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Studio apartment for sale

Newent, Gloucestershire


Property Description

Key features

  • Four One Bedroom Flats
  • Rental Income Circa 16,500 per annum
  • 7.6% Gross Yield
  • Town Centre Location

Full description

Investment opportunity to purchase four flats and their respective freehold located close to Newent town centre.

Newent itself offers a range of amenities to include Shops, Schools, Churches of various denominations, Health, Sports and Community Centres and a Local Library. A regular Bus Service runs to Gloucester, Ross-on-Wye and surrounding areas.

Sporting and leisure facilities within the area include a choice of Golf Clubs, various forms of Shooting and Fishing, the Dry Ski Slope at Gloucester, active Rugby, Football and Cricket teams etc.

For the commuter access can be gained to the M50 motorway (junction 3) approximately 3.5 miles away for connection with the M5 motorway, linking up the Midlands, and the North, Wales and the South.

There are three flats available on Broad Street and one on Court Lane as follows:

Communal Entrance Hall - This gives access to 9, 11 and 13 Broad Street flats. Door to:

Flat 9 - Comprising entrance hall, kitchen, lounge, bedroom and bathroom.
RENT - £380.00 pcm.

Flat 11 - Comprising entrance hall, lounge, kitchen, bathroom and staircase to the bedroom.
- £330.00 pcm.

Flat 13 - Located on the third floor and comprises entrance hall, lounge, kitchen, wc, bedroom with shower.
- £309.00 pcm.

7 Court Lane, Newent, Glos. Gl18 1Ar - Accessed via steps to the rear with entrance hall, sitting room, kitchen, bedroom, shower room and wc.
- £350.00 pcm.

Services - Mains water, electricity and drainage. All the flats have electric heating.

Water Rates - To be advised.

Local Authority - Council Tax Band: A - for all flats.
Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.

Tenure - Freehold.

Agents Note - The Income generated is circa £16,500 per annum for the flats. Three of them currently have tenants in situ. The purchase will also include the Freehold to the shops below.

Viewing - Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 9.00am 7.00pm Monday to Friday, 9.00am 5.30pm Saturday.

Directions - From Newent Office proceed along the High Street, into Broad Street and the entrance to 3 flats can be found found between the florist and new start cats rescue. 7 Court Lane - turn right out of the office and follow the road around passing the car park into Court lane and the access can be found by steel steps.

Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys)

Misrepresentation Disclaimer - All reasonable steps have been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is of particular importance to you, please obtain professional confirmation. Alternatively, where possible we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements quoted are approximate. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. Any drawings, sketches or plans are provided for illustrative purposes only and are not to scale. All photographs are reproduced for general information and it cannot be inferred that any items shown are included in the sale.

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More information from this agent

Listing History

Added on Rightmove:
01 April 2016

Map & Street View

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