Former pub and gym could be transformed in to five flats and a shop
Friday, May 5, 2023
A fire damaged former pub and gym with full planning for five flats and a commercial unit to the ground floor has come on the market.
The property at 71, Sterry Road, Gowerton, Swansea is listed by Newport-based Paul Fosh Auctions with a guide price of £230,000-plus
Debra Bisley, of Paul Fosh Auctions, says there may be opportunity to the develop even more of the space available at the large former pub.
Debra said: "The planning consent does not fully exploit the floor space available therefore, subject to the relevant consents, further development may be possible.
" The substantial property is partially fire damaged although we've been advised that this is contained to one area on the first floor.
"The building briefly comprises of an entrance porch, main bar, side hallway, kitchen, wash room, boiler room, storage room, bar area, rear hallway, ladies and gents toilets, basement storage and function room to the ground floor. There are a further two function rooms, a storage room and ladies and gents toilets to the first floor.
"On the second floor there are two reception rooms, a kitchen, three shower rooms, a storage room and four bedrooms. Outside, to the rear of the property, there is parking for approximately five cars, which is accessed via the side lane. There is also a balcony on the second floor to the side of the property.
"We've been told that the property benefits from having a new roof installed in August 2021.
"We estimate that after renovations work the property could generate around £57,000 per annum, with the flats bringing in circa £39,000 and the commercial unit £18,000.
"Located on the main thoroughfare through the village of Gowerton, this property is situated within a five minute walk to Gowerton train station, ideal for commuters to Swansea, Cardiff or Newport. The property is positioned among a number of mixed use developments.
The former Gowerton pub is included in a catalogue of some 100 varied properties which go up for sale from 12 noon on Tuesday, May 16 and end from 5pm on Thursday, May 18.
Tue 12 Dec 2023, 12.00pm Paul Fosh Auctions, Newport, NP20 2AG
Tue 30 Jan 2024, 12.00pm Paul Fosh Auctions, Newport, NP20 2AG