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UNDER OFFER

Great Expectations, 33 London Street, Reading, RG1 4PS

£2,000,000

£129.53 per sq. ft.

Business rates & charges may apply

Savills, Southampton - Licensed Leisure
SIZE AVAILABLE
15,440 sq. ft.
(1,434 sq. m.)
SECTOR
Hotel for sale

Key features

  • Traditional Pub Hotel
  • Grade II Listed
  • Site Area – 0.048 ha (0.119 acres)
  • 29 letting rooms
  • 3 bedroom owners/managers flat
  • Extensive trade areas.
  • Net turnover in the order of £700,000 (2019)

Property description

Tenure: Freehold

Description
The property comprises a Grade II Listed three storey semidetached building with basement constructed in approximately 1843. The building has many period features including exposed beams, sash fenestration with a multi-pitched slate tiled roof. The building has 100% site coverage

Internally, the property comprises of an extensive ground floor trade room which is segregated into a number of intimate spaces, with a large bar servery at the rear. There is also a commercial kitchen and WC facilities at the rear. Access to the cellar is provided here and the basement cellar is extensive.

Letting rooms are then arranged over first and second floor levels. The hotel has a total 29 letting bedrooms (16 singles; 8 doubles; 5 twins).

In addition to this there is a second floor managers flat which comprises of 3 bedrooms, lounge, kitchen and bathroom.

Location
The Great Expectations Hotel is located in the centre of Reading on London Street, close to its junction with Queens Road (A329). The Oracle shopping center is approximately 100m to the west and therefore is well positioned to benefit from its close proximity.

Reading is a town and unitary authority in Berkshire. It is situated approximately 36 miles (58 km) west of central London and 24 miles (39 km) south of Oxford. It is located in the Thames Valley at the confluence of the River Thames and River Kennet.

Reading has two train stations. Reading West Railway Station is approximately 2.1 miles (3.4km) to the north east and Reading Railway Station is approximately 2.9 (4.7km) miles to the north east. Both stations have regular trains running to London Paddington which lies on the Newbury to Basingstoke line.

Planning
Our informal planning enquiries confirm that the premises is permitted as a hotel (Use Class C1). The property is Grade II Listed but is not situated in a conservation area.

Premises Licence
The property has been granted a Premises Licence in accordance with the Licensing Act 2003.

Tenure
Freehold. The property will be sold as a going concern. TUPE regulations will therefore apply.

EPC
The building is Grade II Listed and therefore an EPC will not be provided.

Guide Price
Offers are invited in the region of £2,000,000. It is anticipated VAT will not be applicable.

The fixture and fittings are included and the premises will be sold ‘as seen’ less any personal items.

Anti-Money Laundering Regulations
In accordance with Anti-Money Laundering Regulations, the preferred purchaser will be required to provide identification and proof of address, prior to exchange.

Brochures

Great Expectations, 33 London Street, Reading, RG1 4PS

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Reading Station0.5 miles
  • Reading West Station1.0 miles
  • Earley Station2.3 miles

Notes

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Disclaimer - Property reference 82444-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Southampton - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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