Offered for sale is a unique business consisting of a substantial freehold property, two successful businesses and change of use approval to convert part of this property into a highly profitable children's nursery.
The property, located on the outskirts of Tamworth, has operated as a public house since approximately 1865.
The upper floors of the property have been used as a House of Multiple Occupancy (HMO) which generates a healthy regular income.
Approval for a 43 place nursery was granted by North Warwickshire Borough Council in May 2024. The opportunity exists to create additional nursery places in the upper floors of the property, though this would be subject to additional planning/change of use approval.
The current owner believes that once the property has been converted there is scope for generating an annual income in excess of £600,000 with a potential profit in excess of £350,000 per annum.
The first floor of the property is currently operated as an HMO which generates an income of approximately £3k per month to the owner of the property.
These premises together with the recent approval for a change of use will provide the new owner with an attractive income and profit opportunity for many years to come.
