7 Blagrave Street, Reading, RG1 1PJ

Summary

A rare opportunity to acquire a freehold mixed-use investment and development opportunity in a prime central Reading location, comprising a ground floor commercial unit currently operating as a café together with an upper floor guest house, and the benefit of planning permission for a significantly enhanced redevelopment scheme.

The property currently generates an income of approximately £44,000 per annum, providing immediate revenue whilst offering substantial scope to enhance value. The upper floor guest house operation is included within the sale, together with fixtures and fittings, allowing a purchaser to continue trading from day one.

Planning permission has been granted (on appeal) for the redevelopment of the property to provide approximately 14 self-contained studio apartments with kitchenettes, creating a higher-density and more flexible accommodation model ideally suited to serviced accommodation, short-term lettings and contractor stays.

The ground floor commercial unit is currently operated as a café on an informal basis, with no formal lease in place, and will be offered with full flexibility for a purchaser to occupy, re-let or introduce an alternative commercial use, subject to the necessary consents.

Situated in the heart of Reading town centre and within close proximity to Reading railway station, the property benefits from strong transport links, high footfall and a vibrant commercial environment. The location, combined with the consented scheme, provides a compelling opportunity for developers, investors and operators seeking to create a high-performing, income-producing asset.

Overall, the property offers a unique combination of immediate income, operational business, development potential and flexibility, making it an attractive proposition in a sought-after and well-connected location.

Key Points

Viewings

Viewings strictly by appointment through the sole agents, Lansley Commercial.

Applicant Agency Fee

Agent's Fee: £650 plus VAT, payable by the purchaser upon completion of the sale to Lansley Commercial for introducing and facilitating the transaction.

Location

Central Reading location, close to the railway station and local amenities