£7,000,000 /Sale price

Investment opportunity approximately 2.5 miles from central Reading's mainline station.Harlequin House is located within the favoured Kennet Island development by Berkeley Homes, and comprises 8 x1 bedroom and 22 x 2 bedroom apartments let with individual tenancies. With full occupancy, the block achieves a gross rental income of approximately £524,640 pa. The apartments all benefit from allocated parking spaces and are set within impressive communal grounds with a central piazza and amenities. Boasting excellent transport links with easy access to jnct 11 of M4, a dedicated bus service to Readings' mainline station and the newly opened station at Green Park is within 0.9 mile.The development incorporates the Circle private hospital, a BMW dealership and Hilton Hotel and is within easy reach of Green Park business centre.Epc's - Please refer to the EPC register online for all EPC's using postcode RG2 0FU.Additional Information: - Parking Each apartment has an allocated parking space.Lease information.Years remaining: 979 yearsService charge: Calculated at £2.02 PER SQ FT Total PA £40,167 for 2025/2026Car Parking Space Annual Service Charge: £146 per spaceGround Rent: £12,700 PA subject to a review every 15 yearsProperty construction – Standard formServices:Gas - mainsWater – mainsDrainage – mainsElectricity - mainsHeating - Gas central heatingSeptic tank - We understand the septic tank will not be compliant with the new General Binding Rules, prospective purchasers will need to check their obligations prior to submitting an offer, information is available on the gov.uk website “Septic tanks and sewage treatment plants”Broadband connection available (information obtained from Ofcom):Ultrafast – Fibre to the premises (FTTP)Superfast - Fibre to the cabinet (FTTC)Standard - ADSL/copper wireMobile phone coverageFor 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”ProbateThe sale of the property is subject to the executors obtaining the Grant of Probate, the application was submitted on #####.The property grade II listed The building has an External Wall System Fire Review certificate (EWs1) rating of ****The seller of this property is not a qualified leaseholder under the building safety act, for further details please contact the office.Under the terms of the lease no pets are allowed.The property has a single skin wall on the rear addition and purchasers should make enquiries with their mortgage lender that this meets their criteria.We understand the property may contain asbestos, specifically the garage roof.Whilst the owner has indicated that they are unaware of the presence of asbestos in the fabric of their property, asbestos was a building material used in the construction industry until 1999 therefore its absence cannot be guaranteed.It has been noted that there are textured ceilings at the property. Up until 1985, low levels of asbestos were used in Artex. Since the age and type of texture used on the ceilings cannot be verified, the presence of asbestos cannot be confirmed.The property is located in a conservation area.The property is subject to a specific easement / servitude / wayleave, the arrangements are….We understand there is a public footpath which crosses the southern boundary. The property is located on the first floor and accessed via a lift.FloodingWe understand the surface water flood risk summary for the area around the property is considered high however, this information is not specific to this property. For further information please check the gov.uk website long term flood risk.We understand that the neighbouring property has planning permission approved for ##### The property has a loft conversion which is yet to receive building control sign off.