Location: Reading, Berkshire 40 Miles West of Central London
Name: Caversham Park
No. of Keys: TBA – 75 plus
The Property: The Grade II listed building is set in 93 acres of grounds, and has a GIA of 115,000 sq. ft. Tranquil but just a five-minute walk to shops, pubs and restaurants of nearby Caversham.
Following review of policy and consultation with the Council, the vendor’s professional team is of the view that the conversion of the house and adjacent buildings to residential use, alongside sympathetic residential development in selected parts of the northern area of the site, offers a sustainable and much needed development solution…..or hotel use.
Two pre-application meetings were held between the vendor’s professional team and Reading Borough Council, the detail for which can be found within the data room. Other information available within the data room includes;
• Heritage Report
• Traffic Report
• Ecology Report
• Topographical Survey
• Arboricultural Survey
• Measured Survey
Main Photo: Caversham Park
Tenure: Freehold with Vacant Possession
Brand/Management: Brand and Management-free
Current Owner: Was owned and run as The Oratory School in 1922, The BBC acquired Caversham Park in 1941, who used it as the HQ of BBC Monitoring during WWII, and still own the property.
Guide Price: TBA
Date Posted: September 2019
THPT Comment: Great opportunity for this period building dating back to the 18th Century, to be converted into a five-star, grande-dame hotel. THPT understands that hotel planning consent is either in place, or would be granted to preserve the building and the grounds (see above).
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.