Hospitality Properties for sale in RG31, Reading

Hospitality Properties for Sale Within 5 miles of the RG31, Reading

More details for 144-150 Caversham Rd, Reading - Hospitality for Sale

Thameside Hotel - 144-150 Caversham Rd

Reading, RG1 8AZ

Hospitality for Sale
£2,500,000
6,780 sq ft

Restaurant

Reading Hospitality for Sale

Freehold Hotel & Development Opportunity – Reading A substantial freehold property arranged as a former 22-bedroom en-suite hotel with additional studio accommodation, occupying a prominent position within walking distance of Reading town centre and mainline railway station. • Four adjoining freehold buildings (144–150 Caversham Road) • Approx. 9,278 sq ft (862 sq m) GIA • 22 fully en-suite guest bedrooms • 2 self-contained studio apartments (currently let) • Reception, bar, restaurant & commercial kitchen • Rear yard with approximately 4–5 parking spaces • Suitable for hotel reopening, alternative hospitality use or redevelopment (STPP) • Adjoining property also available separately, offering the opportunity to create a larger combined site Guide Price: £2,500,000 – Freehold Further information available to qualified applicants. Lansley Commercial Tel: 0118 959 0271 Email: info@lansleycommercial.co.uk 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.