Church Street, 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

Description

This property bursting with charter 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.

Accommodation (Approx 981 sq ft)

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.

Information

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
Mains water, electricity and gas

Directions

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

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.

Location