Business/investment/development opportunity, Freehold pub set in 1.75 acres
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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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.
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.
The following applications have been made with Stroud District Council: Application S.16/2378/FUL. For the creation of 23 new dwellings, including affordable homes while maintaining an existing amenity in the form of a Public House. Status: Application Refused Appeal S.17/045/APPREF. For the Creation of 23 new dwellings, including affordable homes while maintaining an existing amenity in the form of a Public House. Status: Appeal Dismissed Application S.19/2678/FUL. For the erection of 14 dwellings, together with new access and associated works. Status: Application Refused
Business Rates and Council Tax
The rateable value from 1st April 2017 is £7,500 pa. The managers flat is Council Tax Band A - £1,326.62 pa.
By appointment with Auction House Bristol & West
For Sale by Timed Online Auction on 12th May 2022
In order to take part you must complete the registration form and return it together with two forms of ID. You will then be able to bid from the luxury of your own home either over the internet, by phone or by proxy. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.
A full auction legal pack can be downloaded from the Auction House Bristol website once available. For further information on the other lots in this auction please visit the website.
Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. These include and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.