Mobile/park home for sale

Oxford Road, Reading RG30

Strapline

Auction Sale - 24/09/2024

Of Interest to Investors and developers.

A freehold development site with resolution to grant for 30 apartments and one commercial unit. Asset management potential to let the property out in its current condition.

Vacant

Description

The Curzon Club is located to the west of Reading town and well positioned for local amenities and transport links. With two railway stations (Reading and Reading West) located within a reasonable walking distance the property, and frequent bus services, the property offers good connections to Reading and surrounding towns.

The site extends to approximately 0.2 acres (0.09 hectares) and is relatively square in shape, and comprises existing three storey commercial building and car parking for several cars. The current property has historically been used as a private members club and for hosting events.

Surrounding the site is a mix of residential and commercial areas, with the site providing access from the Oxford Road to the south. Tesco Extra can be found to the north which provides additional amenities such as Costa Coffee, Vision Express, in-store pharmacy and a petrol station. The Battle Public Library can be found less than approximately 100 meters to the west of the site. Further restaurants, takeaways and independent businesses are found within close proximity.

Location

Reading town centre is located approximately 1.1 miles to the east of the Curzon Club and offers an excellent shopping and leisure experience. There are a number of stores located in both the Oracle Shopping Centre and on Broad Street, including John Lewis, Marks & Spencer, Zara, H&M, Office and Next. Overlooking the Kennett and Avon canal are numerous bars and restaurants such as Nando’s, Las Iguanas, Pizza Express, Yo Sushi! And Cote Brasserie.

Further to the west of the site are the more urban areas of Tilehurst and Calcot, where a number of retail outlets can be found including Ikea, Sainsburys, Asda, Waitrose, Next, Dunelm and Porsche.

There are a number of schools locally and in the surrounding area, including Wilson Primary School, Ranikhet Academy, King’s Academy Prospect - all rated good by Ofsted in their most recent inspections. In central Reading there are two well respected grammar schools, Kendrick School for girls, and Reading School for boys.

Close to the site are several parks including, West Village Park circa 150 metres to the North West and Kensington Park circa 230 metres to the South. Approximately 1 mile to the South is Prospect Park, Readings Largest open space which offers views across the Kennet Valley. The park offers a number of sporting facilities with tennis courts, football pitches, and a children's park. Also located in the park is a Harvester restaurant. Further west in Calcot is the Calcot Park Gold Course which offers an 18 hole, Par 70 course.

Transport

Reading is well located along the Thames Valley corridor with access to good road networks, including the M$ (east and west), A33 to Basingstoke and the A329 (M) to Bracknell.

Reading railway station offers extensive services to the north west, including Birmingham, west towards Penzance and the direct services to London Paddington. The Elizabeth ne also offers direct services into central London.

The nearest airports to Reading are London Heathrow, followed by London Gatwick.

Tenancy

Vacant

Accommodation

Comprising over three floors with a Gross External Area of approximately 6,361 sq. Ft. (591 sq. M).

Parking for four vehicles and out buildings which have been used for storage.

Ground floor accommodation comprises two main bars, kitchen, toilets and storage.

The first floor staff room, additional kitchen and further rooms for storage.

The second floor provides living accommodation which includes a kitchen, family bathroom and three bedrooms.

Subject to the necessary planning consents, the property could provide an opportunity to convert the existing building to residential accommodation or a mixed use scheme.

Planning

Reading Borough council

Planning ref 221345

On 6th December 2023, the site gained resolution to grant (subject to the S106 agreement) for the demolition of the existing buildings and erection of a building of up to five storeys containing 30 flats, ground floor retail space and associated parking

The proposed development also benefits from 15 residents parking spaces, with one accessible space, features 52.4sq. M. Of community roof gardens, and has incorporated wild garden green roof space and photovoltanics panels.

The commercial unit has a gia of 125sq. M. And is well located in an areas which has a number of well known retailed and independent stores.