81 London Street, Reading, Berkshire, RG1 4QA

This freehold mixed-use property is strategically located in the bustling heart of Reading, presenting a unique investment opportunity. The building has secured planning approval for the conversion of its upper floors into two generous 3-bedroom apartments, each spanning approximately 104 sq m (Planning Ref: PL/23/1535, Reading Borough Council). Currently, the ground floor commercial space is leased to Shichida UK, alongside an on-site car park, generating a consistent annual income of £27,000. Given the already approved residential conversion, there’s significant potential for capital appreciation and further development opportunities on the first floor pending additional planning consents. The area boasts excellent transport links and numerous local amenities, including green spaces like Forbury Gardens and proximity to major institutions such as Royal Berkshire Hospital and Reading University. This property is an attractive option for investors seeking immediate returns with promising long-term growth through residential redevelopment.