Sold

Library Parade, Crockhamwell Road, Reading, Berkshire, RG5 3LX

6150 sq ft

(1875 sq m)

For Sale £2,100,000 Offers in Excess of

for sale

  • For Sale Freehold. Not elected for VAT.
  • Investment producing £152,555 pax that will increase to approximately £170,555 pax when Unit 3 let. (See tenancy schedule).
  • Potential for future conversion of upper parts to residential to provide 7 flats (4x2-bed and 3x1-bed), STP.
  • Potential for future conversion of upper parts and redevelopment of rear car park to residential to provide 12x2-bed flats, STP.
  • Pre-planning application documents AND detailed positive response from Wokingham Council available upon request.
  • 5 self-contained retail units on ground floor (Units 1&2 combined)
  • Asset management opportunity
  • Large secure onsite car park (18-spaces)
  • Central position opposite Lidl AND next to public car park
  • Data Room - Access upon request

Income producing commercial investment opportunity with potential to surrender in part to redevelop and / or convert upper parts to residential, STP.

To discuss this property in more detail please contact:

Alec White