Development Sites for sale in Gloucestershire

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £420,000
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Business Description
• 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

Ideal investment property. Highly renovated and excellent scope to develop further. Currently with sitting tenant. (Nursery School) The building has several uses which include, Offices, Other businesses. Developed so can become accommodation, housing, flats (subject to Planning Approval. Current Rental income 24k annum (under review), rare opportunity, viewing highly recommended. 44031

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, however the tenants cannot purchase the freehold so the building is now offered for sale. It is currently unknown if the tenants will terminate their lease, which currently has 7 years to run.

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.

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.
Tenure: Freehold

Listed by: Kings Business Transfer
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