The opportunity
A vacant retail warehouse and office building acquired unconditionally from an owner-occupier having not been on the market in over 40 years. The office building was let to Coffey International offering medium term asset management opportunities, whilst the retail warehouse was vacant and offered redevelopment potential.
The result
A planning application was submitted to Reading Council for the part demolition and redevelopment of the warehouse to provide 3,5000 sq ft of retail space and 31 residential units, with 15 car parking spaces and associated cycle spaces and amenity space.
£15M
Sq.ft
30,000
GDV
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