This property is no longer on the market
10 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
Seize this remarkable investment opportunity in the dynamic town of Reading. This mixed-use property, ideally situated merely 0.8 miles from Reading University, offers an excellent mix of commercial and residential utility. It's a perfect fit for investors aiming to optimize returns through a dual revenue stream, and uniquely, it can be acquired under a company, enhancing the fiscal and operational benefits.
Property Highlights:
- Type: Mixed-Use Building
- Commercial Space: Features two large shop fronts currently leased to a flourishing convenience store, generating £1,500 per month.
- Residential Space: Comprises a fully licensed 10-bedroom HMO on the first and second floors, currently producing £8,516 per month from a reputable housing provider. Buyers have the option of vacant possession or retaining the existing tenants.
- Bathrooms: Includes four well-maintained bathrooms, adding to the residential appeal.
- Kitchens: Equipped with three kitchens, supporting the extensive residential capacity.
- Parking: Includes private parking at the rear with potential for expansion (subject to planning permission).
Investment Potential:
- Proximity to University: Less than a mile from Reading University, making it highly desirable for student rentals.
- Dual Revenue Stream: Enjoy consistent rental income from both the commercial and residential units.
- High Yield: Offers an attractive gross yield of nearly 10%, indicating a highly profitable investment.
This property not only stands out due to its prime location and existing revenue streams but also offers significant development potential. Ideal for those looking to expand their investment portfolio or enter a high-yield market, this property is set to provide substantial returns.
Explore the investment possibilities today—contact us for more information and to arrange a viewing!
This advertisement has been crafted to highlight the key attributes and advantages of the property, specifically appealing to potential investors looking for a profitable opportunity. Feel free to adjust the specifics or add any additional details to better align with your marketing strategy!
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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