A characterful Cotswolds inn which opened in 1782 – the year Britain recognised US Independence - has been placed on the market with global real estate advisor Colliers International.
The Star Inn in Whiteshill near Stroud is a strong community pub with 60 covers, superb views from the beer garden and will have three letting rooms as two are under construction.
On the market for offers above £300,000, the price reflects the work to be completed by the purchaser following completion.
Peter Brunt, a director with Colliers International’s hotels team, believes the business has plenty of potential.
“This is a superb business opportunity for people thinking of entering the hospitality industry or for retiring publicans seeking a smaller property.
“The pub occupies a prominent position on Main Road leading from the Paganhill area of Stroud. Close to the Cotswold Way, it is a favourite haunt of walkers all year round.
“The property has been significantly upgraded since our client purchased it in 2009, investing in the infrastructure including electrics, plumbing and heating.”
The Grade II-listed Cotswold-stone exterior is complemented by a modernised, altered and updated interior, including new toilets.
The bar features a large inglenook fireplace with a wood-burning stove and slate floors.
“It’s very cosy with exposed beams, woodburning stove and a large conservatory extension with superb views over the Stroud Valley. There is also a top floor owner’s suite.”
Peter Brunt added: “The owner has recently acquired an adjacent property, developing this in to two nice houses and adding a large beer garden which is yet to be landscaped.
“Our client is a property developer and he will retain the attached Star Cottage – or sell it for offers over £150,000 for conversion to another residential property. But after ten years he has decided to retire from the business.
“The Star Inn certainly requires some work, but it’s a project with excellent potential.”