56 Prospect Street, Reading, RG4 8JL

An attractive freehold mixed-use investment property prominently positioned on Prospect Street in the heart of Caversham’s busy retail centre. The property comprises a fully let ground floor commercial unit, currently occupied by an established dry-cleaning business, together with two residential flats above, arranged as a one-bedroom flat and a studio.

The investment produces a combined rental income of £28,700 per annum (inclusive of utilities for the flats), offering a stable and diversified income stream. The property benefits from strong local footfall, excellent transport links, and close proximity to Caversham Bridge and Reading town centre.

An ideal opportunity for investors seeking a well-located, income-producing asset with potential for future asset management or reconfiguration of the upper parts, subject to the necessary consents.

The property occupies a prominent position on Prospect Street, in the heart of Caversham’s established retail centre. The area benefits from a strong mix of independent and national occupiers, serving an affluent local catchment including Caversham and Emmer Green.

Viewing strictly by prior arrangement with Lansley Commercial –

Freehold mixed-use investment property
• Ground floor commercial unit (circa. 625 sq.ft)
• Double-fronted retail premises
• Established dry-cleaning business in occupation
• W.C. and kitchenette to commercial unit
• Rear access to bin/storage area
• Self-contained upper parts (accessed via ground floor)
• First floor one-bedroom flat
• Second floor studio flat
• Shared bathroom facility between residential units
• Total rental income £28,700 per annum
• Commercial EPC: A21 (valid until October 2032)
• Residential EPC: D62 (valid until February 2029)
• Rateable Value: £24,250 (tenant responsibility)