52 bed block of flats for sale

Padworth Avenue, Reading RG2

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 years
Service charge: Calculated at £2.02 per sq ft Total pa £40,167 for 2025/2026
Car Parking Space Annual Service Charge: £146 per space
Ground Rent: £12,700 pa subject to a review every 15 years

Services:
Gas - mains
Water – mains
Drainage – mains
Electricity - mains
Heating - Gas central heating

Broadband connection available (information obtained from Ofcom):
Ultrafast – Fibre to the premises (FTTP)

Mobile phone coverage
For 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”