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5 & 5a Heywood Road, Cinderford... Mixed use for sale
5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
£155,000
5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
£155,000
Our Summary
- FOR SALE BY AUCTION - -Lot 93 - Mixed Used Premises with Planning for Four Flats & Retail UnitONLINE AUCTION from 7th OCTOBER-9th OCTOBERSituated just outside the town centre of Cinderford is a mixed-use commercial/residential building currently laid out with a vacant commercial unit and a one bedroom flat
- The building has planning: ref P0524/24/FUL for part change of use to a retail ground floor, a one bedroom flat & a two storey rear extension, to provide two additional residential flats - Total one retail/2 one bed flats/first floor 2 two bed flats
Description
Located just outside the town center of Cinderford, this mixed-use commercial/residential building is up for auction and offers a unique investment opportunity. The property currently has a vacant commercial unit and a one-bedroom flat, but has planning permission to be converted into a retail unit on the ground floor, with one one-bedroom flat and two two-bedroom flats above. The proposed development would generate an anticipated monthly revenue of £3,600, or £43,200 annually, making it an attractive investment opportunity. The town of Cinderford, located in the heart of the Forest of Dean, offers a charming mix of traditional and modern amenities, as well as plenty of outdoor activities to enjoy.