It is not that old. And it is not
actually a bungalow. But the Old Bungalow in Cirencester could be ideal for
people looking to switch into the lucrative hospitality sector.
recording handsome profits despite being “lightly traded”, the Old Bungalow
near the centre of town is on the market with Colliers International at
£850,000 for the freehold.
and Cotswolds specialist Peter Brunt says the flexible and easily-run property
would make an ideal launchpad for a new career.
He said: “First
impressions could be deceptive as the property has a fairly narrow frontage
onto Victoria Road. But it’s something of a Tardis inside with two of the six
spacious letting rooms on the first floor.
“There is plenty
of scope to build on the existing operation, as Cirencester is a business
centre as well as a hotspot for visitors to the region.
buyers could choose to continue to operate the Old Bungalow on a low key basis
or could well decide it was time to accept the numerous letting opportunities
presently being turned away.”
Built in the
1920s, the Old Bungalow is a large dormer bungalow with a two-storey
outbuilding. The current owners live in the front of the property but it might
be possible to move into the detached self-catering bungalow instead, freeing
up two additional rooms for the Bed & Breakfast business.
“As well as
living and working in the Cotswolds, prospective owners have considerable
potential to extend the business as it is presently closes most weekends, an
almost unheard of trading pattern that says much for the strength of trade in
explained the vendors had run a busy pub and had bought the Old Bungalow in
2008 determined to ease back on their hours – although they still found the
time to revamp the bedrooms and to create a self-catering bungalow in the large
“With the South West basking in an early summer heatwave and all signs set for
a fantastic season, we have been inundated with enquiries from
prospective hotel operators looking for a ready packed business, and the Old
Bungalow has the potential to provide an ideal introduction to the Bed &
“The sector has
already had a fantastic opening spell thanks to increased visitor numbers and
better than average weather. This has clearly encouraged people to look at
their work life balance.”