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5 bedroom block of apartments for sale
Newerne Street, Lydney
£485,000
Newerne Street, Lydney
£485,000
Our Summary
- A stable investment opportunity comprising; A self-contained retail unit producing circa £6000pax
Description
This property investment opportunity comprises a self-contained retail unit, two 2-bedroom apartments, and one 1-bedroom maisonette, all located on Lydney's main Commercial Street. The retail unit generates approximately £6,000 per annum, while the apartments, which are fully let on assured shorthold tenancies (ASTs), produce around £25,800 per annum. The property also features rear parking and a courtyard, and is situated in a prime location with a Council Tax Band of A. The total gross income is approximately £31,800 per annum, and the property is available on a freehold tenure with the retail unit under a lease.