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Prospect Mews, Prospect Street, Reading

South East

£115,000

Listed on 10/01/2025

The listing

Property details

Bedrooms
N/A
Type
Commercial Property
Area
398 sqft

Features

  • Parking

Description

This single-story freehold office premises in West Reading presents a compelling opportunity for those seeking to invest in a property with significant renovation and conversion potential. Conveniently located just a short stroll from Reading Town Centre, the building enjoys a prime position that is enhanced by two dedicated parking spaces. Currently utilized for commercial purposes, the property boasts versatile space that can be adapted to meet contemporary living needs. With appropriate planning permission, it holds the potential to be transformed into a stylish one-bedroom residence, catering to the growing demand for housing in this desirable area. The location itself is a notable asset, providing easy access to major transport links and local amenities. As part of the sought-after Prospect Mews neighborhood, this property combines accessibility with the potential for future value appreciation, making it an enticing option for investors looking to tap into the thriving real estate market in Reading. In summary, this offering not only features valuable commercial space but also presents an exciting canvas for creative renovation or redevelopment, appealing to both investors and developers alike.

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Map

Location

Prospect Mews, Prospect Street, Reading
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£434
Based on a loan of £86,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

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This calculation uses non-residential (land/commercial) tax rates.

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