53, 55 & 55a Baker Street, Reading, Berkshire, RG1 7XX

Description

The properties are located on Baker Street within a densely populated residential district. The properties are accessible via the A329 and are approximately 0.7 miles west of Reading town centre.

Reading is a large town on the Thames and Kennet rivers in southern England. It's known for the annual Reading Festival, an outdoor rock music event. Shops and riverside restaurants dot the town centre.

Primmer Olds BAS are pleased to bring to the market this exciting opportunity to acquire a prominent mixed use building close to
Reading town centre. The property currently comprises of 8 flats, and we feel that STP there is scope to add a further 3 units. The current flats require modernisation to enhance their let ability and increase their capital value.

53, 55 & 55a Baker Street is within a row of three buildings split into varying different sized flats & commercial units.

53 Baker Street is currently broken up into 3 residential units, the ground floor being vacant with access to a small garden and the first and second floors being let the second floor is let on a protected rent act tenancy. There is a basement that interconnects with no.55 Baker Street and combined could possibly be converted into a further residential unit.

55 Baker Street is currently broken up into 5 flats with the possibility of converting into more flats (STP).

55a Baker Street currently comprises open plan office space with historic planning (now lapsed to convert into a small 1 bed house).

Planning

Planning reference 141120/FUL is with connection to the lapsed planning for no. 55a

Interested parties are advised to make their own enquiries of the local authority for confirmation.

EPC Text

Available on request

Terms

Offers considered in the region of £1,000,000 subject to contract for the freehold interest

Please note all prospective purchasers will need to be verified for 'Anti Money Laundering' purposes prior to issuing memorandum of agreed terms of sale.