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!
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Tenure : Freehold