THE CONVENT hotel and live music venue in South Woodchester has been placed on the market for £4 million.
This follows the news that the couple who own the Grade II listed former Convent of Poor Clares have owned 78 companies at the address, most of which have either been dissolved or liquidated.
Last week Matthew and Charlotte Roberts, who bought the venue for around £1.75 million in 2013, announced that the venue would no longer host live music and would refocus its efforts as a TV studio.
The SNJ also reported on claims that investors were in dispute over the running of the business and a range of loans.
These investors contributed a total of around £6 million to buy the freeholds for the buildings and land surrounding The Convent.
But now the 18th Century property is up for sale via global real estate agents Savills with a guide price double the amount of its original sale.
It is now under the control of receivers Damian Webb and Phillip Rodney Sykes of RSM Restructuring Advisory LLP.
The property is listed on Savills’ website as a ‘Fine development opportunity in the heart of the Cotswolds, it states: “The premises would be suitable for a variety of uses (STP) and most recently have been used as a boutique hotel, restaurant and live music venue.
“The current owners have secured planning permission and listed building consent for 44 bed hotel with further development opportunity in the grounds.
“The property comprises a series of interlinked buildings, owing to the continued development of the main building over the centuries.
“The main building has been partially converted to hotel use, and has an attached chapel currently operating as a music venue, although could suit a variety of uses subject to planning.”
“Internally, the main building currently comprises a restaurant, 14 lettable hotel bed rooms and an attached dwelling, The Lodge, occupied by the current owner, comprising 2 reception rooms, kitchen and breakfast room, 4 bedrooms and 2 bathrooms.”