Water Road and Dee Road, Reading... Plot for sale

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Water Road and Dee Road, Reading... Plot for sale

Water Road and Dee Road, Reading, Berkshire, RG30
£1,170,000

Our Summary

  • For Sale by Modern Method Auction
  • This is an excellent opportunity to acquire a development site with full planning permission for 11 homes in a popular residential location in Reading
  • This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period")
  • For Sale by Modern Auction – T & C’s apply
  • Full planning permission for 11 homes
  • The Modern Method of Auction

Description

This development site in Reading is up for sale by modern method auction, offering a unique opportunity to acquire a plot with full planning permission for 11 homes. The existing 4 houses on the site will be demolished to make way for a mix of 4 and 3 bedroom townhouses and semi-detached homes, with a gross development value estimated between £5m and £5.5m. The development includes two affordable homes and a Section 106 payment of £75,000. Located in a quiet, well-established residential area, the site is within walking distance of local shops, schools, and amenities, with regular bus services to Reading town centre. The buyer and seller are required to complete the sale within 56 days, making this a timely opportunity for developers and investors.