House For Sale £500,000
An opportunity to acquire this impressive three-storey bay-fronted Victorian townhouse which is currently used as a house in multiple occupation and is licenced for 8 tenants. Ideally located for the town centre with the university campus and the Royal Berkshire hospital within walking distance and well positioned for transport links both by road and rail.
Tenancy
The property is let with individual assured shorthold tenancies, the landlord pays for the wifi and council tax but all other utility costs are paid by the tenants.
The current rent roll is £31,500, however a number of the tenancies are lower than current rent levels whilst many of the tenants have been in residence for a number of years, we believe there is the potential to increase the rents by 10-15%.
Tenancy
The property is let with individual assured shorthold tenancies, the landlord pays for the wifi and council tax but all other utility costs are paid by the tenants.
The current rent roll is £31,500, however a number of the tenancies are lower than current rent levels whilst many of the tenants have been in residence for a number of years, we believe there is the potential to increase the rents by 10-15%.
