Versatile Freehold Office Development Property in Prime London Street, Reading Location
Reading, BerkshireAsking Price: £325,000
Status:
SOLD
Date Submitted:
22/11/24
Advert ID:
2398
Reference:
DR1626 / Rightbiz
Call Agent:
Business Details
Freehold Office / Development / Investment Property in Reading - London Street
For Sale
Freehold Office / Development / Investment Property
Circa 2100sq.ft / 196M²
Vacant Possession - Four Levels including Basement
Planning Permission Granted for Self-contained C3 2 Bedroom Townhouse
114 London Street,
Reading, Berks,
RG1 4SJ
Location
Prominently positioned on a busy main road, on the edge of Reading Town Centre. Short walk from Reading Railway Station & The Oracle Shopping Centre. Within easy reach of the M4 Motorway (Junction 11). The area benefits from a wide range nearby amenities, including Cafes, Take-Aways, Offices and Shops in vicinity.
Premises
This four-level Freehold mid-terrace property, with E-Class use, is an excellent and versatile investment opportunity. It is currently a vacant, self-contained office building in good decorative condition throughout, with all necessary office functions, including storage. The property also benefits from planning permission for conversion into a 2-bedroom luxury townhouse apartment. The Grade II Listed front elevation adds historic character and charm to this versatile building.
Basement:- (circa. 470sq.ft. - 43m²). Wall tank coating, fitted cupboard housing water, gas and electric meters. Planning- to use as a basement store with a vault.
Ground Floor:- (circa. 562sq.ft. - 52m2) Grade II listed façade, double glazed windows, new skirting throughout, laminate flooring, CCTV, kitchenette, gas radiator heating throughout. Currently a well-presented Open Plan Office and Reception Room with access from front and side. Planning permission for a large kitchen and dining room. bins/refuse area and bicycle stands area in the rear yard.
First Floor:- (circa. 525sq.ft. - 48m²) two good size, well presented Offices, good natural light, gas radiator heating, original feature wooden doors, double glazed windows. Kitchenette and Reception Area. Planning permission for a lounge and study room.
Second Floor:- (circa. 525sq.ft. - 48m²) two good size, well presented and equipped Offices - one with entertainment / seated area. Kitchenette with fitted cupboards and sink. Two Cloakrooms - one with a shower. Planning permission for 2 bedrooms with a bath and shower room & W.C.
Outside
Rear Yard / Conservatory area (circa148sq.ft. - 13.7m2) access from ground floor walkway. Right of way access from rear of property. Planning permission for bins/refuse area and bicycle stands area in the rear yard.
EPC
E – 106. – High probability that this will be improved as all lighting has subsequently been upgraded to led
Notes
Grade II Listed Building: Adds historical significance and aesthetic appeal.
The property is equipped with an intruder alarm and all necessary cabling to operate as an office building.
Offers significant flexibility as either an office space or a residential development opportunity.
Selling Price:- Offers over £325,000 now invited.
Key Features
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