Church Street, Newent, Gloucestershire
£275,000 For Sale


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

  • 7% return
  • Character property
  • Central location
  • All three tenanted
  • Ground floor shop/office
  • 2 apartments above

Accommodation

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.

Location

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 is the 'jewel of the town'.
Newent is served by three schools, all within the town, a doctors surgery and dentist, Sports & Leisure Centre and various churches of different denominations. With excellent motorway links to the M50 & M5.

Tenure, Services and Local Authority

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