Five Garages and Forecourt, Short Street, Caversham, Reading, RG4 8JB

The property comprises five adjoining brick-built lock-up garages, together with a paved forecourt and access passageway, just off Short Street in central Caversham.

Four are standard single garages, each estimated at approximately 150 sq ft (13.9 sq m). The larger garage is estimated at approximately 275 sq ft (25.5 sq m), giving a combined estimated garage area of 875 sq ft (81.3 sq m). These figures are indicative only. The five garages offered for sale are numbered 6 to 10 on the site plan. Garages 6 to 9 are standard-sized single garages, while Garage 10 is the larger end garage.

The garages have concrete floors and individual up-and-over doors and appear to be in reasonable overall condition. The roof to the larger garage was completely renewed in recent years, while the remaining garages have concrete and tarred roofs. A brand-new door has recently been installed on the second garage from the left.

All five garages are let under separate monthly agreements, producing £5,855.64 per annum, with potential for future rental growth.

Use: The garages are offered for private motor vehicle storage. Buyers should review the title documents with their solicitor for the restrictions affecting their use.

The forecourt and access passageway are included in the freehold sale, subject to existing rights of way.

The garages are situated just off Short Street in central Caversham, close to Prospect Street and its shops, cafés and other amenities. Reading town centre and the mainline railway station are approximately one mile to the south, with access available via Caversham Bridge.

Strictly by prior appointment through the sole agents, Lansley Commercial. Please do not disturb the existing occupiers.

Terms

All five garages are let under separate monthly agreements. The agreement template supplied is headed “Licence to Occupy a Lock-Up Garage” and provides for use to park a nominated vehicle, with rent paid monthly in advance. It prohibits parking in the courtyard and allows either party to end the agreement on one month’s written notice.

The current rents are £88.21, £79.80, £88.21, £77.25 and £154.50 per month, totalling £487.97 per month (£5,855.64 per annum). Copies of the signed agreements should be made available to buyers so they can check the terms for each garage.