Development Properties: Car Park at Clarendon House, 59-75 Queen’s Road, Reading, RG1


Car Park at Clarendon House, 59-75 Queen’s Road, Reading, RG1

OIEO - £1,000,000 Subject to contract - Freehold

  • The site is located in Reading on Queens Road, situated just a 9 minute walk from local amenities within the town centre including a large range of shops, restaurants and bars. The popular Oracle Shopping Centre is just a 7 minute walk away and includes a cinema, two floors of retail, eateries within the shopping centre and restaurants along the River Kennet providing al fresco dining opportunities
  • Planning permission for an 18 storey building on nearby Watlington Street has been granted (Planning Ref: 162087)
  • Reading train station (8 minutes’ walk) provides excellent links to the south-west of England, with regular fast services to London Paddington taking less than 30 minutes and all services to London running approximately every 5-10 minutes
  • The introduction of Crossrail to Reading in 2019 will create new transportation routes to and within London
  • Vacant carpark measuring approx. 6131.77 ft2 / 569.60 m2
  • Would suit a residential or student led scheme, subject to obtaining the necessary consents
  • Indicative scheme proposing 29 new build apartments across ground plus 8 floors with a proposed net saleable area of 19439 ft2 / 1810 m2
  • Potential for further height