This detached Victorian building, originating from the 18th century, presents a notable opportunity for renovation and investment. Currently operating as a local pub, this property combines historical charm with significant potential for redevelopment.
The existing layout includes a ground floor that serves as a bustling bar and seating area, complete with kitchen facilities and restrooms for patrons. Below, a cellar of approximately 144 square feet provides additional storage options. The upper floors comprise two residential units: a spacious self-contained flat on the first floor featuring two bedrooms, two bathrooms, and ample living space, alongside a one-bedroom flat on the second floor equipped with an ensuite and separate kitchen.
Recently granted planning permission allows the transformation of the upper levels into four residential apartments while maintaining the commercial space on the ground floor—a configuration that enhances its appeal for both investors and developers. The exterior offers outdoor seating areas at both the front and rear, which adds to its community-friendly atmosphere.
Situated prominently at a well-trafficked junction within the neighborhood, this location not only boasts views of landscaped green spaces but also benefits from an extensive car park located at the rear. This feature may provide further development opportunities (subject to planning approval), enhancing the property's overall value.
As it stands, this property has substantial long-term investment potential. With completed residential units expected to yield around £95,000 in lease Gross Development Value (GDV) and an envisioned total GDV post-development estimated at approximately £1.6 million, there are compelling financial incentives for prospective buyers. Moreover, possibilities to adapt the ground-floor commercial space to E class use exist; therefore, interested parties may consider pursuing adjustments to maximize usability.
Overall, this property represents not just a purchase but an opportunity to reshape its future in alignment with local demands while preserving its historical significance.
