Vacant freehold mixed-use development opportunity in central Reading, offered at £550,000 with planning permission approved for two 2-bedroom maisonettes while retaining the ground-floor commercial accommodation.
The property extends to approximately 2,939 sqft across basement, ground, first and second floors. Existing accommodation includes an 850 sqft basement, 861 sqft ground-floor retail space and approximately 614 sqft on each of the first and second floors. Vacant possession throughout provides flexibility for the incoming purchaser.
Positioned in Reading town centre, the property benefits from strong footfall and excellent accessibility, with Reading Station and The Oracle within a short walk. The surrounding area includes national and independent retailers, restaurants and leisure operators, while Junctions 10, 11 and 12 of the M4 provide wider road connectivity.
Planning permission has been granted for conversion of the basement, first and second floors to create two 2-bedroom maisonettes, while retaining the ground-floor commercial accommodation. This provides a defined mixed-use development opportunity combining residential conversion with commercial space.
The property is currently under offer at an asking price of £550,000. Enquiries are encouraged for further information regarding the property and approved development scheme.
