This freehold property presents a distinctive opportunity for those interested in renovation and investment in the heart of Reading Town Centre. Comprised of two adjoining office buildings across three stories, the site currently features six distinct office units, offering immediate potential for income generation.
The layout of the property allows for various configurations and could be adapted to meet changing demands in the market. With vacant possession available, new owners can explore conversion options under permitted development regulations, subject to acquiring necessary consents. This adaptability enhances its appeal as a long-term investment.
Located in a prominent town center area, the property benefits from strong foot traffic and proximity to local amenities, making it an attractive option for businesses or residential conversion. Current estimates suggest an annual income potential of approximately £90,000 from existing office units, yielding around 6.9%. This underscores the property's capacity not only for immediate rental income but also for future growth through redevelopment or repurposing.
For additional details on this promising investment opportunity and further insights into its renovation possibilities, inquiries are welcome.
