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Cross Street, Reading, Berkshire, RG1 Plot for sale

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Cross Street, Reading, Berkshire, RG1 Plot for sale

Cross Street, Reading, Berkshire, RG1
£600,000

Our Summary

  • Located in the heart of Reading town centre, 20 Cross Street is a versatile freehold commercial property arranged over five floors, offering both strong existing rental income and exciting development potential
  • Planning permission has been granted by Reading Borough Council (application number PL/22/1423) for the conversion of the upper floors into three one-bedroom residential flats
  • This approval presents a compelling opportunity for investors or developers to unlock additional value in a prime central location, just moments from The Oracle shopping centre and Reading railway station
  • 20 Cross Street offers a rare opportunity to acquire a centrally located, income-generating asset with clear potential for residential conversion in one of the South East's fastest-growing urban centres
  • Planning Application Number PL/22/1423
  • Planning Approved for 3 x One Bedroom Apartments on upper floors

Description

Located in the heart of Reading town centre, 20 Cross Street is a versatile freehold commercial property that offers a strong existing rental income and exciting development potential. The property is currently fully let, generating an annual income of £40,600, with a projected potential of up to £70,000 per annum. The building has a mix of uses, including a beauty salon, medical treatment rooms, a tattoo parlour, and office accommodation, with tenancies on the upper floors on flexible terms. Planning permission has been granted to convert the upper floors into three one-bedroom residential flats, offering a compelling opportunity for investors or developers to unlock additional value in a prime central location. The property is situated just moments from The Oracle shopping centre and Reading railway station, making it an attractive opportunity for those looking to acquire a centrally located, income-generating asset with clear potential for residential conversion.