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Forest Parade, Forest Road, Lydney, Gloucestershire, GL15

Guide Price
£310,000

Business rates & charges may apply

David James, Magor
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SECTOR

High street retail property for sale

Description

A residential investment opportunity comprising three apartments, two spacious two-bedroom units and one spacious three-bedroom unit. The property occupies a prominent position in the heart of this growing town and is fully let, producing a total current rental income of circa £17,800 per annum.

DESCRIPTION

A terraced purpose built commercial and residential block which comprises of 3 retail/hot food units on the ground floor with 3 residential apartments on the first floor (two spacious two bedroom apartments and one spacious three bedroom apartment). The property is constructed of a mixture of facing brickwork and reconstituted stone under a pitched tiled roof

SITUATION

Lydney town offers a wide range of facilities including a variety of shops, bank, building societies and supermarkets, as well as a sports centre, golf course, hospital, doctors’ surgeries, train station, primary and secondary schools. A wider range of facilities are also available throughout the Forest of Dean including an abundance of woodland and river walks. The Severn crossings and M4 towards London, Bristol and Cardiff are easily reached from this area along with the cities of Gloucester and Cheltenham for access onto the M5 and the Midlands.

ACCOMMODATION

Flat One (2 Bedrooms) • Lounge: 16’2” × 10’11” (4.92m × 3.32m) • Kitchen: 9’7” × 9’3” (2.92m × 2.82m), pantry off • Bedroom One: 14’8” × 10’11” (4.47m × 3.32m) • Bedroom Two: 9’9” × 9’3” (2.97m × 2.82m) • Bathroom: 5’11” × 5’4” (1.80m × 1.62m) Flat Two (2 Bedrooms) • Lounge: 16’2” × 10’11” (4.92m × 3.32m) • Kitchen: 9’7” × 9’3” (2.92m × 2.82m), pantry off • Bedroom One: 14’8” × 10’11” (4.47m × 3.32m) • Bedroom Two: 9’9” × 9’3” (2.97m × 2.82m) • Bathroom: 5’11” × 5’4” (1.80m × 1.62m) Flat Three (3 Bedrooms) • Lounge: 15’9” × 11’2” (4.80m × 3.40m) • Kitchen/Dining: 12’8” × 12’6” (3.86m × 3.81m) • Bedroom One: 13’9” × 10’4” (4.19m × 3.15m) • Bedroom Two: 13’6” × 9’4” (4.11m × 2.84m) • Bedroom Three: 11’2” × 7’7” (3.40m × 2.31m) • Bathroom: 8’11” × 7’7” (2.72m × 2.31m)

TENURE

The property is held Leasehold and subject to tenancy agreements: • Flat 1 – 2,000 years from September 1988 • Flat 2 – 99 years from September 1998 • Flat 3 – 99 years from September 1998

SERVICES

Mains water, electricity and drainage are connected. THE SERVICES AND CENTRAL HEATING SYSTEMS, WHERE APPLICABLE, HAVE NOT BEEN TESTED.

QUOTING TERMS

Each party will be responsible for their own legal fees involved in the transaction. The purchasers will indemnify the vendor in respect of their reasonable legal costs in the event of withdrawing from the transaction following the receipt of the contract.

LEGAL COSTS

Each party will be responsible for their own legal fees involved in the transaction. The purchasers will indemnify the vendor in respect of their reasonable legal costs in the event of withdrawing from the transaction following the receipt of the contract.

ENERGY PERFORMANCE CERTIFICATES

1 Forest Parade (top floor flat) - 60 sq/m - Energy rating F 2 Forest Parade (top floor flat) - 60 sq/m - Energy rating E 3 Forest Parade (top floor flat) - 98 sq/m - Energy rating E

VIEWING

Strictly by appointment with David James Tel: Or with our joint agent Dave Toombs – Toombs and Toombs Tel: /

LOCAL AUTHORITY

Forest of Dean District Council -

Brochures

Forest Parade, Forest Road, Lydney, Gloucestershire, GL15

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Lydney Station0.8 miles

About David James, Magor

Court Barn, West End, Magor, Monmouthshire, NP26 3HT

David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.

Notes

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Disclaimer - Property reference WER250148. 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 David James, Magor. 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.

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