Land For Sale £550,000
Bedford Road, Reading, Berkshire RG1
previous price £600,000

An exciting opportunity to acquire a consented development plot in this prominent corner location on the Western side of Reading Town Centre. The former Battle Inn public house on the corner of Oxford Rd and Bedford Road has planning to demolish and redevelop. This well located site is a short walk to Reading Station with its direct link to London Paddington in just over 20 minutes and soon to be on the Elizabeth Line (Crossrail) linking Reading to Canary Wharf and the City of London. Planning has been approved for 6 apartments (4 x 1 bed & 2 x 2 bed units) and a ground floor commercial unit in this excellent location a short walk to Reading Town Centre's shops, bars and restaurants. The commercial unit is approximately 1151 sq. Ft. (107 Sq. Metres.) There are three 1 bedroom apartments approved on the first floor. Each of these are approximately 430 Sq. Ft. (40 sq. Metres.). The second and third floors have planning for a single two bedroom apartment on each floor. Both of these are approximately 753 sq. Ft. (70 sq. Metres) and the fourth floor consists of a single one bedroom apartment of 377 sq. Ft. (35sq. Metres).
The Gross Development Value (gdv) of the site is in excess of £1.6m and once complete these Town Centre apartments will make excellent first time homes for young professionals either working in Reading or commuting to London or be excellent investment properties.

Location:
Located on the corner of Bedford Road and Oxford Road half a mile from Reading Station. Bedford Road runs between Oxford Road and Great Knollys Street on the Western edge of Reading Town Centre.

Reading is one of the south east's largest towns only 25 minutes from London by train, with trains running every five minutes or so, Reading is home to many of the city's commuters. Reading also has easy links by road or rail to Swindon, Oxford, Basingstoke, Heathrow and farther afield. Beyond the hive of commercial activity, Reading is nestled in the heart of Royal Berkshire offering beautiful riverside walks on the Thames and tow path ambles on the Kennet and Avon canals and with the nearby Berkshire Downs and Chilterns, beautiful countryside is never far away. Reading offers a rich mix of shops and markets. In the heart of the town, The Oracle combines chic boutiques with department stores such as Debenhams and House of Fraser and within a minute's walk there are many high-street favourites including John Lewis and Marks & Spencer. There are restaurants, cafes and brasseries to suit every taste in Reading. Plus there are numerous bars and restaurants on the Oracle Riverside.