An opportunity to acquire a shop/office with 2 residential units above located in a prime position within the centre of the town. Tenants in situ. Grade II listed with character features and well presented.
- Grade II Listed
- Character Property
- Central Location
- Investment Opportunity
- Approx 7% yield
- Tenants already in
Ground Floor Shop Front/Office (Approx 477 sq ft)
Fully glazed shop front bay window, open plan retail/office area, exposed beams, w.c., kitchenette area and storage heaters, internal door leads through to:
Ground Floor Rear Shop/Office/Residence (Approx 504 sq ft)
Three separate good sized rooms with separate w.c., and kitchenette area, exposed beams, gas central heating.
Side Pedestrian Access
Leads to stairway to the first floor and second floor flats.
First Floor Flat
Exposed beams, night storage heater, lounge, separate bedroom, kitchen and shower room.
Second Floor Flat
Comprising lounge, separate bedroom, kitchen and shower room.
Planning: 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
Mains water, electricity and gas
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
From the centre of Newent into Church Street where the property can be found on the right hand side.
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.