The property comprises two freehold lock-up garages, positioned side by side and benefiting from a shared forecourt area, situated off Thames Avenue in the sought-after Caversham area of Reading, very close to the River Thames.

The garages are of traditional "Godiva"-style construction, being brick-faced concrete garages with corrugated cement roof sheets, typical of garages of this age and type. These roof sheets are understood to be cement-based and commonly associated with asbestos-containing materials; however, no testing has been carried out and no assumptions are made in this regard.

Each garage is fitted with steel-framed windows and hinged aluminium doors, understood to be steel reinforced, providing secure lock-up accommodation. The garages are suitable for parking and storage purposes only and are not suitable for mechanical, MOT or workshop use. There is no electricity supply to the garages.

The garages are currently let to an established local business for parking and storage purposes, producing a combined rental income of £1,480 per annum, payable quarterly. We consider the passing rent to be slightly below current market levels, offering potential for future rental growth. The existing lease expires in March 2026, and the tenant has indicated that they may wish to renew, although this has not been formally confirmed.

Overall, this represents a rare opportunity to acquire a small freehold, income-producing asset in a well-established and popular residential location, appealing to private investors seeking a low-maintenance investment or owner-occupiers requiring secure parking or storage.