For Sale – Two Freehold Lock-Up Garages, Caversham, Reading
Price: £32,000
An opportunity to acquire two freehold lock-up garages, currently let to an established local business, situated off Thames Avenue, Caversham, within very close proximity to the River Thames.
The garages provide secure parking / storage accommodation only and benefit from a shared forecourt and established access. The property produces a current income of £1,480 per annum, which we consider to be slightly under market levels, offering potential for future rental growth. The existing tenant may wish to renew the lease on expiry in March 2026.
Ideal for private investors or owner-occupiers seeking a low-maintenance freehold asset in a strong residential location.
Key Highlights:
- Two freehold lock-up garages
- Currently let – income producing
- Popular Caversham location, close to the River Thames
- Approx. 750 sq.ft including forecourt
- No EPC required
Viewing strictly by appointment via Lansley Commercial.
Location
The garages are situated off Thames Avenue, in the sought-after Caversham area of Reading, within very close proximity to the River Thames. The location benefits from strong local demand for parking and storage due to surrounding residential properties, limited off-street parking and easy access to Caversham Road and Reading town centre. The immediate area is well established and popular, making the garages suitable for continued parking or storage use.