For SaleTownhouse in Water Road and Dee Road, Reading, Berkshire, RG30£1,500,000
Property Type
Townhouse
Tenure
Freehold
Price
£1,500,000
Stage
Under Offer
Key Features
- Full planning permission for 11 homes
- Mix of 4 and 3 bedroom townhouses and semi detached houses
- Gdv of approximately £5m £5.5m
- Includes two affordable homes and a section 106 payment of £75,000
- Quiet, well established residential area
- Within walking distance of local shops, schools and amenities
- Well served by public transport
- Reading borough council planning app no: 161507
Description
This is an excellent opportunity to acquire a development site with full planning permission for 11 homes in a popular residential location in Reading.
The site is currently occupied by 4 houses, which will be demolished to make way for the new development. The new homes will comprise a mix of 4 and 3 bedroom townhouses and semi-detached houses.
The Gross Development Value (GDV) of the site is estimated to be between £5m and £5.5m. The development includes two affordable homes and a Section 106 Payment of £75,000.
The site is located in a quiet, well-established residential area within walking distance of local shops, schools and amenities. It is also well-served by public transport, with regular bus services to Reading town centre.
This is a unique opportunity to acquire a development site with full planning permission for 11 homes in a popular residential location in Reading. The site is well-located and has the potential to generate a significant return on investment. Bids are invited in writing to [email protected] by the 3rd November 2023
