Retail premises for sale

Whitley Wood Lane, Reading, Berkshire RG2

]The Opportunity
142–144 Whitley Wood Road sits on the roundabout junction of Whitley Wood Road and Whitley Wood Lane. It is a highly visible corner position with frontage to both roads, opposite an established local parade of shops.

The site provides three separate income streams:

Three ground floor retail and commercial units with shopfronts onto the junction, totalling approximately 210 square metres (2,260 square feet). Each unit has its own toilet, and there is a dedicated retail bin store and cycle parking.
House in Multiple Occupation:an elevenbedroom House in Multiple Occupation across the first and second floors. It has its own entrance and staircase, shared kitchen and living and dining space, a separate bin store and six cycle spaces.
Rear houses:three two-bedroom houses set around a landscaped courtyard. Each has an open-plan kitchen, living and dining room and a bathroom at ground floor, two bedrooms above, a private front garden and a first floor amenity terrace.
Externally, the courtyard provides three residential parking spaces and one commercial servicing space, plus electric vehicle charging points, a residential cycle store and soft landscaping.

Upper Floor Alternatives
Subject to the necessary consents, the upper floors are proposed for conversion into either seven self-contained studio flats or four family flats. A purchaser can therefore retain the House in Multiple Occupation for room-by-room income, or create individual flats for sale or a long-term hold.

Value
The estimated combined Gross Development Value of all elements on a break-up basis is in excess of £3,200,000 . Offers in the region of £2,600,000 are invited for the whole site, which is at offering the site at a major discount. Offers for individual elements may be considered.

Location
Whitley Wood is an established residential suburb approximately three miles south of Reading town centre. Junction 11 of the M4 is a short drive to the south, and the A33 relief road links to the town centre and Green Park business park.

The buzz 9 bus runs along Whitley Wood Road, connecting the town centre, the Royal Berkshire Hospital and Reading Green Park station. Green Park station opened in 2023 and has rail services towards Reading and Basingstoke. Reading station provides Elizabeth line and Great Western Railway services to London.

Further Information
Tenure, planning and Value Added Tax details are available on application. Purchasers should make their own enquiries of Reading Borough Council regarding planning. Each party is to bear its own legal costs. A full brochure with plans and artist-s impressions is available on request.

Viewings
Viewings are strictly by appointment through Galaxy Real Estate. Contact Simarjeet Singh on or .