This property presents a compelling opportunity for renovation and investment, featuring a three-storey commercial building located in the bustling heart of Wokingham. Currently configured as a ground-floor retail space with self-contained ancillary areas above, it offers significant potential for development, particularly with approved plans for converting the first and second floors into three two-bedroom apartments.
The ground floor spans approximately 1,805 sq ft and includes open-plan retail space complemented by office rooms and storage, making it adaptable for various business needs. The upper floors provide an additional 2,476 sq ft of approved residential area, set to be transformed into well-appointed apartments. These plans detail spacious living arrangements, including modern kitchens and living areas designed to cater to contemporary lifestyles.
Located conveniently within walking distance of Wokingham Train Station, the property benefits from excellent transport links to both Reading and London. The surrounding area is vibrant and well-served by various amenities such as Co-Op Food, HSBC, Boots, Nando's, and Clarks. Additionally, there are four dedicated parking spaces at the rear of the building—an asset that enhances its attractiveness for future residential tenants or business clients.
Wokingham itself is known for its appealing blend of town charm and accessibility, with easy access to the M4 motorway facilitating travel into central London. The nearby Cantley Park provides a welcoming green space for residents and visitors alike. Given these factors—the property’s central location, existing approvals for conversion without S106 or CIL payments, and parcel characteristics—it stands as a unique investment opportunity ripe for transformation.
