5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Newerne Street, Lydney GL15
£425,000

Our Summary

  • A stable investment opportunity comprising; A self-contained retail unit producing circa £6000pax
  • Investment opportunity

Description

This property investment opportunity in Lydney's main Commercial Street consists of a self-contained retail unit producing £6,000 per annum, as well as two 2-bedroom apartments and one 1-bedroom maisonette, all fully let on Assured Shorthold Tenancies (ASTs) generating £25,800 per annum. The property also offers rear parking and a courtyard, with a total gross income of £31,800 per annum. The retail unit is under lease, and the apartments and maisonette are freehold. The property is located in Council Tax Band A and benefits from mains services.