56 Prospect Street, Reading, Berkshire, RG4

Full Description

Freehold Mixed-Use Investment - Fully Let Property on Prospect Street, Caversham, Reading

A well-presented and fully let freehold mixed-use investment property, prominently situated on Prospect Street in the heart of Caversham's thriving retail centre. The property comprises a ground floor retail unit together with two residential flats above, producing a combined rental income of £28,700 per annum (inclusive of utilities for the flats).

The Ground Floor is occupied by a long-established dry-cleaning business, benefiting from a double-fronted shop frontage, rear access, W.C. and kitchenette.
Commercial EPC: A21 (Valid to October 2032).
Current Rent: £12,500 per annum.

The Upper Floors are arranged as a one-bedroom flat on the first floor and a studio flat on the second floor, currently let and producing a combined rental income of £16,200 per annum. The flats share a bathroom and have separate electricity meters.
Residential EPC: D62 (Valid to February 2029).

Located close to Caversham Bridge and within walking distance of Reading town centre and the mainline station, this property enjoys excellent footfall, transport links, and access to local amenities.

This is an ideal long-term investment opportunity, offering a stable income stream from both commercial and residential tenants in one of Reading's most desirable suburban retail locations.

Total Income: £28,700 per annum
Price: £395,000 Freehold
Ref: DR.1659

Viewing strictly by appointment through:
Lansley Commercial - |