Miners Arms, Whitecroft, Gloucestershire

650,000 GBP
Miners Arms Whitecroft,
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Overview

  • Updated On:
  • February 23, 2024

Description

‘The Miners Arms’ is a very successful well-established country village pub in ‘The Forest of Dean’, Gloucestershire

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

Weekly sales are circa £10,000 generating very healthy profits in excess of £150,000 per annum

Full accounts are available

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

• Further Information & Useful Links

The Miners Arms has a dedicated website, please visit https://www.theminersarmswhitecroft.com/

Voted by guests ‘The Miners Arms’ has been rated in the top 10% of restaurants and awarded ‘Traveller Choice 2023’ by TripAdvisor https://www.tripadvisor.co.uk/Restaurant_Review-g3952212-d2095111-Reviews-The_Miners_Arms-Whitecroft_Lydney_Forest_of_Dean_Gloucestershire_England.html

The Facebook page has over 4,000 followers https://www.facebook.com/minersarmswhitecroft/

Address: Miners Arms Whitecroft
Area:
Zip: GL15 4PE
Country: United Kingdom
Open In Google Maps
Property Id : 50965
Price: 650,000 GBP
Custom ID: 333717

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