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3 Whitley St 751 sq ft Retail Property Reading RG2 0EG £395,000 (£525.97/sq ft)
Investment Highlights
- Freehold mixed-use investment opportunity
- Ground floor retail unit let to Age UK
- Established neighbourhood retail parade in Reading
- 1 mile south of Reading town centre
- Reversionary potential on both commercial and residential elements
- Mixed-use income profile (commercial + residential)
Executive Summary
An opportunity to acquire a freehold mixed-use investment property located within an established neighbourhood retail parade approximately 1 mile south of Reading town centre. The property comprises a ground floor retail unit let to Age UK together with a self-contained three-bedroom maisonette above, producing a current income of £21,680 per annum with clear potential for rental growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
751 sq ft
Costar Property Class
B
Year Built
1925
Price
£395,000
Price per sq ft
£525.97
Tenancy
Single
Number of Floors
3
Plot ratio
0.86
Total Plot Size
0.02 ac
Parking
2 Spaces (2.67 Spaces per 1,000 sq ft Leased)
Frontage
19 ft on Whitley Street
Amenities
- Bus Route
- Security System
- Signage
- Storage Space
1 1
Nearby Major Retailers
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3 Whitley St
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