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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 property is a unique mixed-use investment opportunity in Coleford, featuring a double-width shopfront currently leased as a yoga studio, as well as three residential flats. The flats, comprising two two-bedroom and one one-bedroom unit, generate a strong rental income stream with a gross yield of 7.17%. The property also has a rear garden and covered storage area, offering potential for additional rental income or redevelopment. The shop and flats are fully let, with no rent increases since 2016 and 2017, respectively. The property is situated in a prime location, with easy access to local amenities and transportation links. With its rich history and potential for growth, this property presents a fantastic investment opportunity for those looking to diversify their portfolio.