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7 Blagrave St 1,190 SF Retail Building Reading RG1 1PJ $2,049,006 CAD ($1,721.85 CAD/SF)
Investment Highlights
- Freehold mixed-use investment & development opportunity.
- Planning consent for approx. 14 self-contained studio apartments.
- Suitable for serviced accommodation, short-term lets & operators.
- Sought after central Reading location close to mainline station.
- Upper floor guest house business included with fixtures & fittings.
- Significant potential to increase income and asset value.
Executive Summary
Freehold mixed-use investment in Reading town center comprising a ground floor commercial unit and 5-bedroom guest house generating £44,000 annual income. Planning permission approved (on appeal) for a substantial redevelopment including façade retention, delivering approximately 14 self-contained studio apartments with kitchenettes plus ground floor commercial space. Existing guest house includes fixtures, fittings, and operational setup, allowing immediate trade continuation. Flexible commercial element currently operated as café without formal lease, offering options for re-use or re-letting. Positioned near Reading railway station with strong connectivity, high footfall, and established commercial surroundings for exceptional redevelopment potential and increased income opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,190 SF
Building Class
B
Year Built
1885
Price
$2,049,006 CAD
Price Per SF
$1,721.85 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.91
Lot Size
0.03 AC
Frontage
20’ on Blagrave Street
Amenities
- Bus Line
- Security System
- Air Conditioning
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Nearby Major Retailers
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7 Blagrave St
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