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Whitecroft, Lydney, GL15

£650,000

£116.13 per sq ft

Business rates & charges may apply

Nationwide Business Sales LTD, Castleford
SIZE AVAILABLE

5,597 sq ft

520 sq m

SECTOR

Land for sale

Key features

  • GDV £1.5m
  • Potentially 5 properties
  • Wonderful location
  • Parking
  • Wonderful views
  • 0.75-acres
  • High property prices
  • Demand for housing

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

Brochures

Whitecroft, Lydney, GL15

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lydney Station2.8 miles

About Nationwide Business Sales LTD, Castleford

5 Flemming Court, Castleford, WF10 5HW

Notes

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Disclaimer - Property reference RX337878. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nationwide Business Sales LTD, Castleford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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