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Sold - £760,000

For sale by auction
1st January 2030

Pier View Hotel, 34 Oldminster Road, Sharpness, Gloucestershire GL13 9NA

Guide Price £700,000 (plus fees)

Price £700,000

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SOLD POST AUCTION IN EXCESS OF THE GUIDE PRICE ON BEHLAF OF OUR CLIENT WHO HAD OWNED THE PROPERTY FOR OVER 35 YEARS AND WHO WANTED A SECURE SALE.

Dating from 1894 Pier View Hotel is a large Victorian 3 storey public house, set back from the road and centred on an elevated plot of circa 1.75 acres. It enjoys an open outlook towards the Sharpness Docks and benefits from a large carpark to the front. We understand the property is not listed but is of local historic and architectural importance. Situated in the town of Sharpness the property enjoys easy access to the A38 and M5 and is positioned opposite the terminus of the Sharpness/Berkley branch railway line.

Accommodation

The accommodation comprises a ground floor pub/restaurant with fully equipped commercial kitchen and cellar barrel pump room. Upstairs there are 6 hotel bedrooms plus large managers maisonette comprising 4 reception rooms, kitchen, 3 double bedrooms and 2 bathrooms. The property is generally in good condition although could benefit from cosmetic updating. The property now offers a unique opportunity to continue as pub and hotel with significant scope to increase both sides of the business or wholesale redevelopment subject to planning.

Development Potential

The land to the side and rear of the property offers an opportunity for infill development subject to the necessary planning consents. Whilst two applications for 23 and 14 dwellings have been refused there is still significant scope for a smaller development that preserves the existing sightlines to the property. The building itself offers an opportunity to reconfigure the upper floors to create more guest accommodation by reducing the size of the managers flat. Alternatively the property could be converted entirely into residential accommodation subject to the necessary planning consents being obtained.

Additional Fees
Administration Charge
0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium
Disbursements
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
EPC Rating: C
Council Tax Band: TBC
Local Authority: Stroud District Council
Tenure: Freehold
Lease Years Remaining: TBC
Annual Service Charge: TBC
Annual Ground Rent: TBC

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© Copyright 2023 City & Rural Property Auctions. All rights reserved
CITY & RURAL PROPERTY AUCTIONS LTD (Company number 14273913). Registered office address: 9-13 High Street, Wells, Somerset, United Kingdom, BA5 2AA
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1 High Street, Keynsham,
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© Copyright 2023 City & Rural Property Auctions. All rights reserved
CITY & RURAL PROPERTY AUCTIONS LTD (Company number 14273913). Registered office address: 9-13 High Street, Wells, Somerset, United Kingdom, BA5 2AA
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