Oxford Road, Reading

OIEO £750,000 Available
  • £57,600 Income Per Annum
  • Approx 1 Mile West Of Town Centre
  • Great Location
  • 7% Gross Yield
  • High Footfall Area
  • Strong Rental Area

Two substantial freehold properties available for sale currently producing an annual income of £57,600. This rental powerhouse is made up of two street facing commercial units in the heart of the Oxford Road with three studio flats above one and a two bedroom duplex above the other. The plot can be accessed at the rear via Wantage Road and the back of the plot features a further one bedroom annex with the potential to extend further subject to the necessary planning consents. An excellent opportunity to acquire a pair of well looked after rental properties ready for new ownership.

Other Information...
Commercial lease: 7 years remaining until 2027.
Vendor Position: Motivated. No chain.
Available: Fully let or in vacant possession.
Annual Income: £57,600.00
Yield: 7% gross based upon current rent and £850k purchase price

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Floor Plan