Summary - 16a Norcot Road,Tilehurst,READING,RG30 6BU RG30 6BU
1 bed 1 bath Terraced
Income-producing Victorian commercial terrace with redevelopment potential (STP).
Freehold Victorian mid-terrace with mixed commercial use
A substantial freehold terrace on Norcot Road presented as a mixed commercial investment with immediate income and short-term upside. The property comprises two separate commercial units totalling about 1,900 sq.ft (176 m²), one of which is let to a long-standing beautician producing £11,000 pa, while the vacant two-storey office has an estimated re-letting value of £18,000 pa. Together these offer combined rental potential around £29,000 pa.
The site includes a rear garden and a large powered container providing secure, useful storage space — a practical asset for trading occupiers or during refurbishment. Located in a busy Tilehurst parade, the building benefits from strong local amenities, good transport links to Reading town centre and the M4, and a catchment of nearby schools rated Good.
Physically the property is a Victorian mid-terrace in need of repair in places; descriptions indicate some dereliction and a requirement for refurbishment to maximise value or convert to residential/mixed‑use (subject to planning). Investors should factor in refurbishment costs and planning risk if pursuing redevelopment. The area records above-average crime levels and classified local socio-economic indicators consistent with a mixed‑use high street in need of continued active management.
For a buyer seeking an income-producing asset with clear scope for improvement or redevelopment, this freehold offers both secure current income and identifiable upside. The opportunity suits investors experienced with commercial refurbishments, landlords prepared to re-let the vacant office, or developers exploring residential/mixed‑use conversion subject to consents.
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