Freehold Mixed Use Investment Property on Prospect Street Caversham Reading Available
Reading, BerkshireAsking Price: £395,000
Status:
UNDER OFFER
Date Submitted:
22/10/25
Advert ID:
3372
Reference:
DR1659 / Rightbiz
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Business Details
Freehold Mixed-Use Investment – Fully Let Property on Prospect Street, Caversham
Freehold Mixed-Use Investment – Fully Let Property on Prospect Street, Caversham, Reading
A well-presented and fully let freehold mixed-use investment property, prominently situated on Prospect Street in the heart of Caversham’s thriving retail centre. The property comprises a ground floor retail unit together with two residential flats above, producing a combined rental income of £28,700 per annum (inclusive of utilities for the flats).
Ground Floor Commercial: (circa. 625sq.ft) A fully let freehold mixed-use investment property comprising an established dry-cleaning business operating from the ground floor. The unit benefits from a double-fronted shop frontage, W.C., small kitchenette, and rear access to the bin area and to the self-contained upper flat.
Commercial Lease: 12-year FRI Lease from 9th June 2020 until 8th June 2032. Current Rental Income: £13,000 per annum (£1,083 per month). 4 Year Rent reviews - June 2024 (not yet enacted) & June 2028) Rent Paid Quarterly – 3 month Rent Deposit (£3,250). Inside the L&T Act 1954. No Break Clause.
The Upper Floors are arranged as a one-bedroom flat on the first floor and a studio flat on the second floor, currently let and producing a combined rental income of £16,800 per annum (£700ea pcm). The flats share a bathroom and have separate electricity meters.
Residential EPC: D62 (Valid to February 2029).
Located close to Caversham Bridge and within walking distance of Reading town centre and the mainline station, this property enjoys excellent footfall, transport links, and access to local amenities.
This is an ideal long-term investment opportunity, offering a stable income stream from both commercial and residential tenants in one of Reading’s most desirable suburban retail locations. Total Rental Income: £2483pcm / £29,800 p.a. – incl. gas -separate electricity (pay as you go) submeters and water covered by tenants.
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