The George Hotel, 14-16 King Street, Reading, RG1 2HD


  • Freehold and prime town centre real estate portfolio and / or hotel
  • 76 bedroom 4* hotel
  • Adjacent to The Oracle shopping centre and within walking distance of the £950m redeveloped train station and Hexagon Theatre.
  • Overlooking The Oracle Riverside
  • Development options
  • Existing leases to Prezzo, Mothercare and Workhouse Coffee
  • Option to lease to Hotel at c.£200,000 pax on a new 25 year unbroken term
  • EBITDA c.£1.2m including retail and leisure rentals (part of the freehold)
  • AWULT 20 years
  • Investment income £602,000 (portfolio)
  • Plans and tenancy schedule available on request
  • Refurbished Hotel (parts date back to 1423)
  • £12,950,000 producing 4.4% NIY on sale and leaseback to the hotel
  • Viewing strictly by appointment only
  • OIEO £16,000,000 for the going concern
  • Management options considered on merit


    Prime central hotel and retail portfolio in enviable location.


    4* 76-bedroom hotel with additional income from retail properties.


    EBITDA c.£1.2m. Consistent revenue with potential to develop further.


    Sale and leaseback to hotel considered along with potential management option.


    The George Hotel, Reading

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    MBI Surveyors are RICS Regulated and have signed the Conflict Avoidance Pledge with the RICS. MBI therefore act with the upmost integrity in handling all instructions in a transparent manner and to proactively avoid conflict. The value of collaborative working with a commitment to resolving any issues early. As such, parties are requested to provide full details upon submission of any offer so that relevant checks can be made, followed by full heads of terms in draft for all parties to consider in their own time and with professional advice as required. 

    Floor plans and technical information is available on request to fully disclosed parties and are to be held and treated in strict confidence. 

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    Matt Brooks
    Managing Director

    Phone: 01235 828239