This is a rare opportunity for investors, with the property being offered for the first time in over 40 years. It features a freehold development consisting of 14 self-contained flats, making it an attractive investment prospect. Currently, 9 of these flats are let under assured shorthold tenancies, while one flat is leased and four others are under short leases with approximately 58 years remaining. The total annual income generated from these rents is £93,960.
The development consists of two buildings arranged in an 'L' shape around a well-maintained garden area. The larger building, dating back to c.1897, houses eight flats (four two-bed and four one-bed), while an adjacent structure built by Berkeley Homes in 1985 adds six one-bedroom units. There is also potential for redevelopment of a separate brick garage block into residential accommodation, subject to the necessary permissions.
Situated in Wargrave—a picturesque village on the banks of the River Thames—this property benefits from local amenities, excellent transport links to London and nearby towns like Henley-on-Thames and Reading. As both a rental investment and a potential redevelopment site, this property offers significant growth opportunities in a desirable location.
