Bruton Knowles are hoping investors will flock to the Dovecote at Bishops Cleeve.
Originally constructed in the 1600s and modified in the 1900s, the attractive Grade II listed property in Pullar Close is presently being used as high quality offices but could be converted to become one, or even two family homes.
Tessa Newton from Bruton Knowles’ Gloucester office said the investment property – which is let to until 2020 – was ideally situated three miles north of Cheltenham near Junctions 9 and 10 of the M5.
“This is a fine looking property made up of two linked Cotswold stone buildings in a strong location which has significant potential.”
Currently configured for office use, the Dovecote is close to the Bovis Homes regional HQ, a Tesco superstore and the local facilities in Church Road – and as such could be ripe for a future residential conversion scheme subject to the necessary consents.
“When the lease expires investors can make up their own mind as to whether they would prefer to convert the property in Bishops Cleeve, or retain the current office configuration – especially given the dwindling stock levels in nearby Cheltenham.
“The building would make an ideal regional base for a company looking for an alternative to the city centre.”
The Dovecote offers some 2,282 sq ft of space and has parking for up to nine cars. It is being marketed at £495,000 for the freehold.
Joint agent John Ryde Commercial.