Mixed Use Freehold Investment Property For Sale in Reading Berkshire on Whitley Street
Reading, BerkshireAsking Price: £375,000
Status:
UNDER OFFER
Date Submitted:
17/03/26
Advert ID:
3722
Reference:
Dr1676 / Rightbiz
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Business Details
Mixed Use Freehold Investment Property For Sale in Reading, Berks - Whitley Street
Freehold Commercial Mixed-Use Investment Property
3 Whitley Street, Reading, Berks, RG2 0EG
An opportunity to acquire a freehold mixed-use investment property situated within a well-established neighbourhood parade on Whitley Street, Reading, approximately 1 mile south of Reading town centre.
The property comprises a ground floor retail unit, currently occupied by Age UK, together with a self-contained three-bedroom maisonette above, accessed independently from the rear.
The ground floor commercial premises extend to approximately 750 sq ft and benefit from a double shop frontage, open plan retail space and ancillary accommodation to the rear including storage, kitchen and staff facilities, together with a rear access.
The upper parts comprise a three-bedroom maisonette, arranged over the first and second floors, offering well-proportioned accommodation including living room, kitchen and bathroom. The flat is currently let on an Assured Shorthold Tenancy and is considered to offer scope for rental improvement.
The commercial lease has expired and is currently holding over under the Landlord & Tenant Act 1954, with a rent review outstanding and negotiations ongoing. This presents an opportunity for an incoming purchaser to rebase the commercial rent and enhance overall investment performance.
The property is located within a busy local retail parade serving a densely populated residential catchment, with a mix of convenience retail, takeaway operators, salons and independent businesses nearby.
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