Serviced Office Or Residential Development In Wiltshire For Sale

Business description

The Business Partnership is pleased to offer for sale this development opportunity which has consent for either:
1.Serviced Office (with residential property attached), as follows:
Commercial building for conversion to 6750sq ft Serviced Office space with planning consent.
Business Centre could generate in excess of £250,000 of gross income (assuming £40/square foot for 5,750 sq ft rentable serviced office space)
Charming detached three bed-roomed residential property next door
Attractive village location in beautiful countryside
Or,
2. Development of the premises with consent for 9 homes (with residential property attached)
Existing 4 bedroomed detatched house with outline consent for 9 x 2.5 storey terraced homes.
4 x 3 bed 950sq ft
5 x 4 bed 1150'
Zero S106 obligations.
Valuation - GDV 1.655M
Fabulous attractive village location with superb views!!!!

Description:
This represents a fabulous opportunity for an owner to live adjacent to their commercial investment/business within an attractive village location. It represents an increasingly rare lifestyle opportunity to run an easy to operate suite of serviced offices providing a substantial annual income in the region of £230k.
Alternatively it may appeal to a commercial investor seeking an attractive return from the development of a residential site.

Property information

Property:

Freehold

Living accommodation:

The residential property was built in 1986 and is located next to the commercial development opportunity and is ideally located for the operator of the Business Centre.It comprises hall, kitchen, lounge, dining room and three double bedrooms (one en-suite) and a bathroom on the first floor.Potential for further Master Suite on 2nd floor.

Location:

Popular Wiltshire village boasting a traditional thatched pub 'The Ivy' complete with highly regarded restaurant

Business Operation

Expansion potential:

This former B2 industrial unit is vacant and has planning permission for conversion to B1 office use.Although designed and costed, the Office Project gives a purchaser the opportunity to incorporate their own design, specification, decor and furnishing ideas.
Alternatively there is consent to build 9 homes on the premises