92 Oxford Road, Reading, Berkshire, RG1 7LJ

Description

A Mixed Use Mid Terrace Building Arranged to Provide a Ground Floor Shop and Two Flats on the Upper Floors Fully Let Producing £48,000 Per Annum (Reflecting a Gross Initial Yield of 9.9% on the Guide Price). The property comprises a mixed use mid terrace building arranged to provide a ground floor shop and two flats on the upper floors.

Accommodation

Ground Floor: Retail Unit. First Floor: Reception Room, Kitchen, Bedroom, Bathroom. Second Floor: Reception Room, Kitchen, Bedroom, Bathroom.

Location

The property is situated on a mixed use road in Reading city centre close to local shops and amenities. The open spaces of Prospect Park are within easy reach. Transport links are provided by Reading rail station.

Tenure / Property Information

Investment Analysis

The property is fully let at £48,000 per annum, equating to approximately 9.9% on the £485,000 guide. Sold comparables on the same road range from £250,000 to £400,000, but they are not sufficiently comparable to establish a reliable mixed-use GDV. No refurbishment requirement or external rental comparable is evidenced.

Investment Snapshot

Strategy Recommendation

Income-led mixed-use investment, subject to legal-pack review, tenancy verification and confirmation of all property and operating costs.

Works Required

No specific works are evidenced. Verify condition, compliance, EPCs, services and any required works through inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because no reliable GDV, refurbishment budget or refinance valuation is evidenced. The stated income may support an investment case, subject to tenancy, lease and legal-pack verification.

Buy-to-Let Analysis

The property is fully let with stated rent of £48,000 per annum. At the £485,000 guide, the gross yield is approximately 9.9%, reducing to approximately 9.86% including the known £1,800 administration charge. Net yield cannot be established because operating costs, finance costs, taxes and other purchase fees are unavailable.

Flip Analysis

A flip surplus cannot be calculated reliably. The available sold comparables are historic and not sufficiently comparable to establish a supported GDV for this mixed-use, fully let property.

Investor Risks & Due Diligence

• Both flats are subject to periodic tenancies, so occupation and income may be less secure than fixed-term leases.

• The commercial tenancy and lease terms are not supplied.

• Special-condition fees, legal fees, transfer fees, search fees and seller-cost reimbursements may be payable.

• EPC, council tax, parking, heating and other compliance/property-cost information is unavailable.

• No reliable market valuation or sufficiently specific rental comparable is evidenced.

Recommendation

Income-led mixed-use investment, subject to legal-pack review, tenancy verification and confirmation of all property and operating costs.

Strategy Rating

Analysis Confidence

The annual rent, guide price, tenure, occupancy and one known fee are supplied, but there is no reliable mixed-use GDV, refurbishment budget, external rental evidence or full fee schedule.