Monroes Restaurant, 61 St. Marys Butts, Reading | Property for sale | Savills
Guide price £925,000($2,008,206)

Monroes Restaurant61 St. Marys Butts, Reading

  • New
  • Freehold
Investment

Key features

  • Commercial space ground floor, ancillary space 1st floor, 1 bed flat 2nd floor
  • Plans for commercial unit at ground floor & 12 dwellings at 1st, 2nd & 3rd floor
  • Central Reading adjacent to Oracle centre approx. 0.4 miles from Reading station
  • Positive pre application for residential led development of the site
  • Asset management potential in letting the property out in its current use
  • No VAT on sale price

A mid terrace property comprising of a commercial unit at ground floor, ancillary space at 1st floor and a 1 bedroom flat at 2nd floor

About this property

  • A mid terrace property comprising of a commercial unit at ground floor, ancillary space at 1st floor and a 1 bedroom flat at 2nd floor Plans have been drawn up for a mixed use development comprising of ground floor commercial unit and 12 flats at 1st, 2nd and 3rd floor. A positive pre app has been received for the development. Sold subject to a lease and will be vacant on completion. The Broad Street shopping centre is located opposite the property.

Local information

  • Located in Reading Town Centre adjacent to the Broad Street Mall and 0.2 miles from The Oracle Shopping Centre offering riverside dining and leisure amenities.
  • There are a number of stores located in both the Oracle Shopping Centre and on Broad Street, including John Lewis, Marks & Spencer, Zara, H&M, Office and Next. Overlooking the Kennett and Avon canal are numerous bars and restaurants eg Nando’s, Las Iguanas, Pizza Express, Yo Sushi! and Cote Brasserie.
  • Reading is well located along the Thames Valley corridor with access to good road networks, including the M$ (east and west), A33 to Basingstoke and the A329 (M) to Bracknell.
  • Reading railway station offers extensive services to the north west, including Birmingham, west towards Penzance and the direct services to London Paddington. The Elizabeth ne also offers direct services into central London.
  • A regular and modern bus network providing access throughout the town, surrounding residential areas and linking the university.

Additional information

  • Ground floor
  • Retail area, Kitchen
  • An approx. 2,755 sq ft (256 sqm)
  • First Floor
  • Service area, 2 rooms
  • An approx. 1,711 sq ft (159 sqm)
  • Second Floor
  • 1 bedroom flat
  • An approx. 667 sq ft (62 sqm)
  • Total floor space 5,134 sq ft (477 sqm)