December 2020

Planning, community and commercial benefits

  • Bringing these long-vacant and derelict properties on Friar Street and Market Place back into viable uses
  • Creating an initial 100 construction jobs and around 100 new job opportunities in the hotel, the shop units and the refurbished pub
  • Attracting visitors and customers to the hotel, restaurant, pub and new shops in this prime town-centre location close to Reading station
  • Delivering eight new homes
  • Generating an annual £3,900,000 of hotel visitor spending into the local economy
  • Adding a new vibrancy and pedestrian links around Town Hall Square and Market Place Square
  • Reintroducing two new retail or commercial units and a refurbished pub in the listed buildings
  • Achieving energy reductions, a BREEAM rating of Very Good and include sustainable drainage and green roofs.
  • Generating in excess of £555,000 per annum of Business Rates from the new hotel, retail units and restored pub, and £15,000 per annum of Council Tax from the new flats.

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Address

Sonic Star Properties, c/o Local Engagement,
Instinctif Partners,
65 Gresham Street,
London
EC2V 7NQ

All drawings, sketches and plans correct as of December 2020

© December 2020  Published by Sonic Star Properties Limited. All rights reserved.