9 bedroom house of multiple occupation for sale

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9 bedroom house of multiple occupation for sale

995/995A Oxford Road, Reading, Berkshire, RG31 6TL
£1,050,000

Our Summary

  • 5%), detached, newly developed residential investment opportunity comprising 4 x ensuite HMO rooms on the ground floor and 5 x use class C3 apartments
  • * There is scope to increase the rents to £99,540 per annum, reflecting an initial yield of 9

Description

This is a unique investment opportunity to acquire a detached, newly developed residential property in Tilehurst, located just a 2-minute walk from Tilehurst railway station. The property comprises 4 ensuite HMO rooms on the ground floor and 5 use class C3 apartments on the upper floors, extending to a total area of approximately 1,781 sqft NSA. The property is fully let and generates a combined rental income of £96,900 per annum, reflecting an initial yield of 9.23% at the purchase price. There is scope to increase the rents to £99,540 per annum, reflecting an initial yield of 9.48% at the purchase price. The property has a communal garden and 7 car parking spaces, and is available freehold with no VAT elected.