Freehold mixed-use investment and development opportunity in central Reading, currently generating approximately £44,000 per annum and benefiting from planning permission for approximately 14 self-contained studio apartments.
The property combines a ground-floor commercial unit currently operating as a café with an upper-floor guest house business. The guest house operation, fixtures and fittings are included in the sale, enabling a purchaser to continue the existing accommodation operation. The café occupies the ground floor on an informal basis with no formal lease, providing flexibility for a purchaser to occupy, re-let or pursue an alternative commercial use, subject to any necessary consents.
Located in the heart of Reading town centre, close to Reading railway station and local amenities, the property benefits from a prominent, well-connected commercial setting and high footfall.
Planning permission has been granted on appeal for redevelopment to provide approximately 14 self-contained studio apartments with kitchenettes. The consented scheme creates significant scope to enhance the property's accommodation offering, income potential and asset value, with the proposed units suited to serviced accommodation, short-term lettings and contractor stays.
Offered freehold with the price available on application. Enquiries are encouraged for further information on the existing income, guest house operation and consented redevelopment scheme.
