The Ministry of Justice (MOJ) selling the 3.49 hectare site of Reading Prison following the gaol’s closure in 2013, creating the ‘freehold development opportunity’ in line with a 2015 policy to sell redundant prisons to raise funds for new prisons, and with the Grade II (GII) prison coming ‘with full vacant possession’, and offers to be received by 12 noon, 6 December 2019.
JLL writes on EG PropertyLink:
Description
- Unique and exciting freehold development opportunity extending to approximately 3.49 acres (1.41 hectares) in central Reading.
- A historic Grade II listed prison building forms the central feature of the site around which more recent buildings have been constructed.
- Pre-application responses have been obtained from Reading Borough Council and Historic England, which in summary emphasise the importance of re-using the listed building element and confirms the principle of new development. This is subject to receiving the necessary planning and listed building consents.
- The site is offered with full vacant possession.
- Offers are invited for our client’s Freehold interest.
