Thameside Hotel 144-150 Caversham Rd 25 Room Hotel Reading RG1 8AZ £2,500,000 (£100,000/Room)

The property comprises four adjoining terraced buildings (Nos. 144–150 Caversham Road) which have been acquired and internally linked to form one substantial freehold hospitality premises. Historically operated as a 22-bedroom hotel / Bed and Breakfast, the accommodation is arranged over ground and upper floors and extends to approximately 862M² (9,250sqft) GIA.
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.