6 bed property for sale

Cross Street, Reading RG1

This substantial freehold building represents a premier investment opportunity situated in the absolute heart of Reading. Comprising a diversified mix of six one-bedroom apartments and two ground-floor retail units, the asset is fully income-producing and offers a secure, balanced portfolio within a single title.

The property is perfectly positioned to capitalise on the thriving local rental market, with the residential units offering significant potential for high-yield short-term or serviced accommodation strategies alongside traditional letting models. One of the standout features of this property is its potential for generating a substantial annual income of £158,000, showcasing a strong yield that is attractive for long-term rental sustainability.

The location is exceptional, placing tenants on the doorstep of Reading’s vibrant town centre. Residents enjoy immediate access to a vast array of high-street retail, independent cafes, and riverside dining at The Oracle, all just a short stroll away. The area is renowned for its dynamic lifestyle, blending historic charm with modern city conveniences, ensuring consistent and high tenant demand from business professionals and visitors alike.

Moreover, this property offers the flexibility to explore various income enhancement strategies. Investors can consider short-term serviced accommodation options, such as Airbnb. This adaptability allows for a tailored approach to maximise returns, catering to the evolving demands of the rental market.

Connectivity is a standout feature, with Reading Station located only a short walk from the property. This major transport hub offers rapid, direct access to London Paddington and extensive routes via the Elizabeth Line, making it a strategic choice for commuters working in the Capital or the Thames Valley. With its combination of immediate income, strategic location, and versatile asset management options, this freehold block is a compelling addition to any portfolio.