189-193 London Road, Reading
Size
505 - 695
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- Convenience store, High street retail, Commercial development, Other leisure
Key features
- Fully let mixed-use freehold investment
- Total Current income: £49,740 per annum
- Two ground floor commercial units & Two self-contained one-bedroom flats
- Established commercial tenants with long FRI leases
- Prominent London Road (Cemetery Junction) position with high footfall and strong passing traffic
- Close to Reading University and Royal Berkshire Hospital
- Scope to improve flats and increase rental income
- Freehold opportunity
Description
A rare opportunity to acquire a fully let freehold mixed-use investment prominently positioned on the highly sought-after London Road (Cemetery Junction), Reading.
The property comprises two ground floor commercial units together with two self-contained one-bedroom flats above, producing a combined rental income of £49,740 per annum.
The commercial element includes a well-established off licence/convenience store occupying a prominent double-fronted unit with a substantial basement, together with a fully fitted hot food takeaway unit, both benefiting from strong trading positions and consistent footfall.
The residential accommodation comprises two self-contained one-bedroom flats, both let on Assured Shorthold Tenancies, providing a stable and supplementary income stream. The flats offer scope for cosmetic improvement, presenting an opportunity for future rental growth.
The property occupies a highly visible position within a busy and established parade, close to Reading University, the Royal Berkshire Hospital and Reading town centre, making it a proven location for both commercial and residential occupiers.
This investment offers immediate income with a strong tenant mix, together with longer-term asset management potential.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
- No
- Business for sale
- No
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirements- BREEAM rating
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- Environmental description
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Brochure
189-193 London Road, Reading
About Lansley Commercial, Reading
Lansley Commercial specialises in small business sales, valuations and commercial property disposals.
We act for owner-managed businesses and commercial property owners, handling mixed-use investments, retail units, offices and light industrial premises.
Our approach is practical and results-driven, with a focus on achieving market value and progressing deals through to completion.
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Disclaimer - Property reference Dr1614. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lansley Commercial, Reading. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.