Summary - 8 ALMA STREET READING RG30 1JS
5 bed 1 bath Mixed Use
Established income with development upside near Reading transport links.
Fully let freehold investment with commercial and residential income streams
Long-established garage/workshop trading since circa 1957
Total rent £6,850 pcm (£82,200 pa); net income ≈ £79,200 pa
Indicative net yield circa 9.1% at £875,000 asking price
Approx. 3,500 sq.ft (325 m²) gross internal area
Development potential above garage, subject to planning permission
Landlord pays flats' electricity and water (approx. £3,000 pa)
Local area records very high crime levels — factor for management
This well-maintained freehold investment in West Reading combines a long-established garage/workshop with three self-contained residential units, all currently fully let. The mixed-use income is diversified across commercial and residential tenants, producing a gross rental income of £82,200 per year and an estimated net income of about £79,200 after utilities.
The commercial unit operates on a new 6 year 11 month FRI lease at £3,000 pcm and retains landlord-owned fixtures and equipment—historically trading as a garage/workshop since 1957. The flats (studio, one-bedroom and three-bedroom maisonette) are let on ASTs with residential rents inclusive of electricity and water; separate sub-meters and tenant-paid gas reduce landlord utility exposure.
On an asking price of £875,000 the property offers an indicative net yield of approximately 9.1%. At about 3,500 sq.ft GIA, there is clear scope for active asset management and potential development above the workshop, subject to planning. The location benefits from quick access to Reading town centre, the A4 and M4, and a wide range of local amenities.
Key considerations include the landlord responsibility for flat utilities (budgeted at roughly £3,000 p.a.), the local area’s very high crime level, and the need to secure planning consent for any roof/above-garage development. This is primarily an investor opportunity for those seeking stable income with short to medium-term value uplift potential.
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