A portfolio of 39 rental apartments, all currently tenanted, has been put up for sale at the 300 Kings Road development in Reading.
The collection is being sold by Brick Management and includes a mix of studio, one-bedroom, and two-bedroom apartments.
The apartments are situated just a ten-minute walk from Reading town centre and come with a range of on-site facilities including a concierge service, gymnasium, and sky terrace.
The entire portfolio is reportedly generating an annual rent roll of over £570,000, providing an immediate income for potential buyers upon completion of the sale.
The apartments are sold with tenants in situ, meaning there will be no void periods and rental income can start flowing immediately.
The 300 Kings Road development is a modern block that has become popular with both professionals and students due to its proximity to key locations in Reading.
The development is located less than a mile from Reading Station, providing convenient transport links to London and other major cities.
Reading West Station and Earley Station are also within easy reach at 1.6 and 1.8 miles respectively.
For families with children, the location also offers a range of educational facilities within a short distance.
Trinity Christian School, an independent school, is just 0.1 miles away.
The same distance also separates the development from St John's Church of England Primary School, a state school rated 'Good' by Ofsted.
Red Balloon Learner Centre Reading, another independent school, is also nearby, with Reading School, rated 'Outstanding' by Ofsted, just 0.4 miles away.
The 300 Kings Road development is reported to have become a sought-after location due to these nearby amenities and its modern facilities.
The development has a long lease of 250 years, with 246 years remaining.
This feature, along with the immediate rental income potential, could make it a worthwhile investment for those looking to enter the property market in Reading.
No price has been specified in the listing.
Prospective buyers interested in this opportunity are advised to contact the estate agent directly for further information.
This sale represents a significant opportunity for investors looking to expand their portfolio in the Reading area.
The combination of immediate rental income, long lease, and modern facilities in a prime location makes this portfolio an attractive proposition for those looking to invest in real estate.
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