- 2774 SQFT of Internal Space +
- Riverside Location in the Heart of Reading Town Centre +
- Parking for 10 Cars +
- Planning Permission for 4 Riverside Apartments +
- Further Potential for 2/3 Apartments +
- Current Potential Rental Yield of 8.5% +
- Mooring Rights +
- No Business Rates +
- EPC Rating C +
PROPERTY DESCRIPTION
A fantastic opportunity to purchase a commercial building with planning permission for 4 riverside apartments and further potential to convert the upper floors into 3 apartments. Set in heart of the town centre on the busy Kings Road with parking for 10 cars and mooring rights.
Planning Ref - 231334
EPC Rating C.
LOCATION
Central Reading is ideal for commuters and families, with fast non-stop services to London Paddington, easy access to M4 Junctions 11 & 12, and proximity to London Heathrow, just 30 miles away. The town blends historic charm with modern amenities, featuring the Town Hall, Abbey Ruins, and Forbury Gardens, alongside the newly developed Train Station and Oracle Shopping Centre, which offers a vibrant mix of bars, restaurants, and shops. Located between the River Thames and River Kennet, Reading boasts numerous leisure opportunities, including gyms, clubs, and sports teams. Its education options are excellent, with a renowned university, college, and top primary and secondary schools.
ADDITIONAL INFORMATION
No buisness rates for the ground floor.
Buisness rates for the upper floors £936 PM.
Cil and s106 is 116k combined.
CONVEYANCING
We work with DT Conveyancing to help you buy your property with confidence. Your dedicated conveyancer will keep you informed at every stage from start to finish. Making your move a stress-free and straightforward as possible.
MORTGAGES
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
Exclusive deals are made available to Embrace Financial Services by PRIMIS Mortgage Network, to which Embrace Financial Services are an Appointed Representative
Davis Tate Limited is an Introducer Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Limited which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.
Embrace Financial Services Ltd. is an Appointed Representative of PRIMIS Mortgage Network, a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.
LETTINGS and MANAGEMENT
We offer a complete range of services for Landlords, from fully managed lets to advertising only. Each Landlord who chooses full management has a personal Property Manager and all our fees are based on a ‘no let - no fee’ basis.
DISCLAIMER
These particulars are a general guide only. They do not form part of any contract. Services, systems and appliances have not been tested.
BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a nominal charge of £60 including VAT for this (for the transaction not per person), payable direct to Lifetime Legal. Please note, we are unable to issue a memorandum of sale until the checks are complete.
REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate.
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