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Newland Street, Coleford GL16 Mixed use for sale
Newland Street, Coleford GL16
£350,000
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 Grade II listed freehold property is a mixed-use investment opportunity, featuring a double-width shopfront currently leased as a yoga studio, as well as three residential flats. The flats generate a strong rental income stream, with a gross yield of 7.17%. The property also boasts a rear garden, a covered storage area, and development potential. The shop and flats are let on a long-term basis, with no rent increases since 2016 and 2017, respectively. The property is situated in Coleford, Gloucestershire, and is close to local amenities and services. Viewings are strictly through the owners' selling agent, and qualified chartered surveyors are available to undertake surveys.