Alma Street, Reading, Berkshire, RG30

Freehold Investment Property
Garage Premises with Ground Floor Studio & 1 Bed Flat and 3 Bed Flat Above
7-13 Alma Street, Reading, Berks, RG30 1JS

Location: Alma Street is situated in West Reading, a well-established residential and commercial area approximately 1.5 miles from Reading town centre. The property benefits from good access to local amenities, public transport links, and major road networks including the A4 and M4.

Premises: A fully let freehold investment comprising a long-established garage/workshop (as operated since 1957, formerly one of the UK's first MOT stations), a ground floor studio, and a converted residential building (maisonette) split into two self-contained flats.

Garage/Workshop: Fully equipped with landlord-owned fixtures, fittings, and equipment (used by tenant under lease terms). Includes self-contained office and kitchenette. Let on a new 6-year 11-month FRI lease at £3,000 pcm.

Commercial EPC - C73 - Valid until March 2033 Rateable Value - £12,500

Studio Flat: Attached to the garage, now separated and let on AST at £850 pcm.

Ground Floor 1-Bed Flat: Spacious accommodation with modern kitchen, utility, large living room and bedroom. Let on AST at £1,300 pcm (incl. electricity/water).

First/Second Floor 3-Bed Flat: Self-contained with living room, kitchen, dining area, conservatory, roof garden, and 2 bedrooms. Let on AST at £1,700 pcm (incl. electricity/water). Gas Radiator Heating - Gas bill paid by tenants. - Separate Electricity sub-meters installed.

Flat EPC - D61 - Valid until 11th March 2029 Council Tax Band - C

Total Rental Income: £6,850 pcm / £82,200 p.a. - incl. electricity and water (flats)

Ideal for investors seeking a stable, diversified rental income with potential future asset management or development opportunities.

Investment Summary: This fully let mixed-use freehold investment generates a gross rental income of £82,200 per annum, with residential rents inclusive of electricity and water. After accounting for approximately £3,000 per annum in utility costs, the net income stands at around £79,800 per annum. Based on a purchase price of £875,000, this equates to a strong net yield of approximately 9.1%. In addition, there is clear potential for further development, subject to planning, particularly the opportunity to perhaps add residential accommodation above the existing workshop. Located in a well-The property is situated in a popular and well-connected area of West Reading and offers a rare opportunity to acquire a long-established, income-generating asset with potential for future capital growth.