Freehold Mixed Use Garage and Residential Property in Reading Berkshire
Reading, BerkshireAsking Price: £875,000
Status:
SOLD
Date Submitted:
07/07/25
Advert ID:
3062
Reference:
DR1611 / Rightbiz
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Business Details
FOR SALE – Freehold Investment | Alma Street, Reading RG30 Mixed-Use Garage & Residential Property –
🏡 FOR SALE – Freehold Investment | Alma Street, Reading RG30
🔧🏠 Mixed-Use Garage & Residential Property – Fully Let
An excellent opportunity to acquire a well-maintained, fully let freehold investment comprising a long-established garage/workshop (est. 1957), studio flat, 1-bed flat, and 3-bed maisonette.
- 💷 Total Rental Income: £6,850 pcm / £82,200 p.a. (incl. utilities)
- 📉 Net Income (after utilities): approx. £79,200 p.a.
- 📈 Net Yield: approx. 9.1% (based on £875,000 asking price)
- 📏 Approx. 3,500 sq.ft / 325 m²
- 🏗️ Development Potential above the garage (subject to planning)
- 📍 Prime West Reading location – close to town centre, A4 & M4 access
✅ A rare, income-producing asset with strong rental return and long-term growth potential.
💰 Price: £875,000 Freehold
📞 Ref: DR.1611 | Contact Lansley Commercial – 0118 959 0271
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