Alma Street, Reading RG30 4 bed house for sale

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Alma Street, Reading RG30 4 bed house for sale

Alma Street, Reading, RG30
£875,000

Our Summary

  • ft / 325 m² GIA• Potential for development above the garage (subject to planning)• Convenient West Reading location – close to town centre, A4 & M4 linksA rare, income-producing asset with long-term growth potential and diversified rental stream

Description

This is a rare opportunity to acquire a fully let freehold investment property in Reading, comprising a long-established garage/workshop, studio flat, 1-bed flat, and 3-bed maisonette. The property generates a total rental income of £6,850 per month, or £82,200 per annum, with a net income of approximately £79,200 per annum after utilities. The property offers a net yield of approximately 9.1% based on the asking price of £875,000. With a total gross internal area of approximately 3,500 square feet, the property also has potential for development above the garage, subject to planning permission. Located in a convenient West Reading location, close to the town centre, A4, and M4 links, this is an excellent investment opportunity with long-term growth potential and a diversified rental stream.