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Terraced house for sale
16 & 16a Norcot Road, Reading, Berkshire, RG30
£350,000
16 & 16a Norcot Road, Reading, Berkshire, RG30
£350,000
Our Summary
- FREEHOLD INVESTMENT / DEVELOPMENT OPPORTUNITY - TILEHURST 16 & 16A Norcot Road, Reading, RG30 6BU Price for Freehold: £350,000 * Mixed-use commercial freehold comprising 2 premises * 16 Norcot Road - Let to beautician, £11,000 p
- * Rear garden & container storage (with power) * Development potential (STP) for residential/mixed-use * Approx
- Future redevelopment potential for residential/mixed-use (STP
Description
This is a freehold investment and development opportunity in Tilehurst, Reading, comprising two premises on Norcot Road. The property is currently let to a beautician at £11,000 per annum, while the adjacent 2-storey office space is vacant, with an estimated rental value of £18,000 per annum. The combined rental potential is £29,000 per annum. The property also features a rear garden and container storage with power. With a total floor area of approximately 1,900 square feet, the property offers potential for development (subject to planning) for residential or mixed-use purposes.