Thameside Hotel 144-150 Caversham Rd 25 Room Hotel Reading RG1 8AZ $4,560,377 CAD ($182,415 CAD/Room)

Freehold Hotel & Development Opportunity – Reading
A substantial freehold property arranged as a former 22-bedroom en-suite hotel with additional studio accommodation, occupying a prominent position within walking distance of Reading town centre and mainline railway station.
• Four adjoining freehold buildings (144–150 Caversham Road)
• Approx. 9,278 sq ft (862 sq m) GIA
• 22 fully en-suite guest bedrooms
• 2 self-contained studio apartments (currently let)
• Reception, bar, restaurant & commercial kitchen
• Rear yard with approximately 4–5 parking spaces
• Suitable for hotel reopening, alternative hospitality use or redevelopment (STPP)
• Adjoining property also available separately, offering the opportunity to create a larger combined site
Guide Price: £2,500,000 – Freehold
Further information available to qualified applicants.
Lansley Commercial
Tel: 0118 959 0271
Email: info@lansleycommercial.co.uk
The ground floor provides a reception foyer/lounge area, bar, dining/restaurant space with hardwood tables and upholstered seating and a fully equipped commercial kitchen, together with ancillary areas including customer W.C.’s, laundry, stores and a dedicated boiler room housing three boilers (two recently installed (new) Worcester units). The restaurant/café area includes fitted counter displays and commercial coffee equipment etc.
The upper floors comprise 22 fully en-suite guest bedrooms (3 singles, 16 doubles and 3 larger/family rooms), all fitted and previously operational. To the rear are two self-contained studio apartments with independent access, currently let on short-term ASTs. Externally, the property benefits from rear access and rear yard providing approximately 4–5 on-site parking spaces. The building is already set up to operate as a hotel and would mainly need cosmetic improvements before reopening, subject to purchaser requirements.