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Commercial Development for sale

Gloucester Road, Stonehouse, Gloucestershire, GL10

Fixed Price £375,000

Property Description

Commercial information

  • Business for sale

Key features

  • Large freehold detached investment opportunity
  • Potential other uses, offices, housing site, flats pub or large family home
  • Current income from tenant 24,000 plus vat (under review)
  • Fully renovated in excellent condition, viewing highly recommended
  • Potential to develop the site for both commercial and residential use
  • REF:44031

Full description

Tenure: Freehold

DESCRIPTION
This is an excellent opportunity to acquire a detached, fully renovated property with excellent scope to develop into additional opportunities. Previously a detached 2 story pub, the vendor has totally renovated the property to a high standard with many aspects.

Currently the building is leased to a children's nursery provider with a current annual income of 24,000 plus vat.

The building was previously a public house and offered accommodation, therefore the renovation was completed with the potential to revert the building into a substantial family home with the potential to have 6 bedrooms.

Additionally the property offers an excellent investment opportunity to developers wishing to convert the property into start up offices or flats.

We estimate there is potential to double if not treble the annual income depending upon its use.

Additional business opportunities possible would include

Small care home
Large family home
Office block
Housing
Public house
Small hotel/BB

All of the above would require planning approval.

The property is located on the main road through Stonehouse on route into Gloucester, the property represents an excellent potential for a developer or investor to acquire and immediately gain an income.

Viewing is highly recommended but strictly by appointment only due to the nature of the current business.

FEE INCOME
Currently the property is leased to a nursery group at a current annual rental of 24,000 plus vat per annum, which is currently under review.

PROPERTY
The substantial and commanding detached former public house has been sympathetically renovated and extensively refurbished to an exceptionally high standard. The property is constructed of brick and render with a slate/tiled roof, covering two floors, with the added benefit of fully dry cellars offering additional scope for space.

The property also benefits from its own private car park located to the side of the property with additional parking to the front along the roadside.

CELLAR
The cellar is dry and open plan with some minor dividing walls, potential to utilise as office space or as currently used for storage.

GROUND FLOOR
The ground floor of this property now provides numerous open plan spacious rooms and includes a Pre School room, activity hall, soft play/sensory room, library/quiet room, toddler play room, baby room and a staff room/office.

FIRST FLOOR
Located to the first floor of the property is a well presented 2 bedroom flat which comprises 2 double bedrooms, a lounge, office and breakfast kitchen. We are advised by the owners that they have applied for and received planning permission to extend the accommodation on this floor into the roof space of the nursery building below.

There remains scope to modify these rooms into additional living accommodation or office space.

RESIDENTIAL ACCOMMODATION
Currently there is no residential accommodation for owners/management available, however part of the house could revert back to a residential dwelling with office space, a care home or nursery if required.

TENURE
We are advised that the property is freehold

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
This is an extremely rare opportunity to purchase what is arguably one of the best investment properties in the area, offering an immense range of possibilities and development ideas with a sound structure and currently 1 tenant offering an income.

Viewings are highly recommended but are strictly by appointment only due to the nature of the current operating business.


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