Fully let mixed-use freehold investment in Reading, generating total current rental income of £49,740 per annum from two commercial units and two self-contained one-bedroom flats.
The property combines established commercial tenants with residential rental income, providing a diversified investment across four fully occupied units. The ground-floor commercial accommodation comprises a prominent double-fronted off licence and convenience store with a substantial basement, together with a fully fitted hot food takeaway.
Both commercial premises are let on Full Repairing and Insuring leases. The takeaway produces £13,000 per annum, while the retail premises generate £18,500 per annum.
The residential element comprises two self-contained one-bedroom flats, both let on Assured Shorthold Tenancies and generating a combined £18,240 per annum. The flats offer scope for improvement, providing an opportunity to enhance the residential accommodation and potentially increase rental income over time.
Extending to approximately 2,784 sq ft, the property occupies a prominent position within an established commercial parade at Cemetery Junction, with high levels of passing footfall and convenient access to the University of Reading, Royal Berkshire Hospital and Reading town centre.
The property is available freehold subject to the existing commercial and residential tenancies. The listing is currently under offer.
Viewings: Strictly by prior arrangement with the sole agents, Lansley Commercial. Access will be arranged with the respective occupiers and adequate notice will be required.
