Introducing a rare and exceptional investment opportunity! This prime commercial property, located on Southampton Street, Reading, RG1 2, offers a unique blend of a bustling retail unit with high footfall and three self-contained flats above, ensuring a strong rental demand. With an asking price of £499,950, this freehold mixed-use property presents a potential rental yield of 10%, currently achieving 8%. The location is truly unbeatable, nestled in a thriving commercial area of Reading, providing excellent transport links and close proximity to Reading Station. This property is perfect for small businesses seeking a vibrant and high-traffic location to establish their presence.
Conveniently situated within close proximity to an array of amenities, including supermarkets such as Tesco Express (0.17km) and a variety of dining options like Pizza 2 Night (0.21km) and Chicken Cottage (0.26km), this property ensures both convenience and accessibility. Moreover, with nearby shopping centers, hospitals, doctors' offices, pharmacies, fitness clubs, nightlife spots, cinemas, theaters, parks, post offices, libraries, and natural tourist attractions, the area offers a diverse range of facilities for both business and leisure.
Furthermore, the property is within walking distance to bus stops such as Katesgrove, Crown Street (0.24km) and railway stations including Reading Station (1.06km), providing seamless connectivity for tenants and customers alike. In addition, the presence of notable landmarks like Forbury Gardens (0.84km) and Vue Reading (0.42km) enriches the surroundings, making it an appealing destination for residents and visitors. With its strategic location and diverse offerings, this property presents an unparalleled opportunity to own a valuable asset in a thriving and prosperous locale.
This is a chance not to be missed – a versatile and lucrative investment that promises both immediate returns and long-term value. Embrace this exceptional opportunity to own a freehold mixed-use property in one of Reading's most vibrant and sought-after locations. Enquire now to secure your position in this flourishing commercial hub!
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Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
Southampton Street, Berkshire, RG1
