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81 London Street, Reading, Berkshire... Residential development for sale
81 London Street, Reading, Berkshire, RG1 4QA
£725,000
81 London Street, Reading, Berkshire, RG1 4QA
£725,000
Our Summary
- Freehold Mixed-Use Investment /Development Central ReadingA prominently positioned Freehold building in the heart of Reading, benefiting from approved planning consent for the conversion of the upper floors into two spacious 3-bedroom apartments, each measuring approximately 104 sq m (Planning Ref: PL/23/1535, Reading Borough Council)
- This investment provides both immediate rental income and significant potential for capital growth through the residential conversion already approved
- In addition, there is scope for further residential development on the first floor, subject to the usual planning consents
- TenureFreeholdTenancyCommercial space currently let to Shichida UKPlanningPlanning permission has been granted for the creation of 2 3-bedroom apartments (Planning Ref: PL/23/1535, Reading Borough Council)
Description
This freehold property in central Reading offers a unique investment opportunity, generating a strong and reliable income from the ground-floor commercial unit and on-site car park, producing £19,000 per annum. The property also benefits from approved planning consent to convert the upper floors into two spacious 3-bedroom apartments, each measuring approximately 104 sq m. In addition, there is scope for further residential development on the first floor, subject to the usual planning consents. The property is located in a vibrant and well-connected area of Reading, with excellent public transport links, local amenities, and easy access to the town's shops, bars, and restaurants. With both immediate rental income and significant potential for capital growth, this investment provides a compelling opportunity for developers and investors alike.