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No longer on the market

This property is no longer on the market

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Land

Auction
Land
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 10000Mbps *
Mobile signal
EEO2ThreeVodafone

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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About this agent

BidX1 - Nationwide Auctions
BidX1 - Nationwide Auctions
Henry Wood House, 4-5 Langham Place London W1B 3DG
020 8033 0374
Full profileProperty listings
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts.  To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform.  BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides.  Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.
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