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189-193 London Rd 2,901 SF 100% Leased Retail Building Reading RG1 3NU $943,012 ($325.06/SF)
Investment Highlights
- Prominent mixed-use freehold situated on London Road in Reading
- Located within a busy, established parade benefiting from strong passing trade
- Long lease to established convenience store tenant - recently re-let takeaway unit
- Close proximity to Reading University, Royal Berkshire Hospital, and town centre amenities
- Fully let freehold mixed-use investment - Two commercial units plus two residential flats
- Scope to improve residential units and enhance income
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
Storefront Retail/Residential
Building Size
2,901 SF
Building Class
B
Year Built
1965
Price
$943,012
Price Per SF
$325.06
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.23
Lot Size
0.05 AC
Frontage
42’ on London Rd
Amenities
- Bus Line
- Security System
- Signage
- Automatic Blinds
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Nearby Major Retailers
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189-193 London Rd
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