Hostels for sale in RG1, Reading

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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

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.