Studio for sale

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.

Location:
Situated on the corner of Hemdean Road which is off Church Street opposite Caversham Precinct and Oxford Street which runs between Hemdean Road and Prospect Street. Set in the heart of Caversham with an excellent range of shops, bars and restaurants and within walking distance of the River Thames and Reading train station. Caversham lies north bank of the River Thames, just two miles from Reading and the mainline train station. It’s easily accessible by the Caversham Bridge, Reading Bridge and Caversham Lock with Sonning Bridge a few miles east. The centre of Caversham features a shopping area including a Waitrose complemented by many good bars, pubs and restaurants. The local area has some fine schools including Thameside Primary School,
Highdown Secondary School, Queen Anne’s Caversham, Shiplake College, Reading Bluecoat and Reading School. The M4 is an easy drive away and reading train station has fast connections to London in under 25 minutes.