Plot for sale

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Plot for sale

Development Land & Britannia House, High Street, Bream. GL15
£595,000

Our Summary

  • An opportunity to acquire a substantial three storey commercial building with a large amount of surrounding land, formally holding outline planning consent for the erection of two detached and a pair of semi-detached dwellings
  • (planning permission P0671/11/OUT)
  • Although currently commercial the building could be redeveloped to create residential accommodation to compliment the former residential planning consent
  • Development potential

Description

This substantial three-storey commercial building in the village of Bream is being offered for sale, accompanied by a large amount of surrounding land that holds outline planning consent for the development of two detached and two semi-detached dwellings. The building is currently let to a long-standing tenant at £18,400 per annum, and there is also a sub-lease in place. While currently used for commercial purposes, the property could be redeveloped to create residential accommodation, aligning with the former residential planning consent. The property is situated in a village with a range of amenities, including shops, restaurants, and a primary school, and is also close to the market town of Lydney and the Forest of Dean, offering a range of facilities and outdoor activities. The property is being sold freehold, providing a unique opportunity for investors or developers to acquire a significant commercial property with potential for redevelopment.