Newland Street, Coleford GL16 5 bed block of apartments for sale

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Newland Street, Coleford GL16 5 bed block of apartments for sale

Newland Street, Coleford GL16
£350,000

Our Summary

  • Development Potential: The rear garden offers additional rental income opportunities, either as storage space or potential redevelopment (subject to necessary permissions)
  • A fantastic investment with stable rental income and further potential for growth
  • Development Potential – Large 90 ft garden with a 30 ft covered storage area, suitable for additional rental income or redevelopment (STPP)

Description

This property is a Grade II listed, freehold mixed-use investment opportunity in Coleford, comprising a double-width shopfront currently leased as a yoga studio, and three residential flats. The flats generate a strong rental income stream with a gross yield of 7.17%, with current rentals totaling £25,080 per annum. The property also features a rear garden and covered storage area, offering potential for additional rental income or redevelopment. The property is available for viewing through the owners' agent, Steve Gooch, and is awaiting vendor approval for the verified details.