This freehold mixed-use property presents a distinctive opportunity for investment and redevelopment in a central location in Reading. It features a ground-floor commercial space currently functioning as a café, alongside an upper-level guest house. The property is generating approximately £44,000 annually, ensuring immediate income while possessing significant potential for value enhancement. The sale includes the guest house's fixtures and fittings, allowing for continued operation from day one.
Notably, planning permission has been secured to transform this asset into around 14 self-contained studio apartments equipped with kitchenettes, catering to the growing demand for flexible living arrangements suited for short-term rentals and contractor stays. The ground-floor café operates informally without a formal lease, offering purchasers flexibility to either retain the current use or explore alternative commercial options pending consent.
Located in close proximity to Reading railway station and surrounded by local amenities, this property benefits from high foot traffic and a vibrant commercial atmosphere. With its combination of steady income generation and robust redevelopment potential, it is an appealing opportunity for developers and investors aiming to cultivate a high-performing asset in a desirable area.
