St Laurence House, 10-12 The Forbury

Reading, RG1 3EJ

2,262 sq ft
For Sale
Office

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Office building with conversion / development potential available for sale in Reading town centre

Property Type Office
Tenure For Sale
Size 2,262 sq ft
Freehold Price £750,000.00 Guide Price
Business Rates £5.35 per sq ft
Service Charge n/a
Estate Charge Upon Enquiry
Energy Performance Rating This property has been graded as 71 (C)

Key Features

  • Offers invited on an unconditional basis
  • Suitable for immediate office use
  • Potential for conversion to 5 flats (STP/PD)
  • Town centre location 5-minute walk from train station
  • Available freehold with vacant possession

Location

The property is located on the eastern side of Reading town centre, 3 minutes walk (0.1 miles) from the Oracle Shopping Centre and Broad Street and directly opposite Forbury Gardens public park.

Reading railway station is within 5 minutes’ walk of the property (0.2 miles) and lies 0.8 miles to the east of the A329, which provides direct access to the M4 Junction 10.

Once complete, the £14.8bn Crossrail service will be departing from Reading twice hourly, providing direct services through the city of London to Shenfield, with Bond Street accessible in under one hour. Crossrail will deliver cutting edge, high capacity trains which will help reduce overcrowding at peak times and provide a cleaner, more environmentally friendly rail service into central London.

We would refer you to the location plan below for further information.

Description

The property comprises a generally level, irregular parallelogram-shaped site which is occupied by a semi-detached office building with small central courtyard to the rear.

The building is planned over four storeys including basement, ground, first and second floors and is of residential appearance. It provides office accommodation throughout of approximately 210 sq. m. (2,262 sq. ft.) (NIA).

The property adjoins a mixed-use building known as Sussex House at its western boundary comprising a mix of residential use on its upper floors and retail on the ground floor. A car park belonging to Sussex House is situated at its southern boundary; a service road at its eastern boundary and Forbury Road at its northern boundary. The building’s front aspect overlooks the churchyard of St Laurence Church and Forbury Gardens.

The current configuration of the property is a mix of individual and open plan offices of traditional style over the ground, first and second floors. Toilet and tea making facilities are located in the south-eastern rear corner of the ground floor with adjoining rear courtyard. The building has the benefit of two staircases at opposing ends of the building, with double glazing and central heating installed.

The vendor has explored the possible building conversion to residential use under Permitted Development Rights. The suggested conversion would see the ground, first and second floors converted to a mix of five 1 and 2 bed apartments. We would refer you to the property’s existing and proposed plans that accompany these particulars for further information.

Tenure

The property will be sold freehold with vacant possession.

VAT

We understand that the property is not elected for VAT.

Services

We are advised that mains electricity, gas, water and drainage services are available in the vicinity for connection to the site. However, prospective purchasers are advised to make their own independent enquiries of the individual authorities to verify the capacity and availability of such services.

Planning

At present, no recent planning applications have been submitted for the development of the site. The building is not listed, but does sit within a conservation area.

Any planning related queries should be directed to the Local Planning Authority: Reading Borough Council.

Method of Sale

The site is offered for sale by way of informal, non-binding tender with the vendor reserving the right not to accept the highest or any offer and also reserving the right to withdraw the site from sale or to vary the method of sale at any time without notice. In the event that a number of competitive offers are received, the vendor reserves the right to request 'best and final' offers from selected parties.

Offers are sought for the freehold interest, preferably on an unconditional (Subject to Contract only) basis. Conditional offers will also be considered.

Further infomation on the Method of Sale can be found within the Particulars of Sale.

Viewings

All enquiries should be directed to the vendor’s sole agent:

Viewings of the property are strictly by appointment only.

Please note that parties must not enter the property without our prior authority and any inspection of the site is at the prospective purchaser’s risk.