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Caversham Road, Reading RG1

Prominent Freehold Office Building Suitable for Alternative Uses
  • A purpose built office building prominently located in the heart of Reading town centre.
     
  • The building is located 0.3 miles from Reading Station (Elizabeth Line & Great Western Rail) offering easy access to Central London.
     
  • Great Western Rail provides direct access to London Paddington in 21 minutes.
     
  • Arranged over basement, ground, first, second and third floors.
     
  • Dedicated secure underground parking for 12 cars.
     
  • Measuring 25,986 sq ft GIA.
     
  • Currently operated on a management agreement, with vacant possession available with 6 months’ notice. Further information available upon request.
     
  • The property lends itself to alternative uses and may suit conversion to residential, co-living or a hotel subject to obtaining the necessary consents.
     
  • There have been indicative schemes drawn up to convert the building into 36 residential units via permitted development or 60 co-living / hotel beds.
     
  • EPC Rating of C.
     
  • The building is VAT elected.
     
  • Available to purchase either with Vacant Possession or with the benefit of the existing management agreement.

Offers in excess of £3,000,000 (Three Million Pounds) subject to contract, which reflects an incredibly low capital value of £115 per sq ft against the GIA.

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