For Sale2 Bedroom House in Hemdean Road, Caversham, Reading, Berkshire, RG4£600,000
Property Type
House
Bedrooms
× 2
Bathrooms
× 2
Receptions
× 2
Tenure
Freehold
Price
£600,000
Key Features
- Mixed use investment opportunity
- Ground floor commercial unit currently operating as a restaurant
- Split level one bedroom apartment
- Detached studio with mezzanine bedroom and terrace
- Generating £43,200 per annum rental
- Investment opportunity or business with living quarters
- Potential to split properties
- Epc rating is commercial use
Resources
Description
An opportunity to acquire an income generating mixed use investment in a prime location in Central Caversham. Occupying the corner is Hemdean Road and Oxford St. The property consists of a ground floor commercial unit with a one bedroom split level apartment above and a self-contained detached property to the rear which is accessed from Oxford St. The commercial unit currently operates as a restaurant with its previous use being a hairdressers salon. The apartment above occupies the top two floors and is currently let at a monthly rental of £1100. The apartment comprises of a lounge/diner with dual aspect windows, kitchen and shower room on the first floor and a double bedroom on the top floor. The self-contained property to the rear is a detached studio with vaulted ceilings, a mezzanine bedroom, fitted kitchen and shower room generating £1000 a month rent. The commercial unit is currently generating £18,000 per annum rental. The restaurant, which can accommodate at least 20 diners, has a kitchen, dining area, toilet and has small courtyard garden to the year. This superb opportunity will suit an astute investor looking for an income generating opportunity or suit someone wishing to run a business with incorporated living quarters.