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Mixed-use Freehold - Investment Or Owner-occupiers Opportunity In Reading For Sale

Reading, Berkshire, UK
Asking Price:
£1,750,000
Sales Revenue:
£99,000
Cash Flow:
Available on request

A mixed-use development containing a fully-let block of 4x 1-bed flats generating £26,000 p.a. income, and a 3,200sqft Grade A commercial unit (Class E) part let currently generating £19,000 p.a. with a number of vacant units for future additional income of £54,000 p.a. Total potential income from site is £99,000 p.a.

Additional benefits include:

- Ground rent from 3x leasehold flats within the freehold demise
- EV car charging on site.
- 21 car parking spaces
- 5 mins from the M4 corridor, Reading J11

Potential sale would be via a Share Purchase of the limited company which owns the freehold.

For more information, please contact us by using the form below.

Property Information

Property:

Freehold

Location:

Reading.

Premises Details:

7x business units arranged over a 3200sqft building with communal kitchen and toilet facilities. Shower facilities on site with cycle parking for 14 bikes. 21 car parking spaces with 2x EV car charging bays. Block of 4x residential studio flats also part of the freehold property.

Size in square feet:
Circa. 4500sqft in total
Planning Consent:

Class E use for the commercial building, and C3 residential use for the 4x studio flats.

Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Expansion Potential:

Future potential to refurbish the 4x studio flats to improve the rental income by 30%+

Competition / Market:

5,000+ homes being delivered in the immediate vicinity with very little other commercial/office units available.

Employees:
0
Years established:
3+ years

Other Information

Financing available:

Commercial mortgage already in place with Shawbrook Bank on a 10-year term with 5-year fixed mortgage.

Website:
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