4 bedroom block of apartments for sale

>

4 bedroom block of apartments for sale

Market Place, Coleford GL16
£325,000

Our Summary

  • A fantastic investment opportunity comprising ground floor retail unit with two residential flats on the upper floors
  • In addition the property offers future development potential to the rear, subject to any planning consents that may be required
  • The area to the rear offers the potential for re-development and in addition could be combined with the external space to the rear of the neighbouring property (for sale separately)

Description

This property offers a fantastic investment opportunity, comprising a ground floor retail unit with two residential flats above, generating an overall annual income of £35,400, representing a yield of just over 7%. The retail unit is currently let on a 9-year lease, while the two flats are let on assured shorthand tenancies. The property also offers future development potential to the rear, subject to any necessary planning consents. The current occupants are fully aware of the potential for redevelopment and are willing to vacate if a buyer wishes to pursue this option. The property is located in a prime trading position in the heart of the market town, with off-road parking and a small lawned garden to the rear.
Finance This Property