Overview
- Updated On:
- June 10, 2024
Description
This large 0.75-acre plot boasts over 520 sq/m of property, offering very profitable development opportunities
The pub is successful and generates healthy profits and has owners’ accommodation above
There is an existing holiday cottage and potential to convert the function room in to a second holiday cottage
The beer garden is 0.2-acres, large enough for two good sized houses to be built, STPP
Property prices are high and demand is strong
• Location
‘The Miners Arms’ sits in the village of Whitecroft, close to Lydney in ‘The Forest of Dean’ near the Severn Estuary the area benefits from tourism throughout the year
Cheltenham, Gloucester, Bristol & Cardiff are all within an hours drive
• Development
Without compromising the pub, two sperate properties could be made available – the two-bed holiday cottage is already a completed, the existing function room could be developed into a further three-bed holiday let, please the ‘Miners Holiday Home’ floorplan attached
The holiday home would be 83 sq/m with a GDV of up to £250,000, the holiday cottage is 86 sq/m and a GDV of circa £300,000
With sufficient parking and access, without compromising privacy, the existing property could be converted into multiple dwellings, an additional property could be built in the garden, all subject to a successful planning application
There is potential for a further development in the large beer garden of one or two residential properties, subject to a successful planning application
• Internal Details
The pub has four drinking and dining areas offering seating for up to 60 people
The function room can offer seating for a further 60 covers and or host music events for up to 100
Beautiful large two-bedroom owners flat above the pub
‘The Miners Arms Holiday Cottage’ is a stunning picturesque two-bed cottage with wonderful views and a private garden
Please see the floorplans for further information
• External Details
Sitting on 0.75-acre plot, there is a huge beer garden & large carpark with parking for 20 cars
There are two areas outside for drinking and eating, the large family friendly beer garden at the front of the property, with seating for 80, and also the delightful rear courtyard and garden, with seating for 24
Please see the aerial photographs
• Fixtures & Fittings
All fixtures and fittings not personal to the vendors are included in the sale
• Financials
Property in the area is worth on average £3,500 sq/m
• Tenure
Nationwide Business Sales are delighted to offer this incredible opportunity to the market at £650,000
