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Freehold

Offers over

£500,000

Land for sale

Whitecroft, Lydney GL15
Email agent

Offers over

£500,000

Land for sale
Whitecroft, Lydney GL15

    Freehold

    About this property

    • Gdv £1.5m

    • Potentially 5 properties

    • Wonderful location

    • Parking

    • Wonderful views

    • 0.75-acres

    • High property prices

    • Demand for housing

    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 in the area 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 Offers Over £500,000

    Further Information & Useful Links

    The Miners Arms has a dedicated website, please visit

    Voted by guests The Miners Arms is in the top 20 restaurants in Gloucestershire on TripAdvisor

    The Facebook page has over 4,000 followers

    More information

    • Tenure

      Freehold

    • Council tax band

      TBC

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