Unique Opportunity for Community-Orientated Multi-Use Development, Glastonbury, Somerset

Location: Glastonbury/Wells, Somerset, UK

Name: Red Brick Building – Hotel Name-Free

No. of Keys: 25 plus spa/wellness centre, bar/s and restaurant/s, venue space.

The Property: The Red Brick Building Centre, established in 2013 is an innovative community-owned social enterprise based in the former Morlands Factory situated between Glastonbury and Street in Somerset. The building was once a sheepskin factory with an important local industrial heritage.

In the last six years Redbrick Building, a community-owned social enterprise, have raised close to £1 million locally and through grants and have transformed two of the three derelict buildings into a vibrant community space for all ages.

This includes affordable hot desk space; workspaces for social enterprises and small businesses; an award-winning restaurant; a local FM radio station; artisan workshops; a holistic health practice; a youth club and a space hosting a variety of events for the local community including regular gigs, the Glastonbury Film Challenge, workshops including yoga and Tai Chi and more.

Red Brick Investors Club – A small number of local organisations and individuals have invested
large sums of money in the building. Without this essential support the building work would not
have been possible.

“Bocabar is a restaurant that fits many purposes, from somewhere to enjoy a casual drink to a
restaurant for a celebration. The care and attention taken to local sourcing carries throughout.
The drinks and cocktail menu communicates local suppliers, just as well as the food menu does!”

Bocabar was a finalist in the Casual Dining Category of the Taste of the West Awards.

The opportunity is for an investor to come in a JV basis to develop the third building on the site to create a 25-room hotel, well-being centre (xx sq. ft), with another food and drink outlet on the ground floor, either retail units or event space also on the ground floor.

Building C comprises: Two floors Ground and First of 900 sqm, existing community garden of 650 sqm and existing car-park to serve the site as a whole of 3,050 sqm. A roof space that could provide a room-bar.

Full floor plans available

Main Photo: The overview of Red Brick Building

Tenure: Red Brick own the freehold

Brand/Management: Brand and Management free

Current Owner: A community-owned social enterprise

Guide Price/Investment: To be discussed

Agent: The Hotel Property Team

Date Posted: September 2019

THPT Comment: The current owners, as a social enterprise, are very open as to how the structure of a deal might be originated, a Joint Venture, Lease, HMA…the key is to find like-minded people to help this group to develop Red Brick in keeping with their original ethos.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.