** PRICED FOR QUICK SALE** BERKSHIRE - RIVERSIDE PUB & DEVELOPMENT OPPORTUNITY

Reading, Berkshire

Ref: 48483

Offers Over £565,000 Freehold

Key Features

  • Riverside position in East Reading
  • Two-storey mid-terrace public house - 2,444 sq ft (GIA)
  • Open plan bar (30-40)
  • Four bedroom accommodation (shell condition)
  • Trade terrace with swimming pool, hot tub and sauna
  • Suitable for alternative use (STPP)
  • Precis

    Sould suit alternative uses, such as conversion into student housing or a HMO (subject to planning permission)

    Location

    The Jolly Anglers occupies a riverside position in the major Berkshire conurbation of Reading. The East Reading area, in which the property is situated, lies approximately 1 mile from the town centre and is a densely populated area comprising of a mixture of families and students.

    Reading is predominantly accessed via the M4 and is highly commutable by road to London and Heathrow, as well as Newbury and Bristol to the west. Reading Station is a major transport hub providing fast train access into London Paddington, Cardiff Central, Birmingham International and New Street. The town also benefits from Crossrail, a high speed rail connection stretching for more than 60 miles from Reading and Heathrow in the west through central tunnels across to Shenfield and Abbey Wood in the east.

    Property

    The Jolly Anglers is a two-storey mid-terrace property, situated on the banks of the River Kennet. It is our understanding that it measures in the region of 2,444 ft² (GIA). It comprises:-

    GROUND FLOOR
    - BAR: L-Shaped trade space with tiled flooring, under-floor heating and brick-built bar servery. Potential to seat 30-40.
    - TRADE KITCHEN: With extractor, six burner range cooker, double deep fat fryer and chargrill.
    - CHILLED BARREL ROOM
    - STAFF ROOM/OFFICE

    FIRST FLOOR (Currently under construction, presented to shell condition)
    - 2 x DOUBLE BEDROOMS
    - 2 x DOUBLE BEDROOMS: With space for en suite shower room
    - SHOWER & WC ROOM: With capped plumbing and waste.

    EXTERNAL
    - PAVEMENT AREA: With seating for 20-25.
    - TRADE TERRACE: With electronic retractable awning, bar servery, swimming pool, hot tub and sauna. Seating for 70-80.
    - LOWER TERRACE: With access to first floor accommodation.

    The Business

    The business is currently closed. No trade is sold or warranted.

    Historic trade accounts are unavailable.

    Prospective purchasers must make their own assumptions as to likely trade levels having due regard to the location and potential of the site.

    Tenure

    FREEHOLD OFFERS OVER £565,000. Sold as seen with vacant possession. Unconditional offers only.

    No direct approach to be made to the business; please direct all communications through Sidney Phillips.

    Viewing strictly by appointment only.

    Licence

    A full Premises Licence is held, permitting the opening hours of:
    Sunday to Thursday: 10:00-23:30
    Friday to Saturday: 10:00-00:00

    Services

    All mains services are connected.

    Rateable Value: £1,800

    Local Authority: Reading Borough Council

    Planning

    We are of the opinion that the property could suit alternative uses, such as conversion into student housing or a HMO (subject to planning permission). Interested parties should make their own enquiries with the Local Authority.

    Enquire about this listing

    Robert Cockayne
    South East & London