Get brand editions for Naylor Powell, Newent

Residential Development for sale

Church Street, Newent, Gloucestershire

£275,000

Property Description

Key features

  • Grade II Listed
  • Character Property
  • Central Location
  • Investment Opportunity
  • Approx 7% yield
  • Tenants already in

Full description

*ATTENTION INVESTORS!* 7% Yield*
An opportunity to acquire a shop/office with 2 residential units above located in a prime position within the centre of the town. Tenants in situ. Grade II listed with character features and well presented.

Ground Floor Shop Front/Office - Approx 477 sq ft (Appro x 1565'0" sq ft) - Fully glazed shop front bay window, open plan retail/office area, exposed beams, w.c., kitchenette area and storage heaters, internal door leads through to:

Ground Floor Rear Shop/Office/Residence - Approx 504 sq ft (Appro x 1653'7" sq ft) - Three separate good sized rooms with separate w.c., and kitchenette area, exposed beams, gas central heating.

Side Pedestrian Access - Leads to stairway to the first floor and second floor flats.

First Floor Flat - Exposed beams, night storage heater, lounge, separate bedroom, kitchen and shower room.

Second Floor Flat - Comprising lounge, separate bedroom, kitchen and shower room.

Agents Notes - Planning: We understand the property currently has A1, A2, and B1 use although other uses could be suitable subject to the necessary consents.

The shop/micro pub and two residential flats are currently occupied and generate an income in the region of £19,440 per annum.

The shop/micro pub is currently leased on a 5 year agreement commenced July '17, £10,260 per annum

Services - Mains water, electricity and gas

Local Authority - Forest of Dean District Council
£3950 per annum for the retail unit and offices are £1900 per annum
Flats Council Tax A
£1114.13 - 2017/18

Directions - From the centre of Newent into Church Street where the property can be found on the right hand side.

Disclaimer: These particulars do not form part of any contract and no responsibility is accepted for any errors or omissions in any statement made, whether verbally or written for or on behalf of Naylor Powell.

Floorplans have been prepared for identification purposes only, they are not to scale and no guarantee can be given as to their accuracy.

Prospective purchasers please be aware none of the appliances, boiler, heaters etc. which may have been mentioned in these particulars have been tested and no guarantee can be given that they are in working order. Prospective purchasers should arrange for such items to be tested at their own expense.


More information from this agent

Nearest station

  • Ledbury (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Naylor Powell, Newent

1 High Street, Newent, GL18 1AN

01531 588010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Naylor Powell, Newent

1 High Street, Newent, GL18 1AN

01531 588010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Ledbury (8.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Naylor Powell, Newent

1 High Street, Newent, GL18 1AN

01531 588010 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 27646501. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Naylor Powell, Newent. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

Map data OpenStreetMap contributors.