81 London Street, Reading, Berkshire, RG1 4QA

This freehold mixed-use property is strategically located in central Reading, presenting a compelling investment opportunity. With approved planning permission for the conversion of the upper levels into two generously-sized 3-bedroom apartments, each approximately 104 sq m, this property is primed for redevelopment (Planning Ref: PL/23/1535, Reading Borough Council). Currently, it benefits from a steady rental income of £27,000 per annum from an operational ground-floor commercial unit and an attached car park. The potential for residential expansion on the first floor also exists, pending standard planning approvals. This offers investors both immediate financial returns and substantial long-term value enhancement through conversion and development in a highly sought-after area. The vibrant locale offers excellent transport links and numerous amenities nearby, including parks, hospitals, educational institutions, and dining options.