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10 bedroom block of apartments for sale
Whitley Street, Reading RG2
£1,200,000
Whitley Street, Reading RG2
£1,200,000
Our Summary
- Exceptional Investment Opportunity in Reading – Mixed-Use Property
- Discover an outstanding investment opportunity in the vibrant town of Reading
- 8 miles from Reading University, offers a unique blend of commercial and residential potential
- Parking: Private parking at the rear of the building, offering potential for extension (subject to planning permission)
- Investment Potential:
- This property not only stands out due to its location and built-in revenue streams but also offers further potential through development extensions
- Explore the potential today – contact us for more details and to schedule a viewing
Description
An exceptional investment opportunity awaits in the vibrant town of Reading with this mixed-use property. Strategically located just 0.8 miles from Reading University, the property offers a unique blend of commercial and residential potential, ideal for investors seeking to maximize returns with a dual revenue stream. The property features two expansive shop fronts currently leased to a thriving restaurant, generating £1,500 per month, as well as a fully licensed 10-bedroom HMO spread across the first and second floors, currently generating £8,516 per month from an established housing provider. Additional features include four well-maintained bathrooms, triple kitchen facilities, and private parking at the rear of the building. With a proximity to the university and dual revenue stream, this property offers an attractive gross yield of nearly 10% and substantial returns for investors.