A former townhouse being used as five apartments is now on the market for a guide price of £2,250,000 in Henley.

The property on the sought-after River Terrace is on sale through Savills with agents describing it as a “fantastic opportunity” to purchase the freehold of a landmark property.

It occupies a prime position on the riverfront and makes up a terraced section of a larger white stucco building.

It has been five apartments since the 1970s, before which it is understood to have been a single dwelling.

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A two-bedroom apartment with outside space occupies the ground floor, with three one-bedroom apartments and a smaller studio apartment on the top floor.

The former townhouse has been apartments since the 1970s (Image: Savills)

Property agent Adam Sayers said: “The property has undergone a significant renovation in the last year to provide a turnkey finish, with new flooring, underfloor heating, kitchens with integrated appliances and bathrooms.

“It has been part of the Henley landscape for decades and now presents a fantastic opportunity for either an investor who could continue to rent the apartments as individual units or – subject to the required planning consents and redesign – a potential homeowner looking for somewhere unique along the river who might want to convert the entire space into one property.

“Its prominent position overlooks the River Thames with views of the Henley Bridge to the left and the Hobbs of Henley boatyard to the right.

"A courtyard sits to the front of the property, ideal for entertaining during the annual regatta and Henley Festival.”

5 River Terrace is on the market with Savills Henley-on-Thames for a guide price of £2,250,000. For more information contact adam.sayers@savills.com