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189-193 London Rd 2,901 sq ft 100% Let Retail Property Reading RG1 3NU £695,000 (£239.57/sq ft)
Investment Highlights
- Prominent mixed-use freehold situated on London Road in Reading
- Located within a busy, established parade benefiting from strong passing trade
- Close proximity to Reading University, Royal Berkshire Hospital, and town centre amenities
Executive Summary
Offered at £695,000, this fully let freehold property comprises two ground-floor commercial units, including a convenience store with basement storage and a hot food takeaway, plus two self-contained one-bedroom flats above on Assured Shorthold Tenancies. The asset generates a combined annual rental income of approximately £49,740 under long-term FRI leases, providing a secure income stream. Located on London Road near Reading University and Royal Berkshire Hospital, the property benefits from strong footfall and a vibrant local trade environment.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,901 sq ft
Costar Property Class
B
Year Built
1965
Price
£695,000
Price per sq ft
£239.57
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
1.23
Total Plot Size
0.05 ac
Frontage
42 ft on London Rd
Amenities
- Bus Route
- Security System
- Signage
- Roller Shutters
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Nearby Major Retailers
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189-193 London Rd
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