350 Basingstoke Road, Reading
A 2.8 acre site previously comprising high-tech office buildings constructed in the 1980’s. The sale was marketed as a residential development opportunity. It was an unconditional purchase from Warner Estates for £1.45m, bought prior to auction within 10 days of receiving details.
We identified that the most profitable development would be a mixed use retail scheme capitalising on the proximity of a major Morrisons and excellent road frontage. The development was pre-let to Aldi, Greene King and Pure Gym. The scheme also included 200 car parking spaces and 57 spaces for bikes all within a newly landscaped environment. Jansons forward sold the development to the Oxford Diocese Pension Fund.
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