Kings Road, Reading, RG1

PROPERTY DESCRIPTION

A fantastic opportunity to purchase a commercial building with planning permission for 4 riverside apartments and further potential to convert the upper floors into 3 apartments. Set in heart of the town centre on the busy Kings Road with parking for 10 cars and mooring rights.

Planning Ref - 231334

https://planning.reading.gov.uk/fastweb_PL/detail.asp?AltRef=231334&ApplicationNumber=&AddressPrefix=58&Postcode=RG1+3AA&Submit=Search


EPC Rating C.

LOCATION
Central Reading is ideal for commuters and families, with fast non-stop services to London Paddington, easy access to M4 Junctions 11 & 12, and proximity to London Heathrow, just 30 miles away. The town blends historic charm with modern amenities, featuring the Town Hall, Abbey Ruins, and Forbury Gardens, alongside the newly developed Train Station and Oracle Shopping Centre, which offers a vibrant mix of bars, restaurants, and shops. Located between the River Thames and River Kennet, Reading boasts numerous leisure opportunities, including gyms, clubs, and sports teams. Its education options are excellent, with a renowned university, college, and top primary and secondary schools.

ADDITIONAL INFORMATION

No buisness rates for the ground floor.
Buisness rates for the upper floors £936 PM.
Cil and s106 is 116k combined.

BUYERS INFORMATION
To conform with government Money Laundering Regulations 2019, we are required to confirm the identity of all prospective buyers. We use the services of a third party, Lifetime Legal, who will contact you directly at an agreed time to do this. They will need the full name, date of birth and current address of all buyers. There is a non-refundable charge of £78.00 including VAT. This does not increase if there is more than one individual selling. This will be collected in advance by Lifetime Legal as a single payment. Lifetime Legal will then pay Us £26.00 Inc. VAT for the work undertaken by Us.

REFERRAL FEES
We may refer you to recommended providers of ancillary services such as Conveyancing, Financial Services, Insurance and Surveying. We may receive a commission payment fee or other benefit (known as a referral fee) for recommending their services. You are not under any obligation to use the services of the recommended provider. The ancillary service provider may be an associated company of Davis Tate. (Not applicable to the Woodley branch – please contact directly for further information).