A former convent in the Cotswolds now trading as a hotel is on sale for a guide price of £4m.
The 14-bedroom, Grade II-listed property in Woodchester, near Stroud, has a restaurant, approved planning permission and listed building consent for up to 44 bedrooms, and an attached chapel currently operating as a music venue.
Savills and Colston & Colston, on behalf of the joint receivers Damian Webb and Phillip Rodney Sykes of RSM Restructuring Advisory, have brought the property to market.
The building dates back to the mid-17th century and comprises a series of interlinked properties on a site measuring approximately 12.8 acres. The Lodge, a 2,481 sq ft dwelling attached to the main building, with four bedrooms and two reception rooms, is currently being used as the owner's accommodation.
The property was sold by the Diocese of Clifton with a guide price of £1.7m after the last nuns moved out in 2011. Matt and Charlotte Roberts took over the convent in 2013, opening it as a music venue, hotel and restaurant. However, both have since been subject to bankruptcy orders.
Martin Rogers, head of UK hotel transactions at Savills, said: "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."
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