189-193 London Road, Reading, RG1 3NU
Size
2,784
Tenure
Freehold
EPC
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Parking
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- Primary use
- Mixed use
- Other use(s)
- Other
Key features
- Fully let mixed-use freehold investment
- Total current income £49,740 per annum
- Two commercial units plus two flats - fully let
- Established tenants in occupation - FRI Lease for commercial premises
- Prominent London Road location - Cemetery Junction
- Scope to improve flats and increase income
Description
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 accommodation 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 high levels of passing 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 improvement, presenting an opportunity to enhance rental income over time.
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 and popular location for both commercial and residential occupiers.
The property is prominently located on London Road (Cemetery Junction), one of Reading’s main arterial routes into the town centre. The area benefits from strong passing traffic and footfall and is close to Reading University, the Royal Berkshire Hospital and the town centre.
Strictly by prior arrangement with the sole agents, Lansley Commercial.
Access will be arranged with the respective occupiers and adequate notice will be required.
The property is available freehold, subject to the existing tenancies, at a guide price of £650,000.
189 London Road – Takeaway Premises
Let on a full repairing and insuring lease for a term of 15 years from February 2026 at a current rent of £13,000 per annum. The lease includes a tenant break option at the fifth anniversary and rent review provisions.
191–193 London Road – Retail Premises
Let on a full repairing and insuring lease producing a current rent of £18,500 per annum, with rent review provisions in place.
Residential Flats (189a)
Both flats are let on Assured Shorthold Tenancies producing a combined income of £18,240 per annum.
Total Rental Income: £49,740 per annum.
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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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, RG1 3NU
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 363480-1. 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.