south west of Reading City Centre

• Sherwood House and Redbrick House are let on Assured Shorthold Tenancies, whilst 9 and 10 Southern Court are currently let on company leases

Location

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Location: Portfolio opportunity across four blocks in Reading and Newbury

Newbury (0.6 miles)

Newbury Racecourse (1.1 miles)

Thatcham (3.8 miles)

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