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5 & 5a Heywood Road, Cinderford... Mixed use for sale
5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
£175,000
5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
£175,000
Our Summary
- FOR SALE BY AUCTION - -Lot 40 - Mixed Used Premises with Planning for Four Flats & Retail UnitONLINE AUCTION from 29th JULY-31st JULYSituated 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
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Here is a summary of the property description in a single paragraph:
A mixed-use commercial/residential building is up for auction in Cinderford, a charming market town in the Forest of Dean, Gloucestershire. 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 and four flats above, including two one-bedroom and two two-bedroom units. The property is expected to generate significant rental income, with estimated monthly rents of £700 for the one-bedroom flats, £850 for the two-bedroom flats, and £500 for the retail unit, totalling £3,600 per month or £43,200 per year. With its central location and abundant outdoor activities nearby, this property presents a great investment opportunity.