Newent, Gloucestershire
£275,000 For Sale


ATTENTION INVESTORS! 7% return

A well presented property bursting with character. With shop/office and 2 residential apartments above (all currently let) located in a prime position within the centre of Newent town. NO CHAIN


  • 7% return
  • Character Property
  • Central Location
  • All three tenanted
  • Ground floor shop/office
  • 2 Apartments above

Accommodation

This property bursting with character is centrally located in Newent high street and incorporates a shop/office plus two one bedroomed apartments above. 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.

On the ground floor to the front is a fully glazed shop bay window with open plan split level retail/office area with exposed beams, w.c., and kitchenette area. An internal door leads through to the rear shop/office area encompassing three separate good sized rooms with separate w.c., and kitchenette area with exposed beams.

There is external side pedestrian access which leads to a stairway to the first and second floor apartments. The first floor apartment has exposed beams, night storage heaters, lounge, separate bedroom, kitchen and shower room. The second floor apartment also comprises of a lounge, separate bedroom, kitchen and shower room.

Freehold

Mains water, electricity and gas

Forest of Dean District Council - Flats tax band A £1164.12 2018/19

£3950 per annum for the retail unit and offices are £1900 per annum

Situation

Newent originally called Noent is a small market town about 8 miles north west of Gloucester, on the northern edge of the Forest of Dean. The town includes a half-timbered market house, plus other houses of historical nature and Newent Lake a large picturesque lake in the centre of the town, originally part of the Newent Court Estate. Newent is served by three schools, doctors surgery and dentist, Sports & Leisure Centre. Excellent motorway links to the M50 & M5.

Directions

Located in the centre of Newent near the market square in Church Street.

Tenure, Services, Local Authority

Freehold

Mains water, electricity and gas

Forest of Dean District Council - Flats tax band A £1164.12 2018/19

£3950 per annum for the retail unit and offices are £1900 per annum

Location