COMMERCIAL
Newerne Street, Lydney
£399,950
- PROPERTY TYPE
Mixed Use
- BEDROOMS
5
- BATHROOMS
3
- SIZE
Ask agent
Key features
- Mixed-Use Freehold Investment In Prime Lydney High Street Location
- Established Retail Unit Producing Circa £6,000 Per Annum
- Three Residential Units All Let On AST’s
- Recently Renovated Flats Finished To A High Specification
- Total Gross Income Circa £33,000 Per Annum
- Approximately 8% Gross Yield
- EPC Ratings 14a C, 14b C and 14c D, Business Rates/Council Tax TBC, Freehold
Description
UNIQUE AND VERSATILE INVESTMENT OPPORTUNITY, positioned in a PROMINENT HIGH STREET LOCATION, offering a WELL-ESTABLISHED RETAIL UNIT alongside THREE INCOME-GENERATING RESIDENTIAL UNITS.
Accommodation - A rare opportunity to acquire a fully let, mixed-use investment located on Lydney’s main commercial street, offering immediate income with potential for long-term growth.
The ground floor comprises a self-contained retail unit extending to approximately 520 sq ft (48 m²), currently let and producing an annual income of circa £6,000. The shop occupies a prominent trading position, benefiting from good footfall and visibility within the town centre.
Above the shop are two well-presented flats, both recently renovated to a high specification throughout, providing modern and attractive accommodation. Flat 1 is currently let at £750 pcm, with Flat 2 achieving £720 pcm, both on Assured Shorthold Tenancies.
To the rear of the property is a separate one-bedroom cottage, also let on an AST at £780 pcm, offering further income and additional appeal to investors seeking a diversified residential element.
Externally, the property benefits from a rear courtyard/parking area, providing useful outside space and practical access for tenants.
In total, the property generates a gross annual income of approximately £33,000, representing a strong and stable return from a fully tenanted asset.
Lydney - Situated on Lydney High Street, the property enjoys a central position within this popular Forest of Dean town, benefiting from a wide range of amenities, shops, and transport links including a mainline train station with services to Bristol and Cardiff.
Services - Mains gas, mains electric, mains water and drainage.
Water Rates - TBC
Forest Of Dean District Council - Council Tax Band: A (Forest of Dean District Council – applicable to residential units)
Tenure - Freehold
Services - Mains water, mains drainage, mains electric, mains gas
Water Rates - To be advised.
Energy Rating - EPC Ratings: 14a C, 14b C and 14c D
Local Authority - Council Tax Band: A
Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.
Viewings - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 8.30am - 7.00pm Monday to Friday, 9.00am - 5.30pm Saturday.
Directions - From Coleford Town Centre proceed to the traffic lights and turn right signposted Lydney/Chepstow, continue up the hill passing the petrol station on the left hand side. Go Straight over at the next set of traffic lights and continue passing the village of Sling. You then turn left signposted Bream and upon approaching the village of Bream proceed past the church and continue along until reaching Lydney. Once entering Lydney turn left at the T junction and proceed over the railing crossing and the property can be found on your right hand side on the High Street.
Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys)
Accommodation - A rare opportunity to acquire a fully let, mixed-use investment located on Lydney’s main commercial street, offering immediate income with potential for long-term growth.
The ground floor comprises a self-contained retail unit extending to approximately 520 sq ft (48 m²), currently let and producing an annual income of circa £6,000. The shop occupies a prominent trading position, benefiting from good footfall and visibility within the town centre.
Above the shop are two well-presented flats, both recently renovated to a high specification throughout, providing modern and attractive accommodation. Flat 1 is currently let at £750 pcm, with Flat 2 achieving £720 pcm, both on Assured Shorthold Tenancies.
To the rear of the property is a separate one-bedroom cottage, also let on an AST at £780 pcm, offering further income and additional appeal to investors seeking a diversified residential element.
Externally, the property benefits from a rear courtyard/parking area, providing useful outside space and practical access for tenants.
In total, the property generates a gross annual income of approximately £33,000, representing a strong and stable return from a fully tenanted asset.
Lydney - Situated on Lydney High Street, the property enjoys a central position within this popular Forest of Dean town, benefiting from a wide range of amenities, shops, and transport links including a mainline train station with services to Bristol and Cardiff.
Services - Mains gas, mains electric, mains water and drainage.
Water Rates - TBC
Forest Of Dean District Council - Council Tax Band: A (Forest of Dean District Council – applicable to residential units)
Tenure - Freehold
Services - Mains water, mains drainage, mains electric, mains gas
Water Rates - To be advised.
Energy Rating - EPC Ratings: 14a C, 14b C and 14c D
Local Authority - Council Tax Band: A
Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.
Viewings - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 8.30am - 7.00pm Monday to Friday, 9.00am - 5.30pm Saturday.
Directions - From Coleford Town Centre proceed to the traffic lights and turn right signposted Lydney/Chepstow, continue up the hill passing the petrol station on the left hand side. Go Straight over at the next set of traffic lights and continue passing the village of Sling. You then turn left signposted Bream and upon approaching the village of Bream proceed past the church and continue along until reaching Lydney. Once entering Lydney turn left at the T junction and proceed over the railing crossing and the property can be found on your right hand side on the High Street.
Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys)
Brochures
Newerne Street, LydneyNewerne Street, Lydney
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lydney Station0.8 miles
Notes
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Disclaimer - Property reference 34655974. 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 Steve Gooch Estate Agents, Coleford. 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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