350 Basingstoke Road, Reading
Reading, Berkshire
Project Plan
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. I
Project Outcome
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.
Statistics
11m Total GDV(£)
3 Total Acreage