For SaleTownhouse in Station Road, Reading, Berkshire, RG1£900,000
Property Type
Townhouse
Tenure
Freehold
Price
£900,000
Key Features
- Exciting mixed use development opportunity
- Prime town centre location 100 metres from reading station
- Approximately 7000 ft2 (656m2) of space set over 6 floors
- Planning for 7 apartments and two floors of commercial space
- Reading borough council planning nos. 230202 & 230203
Description
An exceptional opportunity to acquire this notable landmark building in this prominent location less than 100 metres from Reading Station. This Grade II listed building featuring a distinctive 1903 Baroque Art Nouveau terracotta facade presents a rare chance for a new owner to revive and reimagine a highly recognisable property in the heart of Reading.
Extending to approximately 7,000 sq. ft (approximately 656 sq. metres) over 6 floors the building has primarily functioned as commercial office space and now offers the potential to create a truly unique commercial or mixed-use scheme in a prime and highly visible location.
The property benefits from planning consent to convert the upper floors of the building into residential accommodation. The approved plans provide for into 7 apartments (6 x 1 Beds and 1 x 2 bed), together with commercial units at ground floor and basement levels, offering flexibility for a variety of occupiers.
Given its prominent position and generous internal space, the building offers excellent potential for a range of commercial uses including a restaurant, bar, gym, retail premises, or office space. The property would suit an owner-occupier seeking a distinctive home for their business, as well as investors looking for either a fully commercial investment or an attractive mixed-use commercial and residential development opportunity.
Overall, this is a rare chance to secure a landmark building with significant development potential in one of Reading's most desirable and central locations.