A substantial freehold hotel and development opportunity comprising four adjoining properties extending to approximately 9,250 sq ft. The premises provide 22 en-suite guest bedrooms together with two self-contained studio apartments, plus reception/lounge, bar, restaurant area and fully equipped commercial kitchen.
Prominently positioned on Caversham Road, within walking distance of Reading mainline station, the property benefits from strong local demand and excellent connectivity.
The building is already configured for hospitality use and offers immediate operational potential, subject to cosmetic improvements. Additionally, the site presents significant scope for redevelopment or alternative uses, including serviced accommodation, mixed-use or residential conversion (subject to planning).
A rare opportunity to acquire a sizeable freehold asset in a prime Thames Valley location with both trading and asset management potential.*Four adjoining freehold buildings (144–150 Caversham Road)
- Approx. 9,278 sq ft (862 sq m) GIA
- 22 fully en-suite guest bedrooms
- 2 self-contained studio apartments (currently let)
- Reception, bar, restaurant & commercial kitchen
- Rear yard with approximately 4–5 parking spaces
- Suitable for hotel reopening, alternative hospitality use or redevelopment (STPP)
- Adjoining property also available separately, offering the opportunity to create a larger combined site
