46-48 Prospect Street, Caversham, Reading, Berkshire, RG4 8JL
Business rates & charges may apply
- SIZE
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- SECTOR
High street retail property for sale
Key features
- Double Fronted Retail Unit and Two Residential Units
- Part Vacant, Part Investment Producing £21,120 Per Annum
- Retail Accommodation Approximately 54.82 Sq M (590 Sq Ft) (Vacant)
Description
For Sale by Public Online Auction on 03/09/2025 13:00
Location
The property is located in central Caversham, a district immediately north of Reading town centre. Prospect Street (B481) is the main arterial route through Caversham, connecting with Church Street to the south and Henley Road to the north. The surrounding area comprises a mix of retail, commercial and residential uses. Nearby occupiers include Tesco Express, Costa Coffee, and a variety of independent businesses. Reading town centre lies approximately 0.5 miles to the south, accessible via Caversham Road (A4155) and the Caversham Bridge. Reading railway station is approximately 0.7 miles to the south, providing frequent services to London Paddington and other regional destinations. The property is situated within the administrative boundary of Reading Borough Council.
Description
The property comprises a double fronted two storey unit with basement.
At ground floor, 46 and 48 provide a retail area, office, store room, kitchen and WC.
Above the retail unit, 46a provides a one bedroom flat with shower room, combined living room and kitchen and bedroom. This element is accessed via the rear of Prospect Street.
48a provides a two bedroom mid terrace property and provides a living room and kitchen at ground floor with two bedrooms and bathroom at first floor. This element is accessed via the rear of Prospect Street.
Tenure
46 & 46a are held Freehold under Title Number BK71357 and 48 & 48a are held Freehold under Title Number BK98537.
Tenancy
The ground floor is vacant whilst the residential accommodation is occupied under two separate AST Agreements.
46a - Comprises a one bedroom first floor flat, occupied under the terms of an AST from 5 March 2018 for 12 months (holding over) at a rent of £610 per calendar month (£7,320 Per Annum).
48b - Comprises a two bedroom terrace house, occupied under the terms of an AST from 14/02/2024 for 12 months (holding over) at a rent of £1,150 per calendar month (£13,800 Per Annum).
Planning Authority
Reading Borough Council -
46 & 48 (Retail): TBC
46a (Resi Flat): TBC
48a (Resi Flat): E:50
Refer to the legal documentation
For further information please go to
Brochures
46-48 Prospect Street, Caversham, Reading, Berkshire, RG4 8JL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Reading Station0.7 miles
- Reading West Station1.2 miles
- Tilehurst Station2.5 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Lambert Smith Hampton, Auctions on 020 3834 8766.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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