Savills says ..

Property Oracle says ..

This property presents a unique investment opportunity in the heart of Reading. Situated in Abbey Square, the location is undeniably a major selling point, offering convenient access to transport links, amenities, and reputable schools. The current building, as seen from the aerial view, suggests a substantial structure, but crucial details on internal condition, square footage, and plot size are missing. The listed price of £3,250,000 is considerable, especially in the absence of property specifics. Prospective buyers would need to factor in any potential costs associated with renovation, conversion, and the overall development process. A thorough professional survey is crucial before making any commitment. The potential for development, given the location and the size of the existing building, is a significant consideration, making this listing potentially attractive to investors or developers looking for a substantial project in a prime Reading location. However, the lack of specific details surrounding the size and condition makes the price somewhat difficult to assess at this stage, indicating a need for further due diligence. The surrounding area shows a mix of residential and commercial properties, illustrating the diverse nature of the neighbourhood. The proximity to Reading station makes the property attractive to both commuters and those seeking a vibrant urban setting.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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