Land
Key information
Features and description
- Freehold residential-led mixed-use development opportunity
- Planning permission for Class D1 commercial use and 21 residential units
- Approximately 0.07 hectares (0.185 acres)
- Close to town centre and transport links
- Part built development
- Offered on the instructions of the Joint Administrators
- Block viewings on 11 th march & 18 th march between 11:30 am 12:00 pm
- Online Auction on Wednesday, 26 March 2025
The property comprises a roughly L-shaped site totalling approximately 0.07 hectares (0.185 acres). Originally a two-storey mid-terraced period property, the building has been demolished and partially rebuilt, including a brickwork facade. Additionally, demolition/site clearance works to the buildings at the rear have been undertaken, including certain groundworks, ready for construction of the 21 unit scheme. The commercial unit will form part of the original building fronting London Street and all but one of the residential units will include a balcony or some outside space. (Please refer to the attached brochure for a summary of some of the works undertaken to date).
The residential scheme will provide the following accommodation (please refer to Additonal Details below for a full accommodation summary):
- One bedroom apartments - 5
- Two bedroom apartments - 12
- Three bedroom apartments - 4
Location:
Reading is a principal town in the Thames Valley lying approximately 40 miles west of London and 25 miles south east of Oxford. It is situated just to the north of the M4 motorway, from which it can be accessed via junctions 11 and 12. Reading railway station is a major rail hub providing regional and national rail links including direct services to London Paddington via GWR and the recently opened Elizabeth Line (Crossrail). Numerous bus services serve the area and London Heathrow Airport lies approximately 25 miles to the west.
London Street lies on the southern edge of the town centre running south from Queens Road (A329). The property lies on the east of the street close to the Oracle Shopping Centre and within a five minute walk of the town centre. The site lies within a mixed commercial and residential area.
Online Auction on Wednesday, 26 March 2025. For further information, such as legal documents and property information, please visit bidx1.com.
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