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7-13 Alma St 3,013 SF 100% Leased Industrial Building Reading RG30 1JS $1,629,385 CAD ($540.78 CAD/SF) 4.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Let Commercial Investment
- Development Potential (STPP)
- Mixed-Use Freehold – Rare Opportunity
- Attractive Net Yield of approx. 9.1%
- Well-Located Asset - West Reading - 1.5 miles from Reading Town Centre
EXECUTIVE SUMMARY
A fully let freehold investment comprising a long-established garage/workshop (as operated since 1957, formerly one of the UK’s first MOT stations), a ground floor studio, and a converted residential building (maisonette) split into two self-contained flats.
Mixed-Use Garage & Residential Property – Fully Let
An excellent opportunity to acquire a well-maintained, fully let freehold investment comprising a long-established garage/workshop (est. 1957), studio flat, 1-bed flat, and 3-bed maisonette.
• Total Rental Income: £6,850 pcm / £82,200 p.a. (incl. electricity & water for flats)
• Net Income (after utilities): approx. £79,200 p.a.
• Net Yield: approx. 9.1% (based on £875,000 asking price)
• Approx. 3,500 sq.ft / 325 m² GIA
• Potential for development above the garage (subject to planning)
• Convenient West Reading location – close to town centre, A4 & M4 links
A rare, income-producing asset with long-term growth potential and diversified rental stream.
Mixed-Use Garage & Residential Property – Fully Let
An excellent opportunity to acquire a well-maintained, fully let freehold investment comprising a long-established garage/workshop (est. 1957), studio flat, 1-bed flat, and 3-bed maisonette.
• Total Rental Income: £6,850 pcm / £82,200 p.a. (incl. electricity & water for flats)
• Net Income (after utilities): approx. £79,200 p.a.
• Net Yield: approx. 9.1% (based on £875,000 asking price)
• Approx. 3,500 sq.ft / 325 m² GIA
• Potential for development above the garage (subject to planning)
• Convenient West Reading location – close to town centre, A4 & M4 links
A rare, income-producing asset with long-term growth potential and diversified rental stream.
PROPERTY FACTS
| Price | $1,629,385 CAD | Building Class | C |
| Price Per SF | $540.78 CAD | Rentable Building Area | 3,013 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 4.11% | Year Built | 1965 |
| Tenure | Freehold | Parking Ratio | 2.17/1,000 SF |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 2 |
| Property Subtype | Service |
| Price | $1,629,385 CAD |
| Price Per SF | $540.78 CAD |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Rentable Building Area | 3,013 SF |
| No. Stories | 3 |
| Year Built | 1965 |
| Parking Ratio | 2.17/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- 24 Hour Access
- Signage
- Energy Performance Rating - C
- Automatic Blinds
- Roof Terrace
UTILITIES
- Gas
- Water
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- J Bolton & Sons
- -
- -
- -
- -
- Rapid Personnel Ltd
- -
- -
- -
- -
- RPR Professional recruitment
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| J Bolton & Sons | - | - | - | - | ||
| Rapid Personnel Ltd | - | - | - | - | ||
| RPR Professional recruitment | - | - | - | - |
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7-13 Alma St
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