Planning application lodged to turn Coles Bar and Restaurant into two houses
Maddy and Mark Coles have applied to Wiltshire Council for change of use to turn their well known bar and restaurant on Kingsbury Street into two self-contained houses - one with two bedrooms and one with four bedrooms. Their attempts to sell the business have attracted "no sensible offers".
Mrs and Mrs Coles want to retire and have been trying to sell their long-established bar and restaurant as a going concern since June 2014. The property and business was being marketed by Christie and Co - who are specialist property agents with a national reputation for selling restaurants, pubs and hotels.
They put Coles Bar and Restaurant - which also has some domestic living accommodation - on the market as an established business at £1.1million. In April last year they reduced the asking price to £950,000. "However," Christie and Co say, "we were still unable to generate interest."
Christie and Co now think that to find a buyer Mr and Mrs Coles would have to reduce the asking price to £650,000. The Coles have now 'reluctantly' decided to apply for permission to convert the building into two homes.
The application for change of use explains that the main reason no buyer has been found is that the restaurant has no allocated parking on Kingsbury Street and does not have its own car park. Also: "The north end of Kingsbury Street is predominantly residential and does not attract many pedestrians up from the main High Street."
"This significantly affects the business which relies more on car drivers who get very frustrated at not being able to park easily."
The application states: "It has become clear that there is no demand for the business at what is a realistic price, given the disadvantages of the location of Coles."
The building is not listed, but within the Marlborough Conservation Area it is noted as a significant building. The conversion will involve only minor external alterations.
Inspectors for the 2016 Michelin Guide obviously liked the atmosphere at Coles Bar and Restaurant: "Cosy and buzzy with a loyal following. Two rooms feature an eclectic range of memorabilia - including architects' plans and vineyard maps. The menu is equally as diverse, with dishes ranging from fishcakes to monkfish 'ossobuco'."