A former convent in the south Cotswolds, which is currently trading as a 14-bedroom hotel but has secured planning permission for further rooms, has gone up for sale with a guide price of £4m.
Savills and Colston & Colston, on behalf of the joint receivers, Damian Webb and Phillip Rodney Sykes of RSM Restructuring Advisory LLP, have brought the Grade-II property to market, and are now calling for offers.
The property is currently a 14-bedroom hotel, but comes with approved planning permission and listed building consent to create up to a further 44 bedrooms.
Dating back to the mid 17th century, the property comprises a series of interlinked buildings set on a site of approximately 12.8 acres. Alongside the 14 bedrooms, there is also a restaurant and adjoining Lodge, which is currently being used as owner’s accommodation, with four bedrooms and two reception rooms.
Martin Rogers, head of UK hotel transactions at Savills, comments: “This former convent is steeped in history and provides a fantastic opportunity to create a striking hotel in an area of the UK which is very popular with tourists. The existing consent provides scope for developing the hotel business, while the property could also suit an alternative use, subject to securing planning permission.”