Rare Freehold Mixed-Use Investment Opportunity – Fully Let with Strong Yield
A prime freehold commercial investment property on sought-after Caversham Road, Reading, offering a fully let mixed-use premises with an excellent rental yield of 8.36%.
- Ground Floor: Established café & catering business on a new 10-year lease at £18,000 per annum.
- First & Second Floors: Spacious three-bedroom self-contained flat let at £23,400 per annum (inclusive of utilities).All three bedrooms are ensuite, offering excellent HMO potential, subject to necessary planning permissions if required. The flat is within walking distance of both Caversham town centre and Reading town centre.
- Total Rental Income: £41,400 per annum.
This highly visible and well-positioned investment benefits from long-term tenants, strong income, and minimal void risk. A fantastic opportunity for investors seeking a high-yielding, low-maintenance property in a thriving area close to Reading town centre.
ROI – Rental Yield – 8.36% - Excellent Investment. Additionally, it is our opinion that the flat offers scope for further income potential, subject to necessary planning permissions, by letting ensuite rooms separately as an HMO. With individual room lets achieving approximately £850 per month, there is significant potential to increase the rental yield even further.
📞 Viewing by appointment only – Contact Lansley Commercial: 0118 959 0271
Price: £495,000 Freehold – Don’t miss this rare opportunity!
Location
The property is located on the much sought after Caversham Road. Mixed-Use Investment Properties of this kind are rarely available and are much sought after. Prominent, highly visible parade of shops within walking distance of Reading Town Centre.
Accommodation
Ground Floor A3/E Class Commercial Unit – Currently Operating as an established (17 years in current premises) Café and Catering Business - (circa 1050sq.ft. - 98m2) with seating area, coffee and cake preparation area, and commercial kitchen with canopy extractor.
First Floor: Spacious living room and kitchenette area (circa 12'4'' x 12'4''), bedroom 1 (circa 12'4'' x 12'), bedroom 2 (circa 7' x 9'11''), each with a bathroom with W.C. (circa 8' x 6').
Second Floor (Loft Room): Generous bedroom (circa 14'10'' x 15'3'') with good head height and an ensuite shower room.
Terms
A new 10-year FRI lease at a rent of £18,000 per annum (£1,500 pcm) is currently being finalised with solicitors, with 3-year rent reviews and a break clause at the end of year 3, subject to 6 months' notice.
First and Second Floors - 3 Bedroom Flat (self-contained) (circa 765sq.ft. - 71m2):- A well-proportioned 3 bed Flat with separate entrance at the front. All three bedrooms are ensuite, offering excellent HMO potential, subject to necessary planning permissions if required. The flat is within walking distance of both Caversham town centre and Reading town centre.