Shop for sale
Property description & features
- COMMERCIAL FREEHOLD INVESTMENT
- GROUND & FIRST FLOOR RETAIL
- 1 X RESIDENTIAL APARTMENT
- COMPLETION REQUIRED FOR 2ND FLOOR APARTMENTS
- CENTRAL TOWN LOCATION
- CURRENT BUSINESS NOT AFFECTED
Please note the current occupiers are not selling and are protected under their Lease terms for continuation of business.
The premises are fronting both the popular Market Place address in Coleford, opposite the Clock Tower. There are further access points to the side and rear.
The occupying business is Fairways Furnishings who have successfully traded in Coleford since the 1980's and have proven to be model tenants of this substantial building.
The rent quoted and received does not include any further additional rent received from the uncompleted apartments. The residential flat is currently occupied under an Assured Shorthold Tenancy Agreement at £6000.00 per annum.
Please refer to the floorplan for room dimensions and layout.
Further lease details available upon viewing and please be mindful that we are selling the freehold and not the trading business.
Income: - The ground and part first floor retail units produce an income of £44,900.00 per annum.
The residential apartment attracts a current rent of £500.00 pcm.
The potential of further income maybe derived from conversion of the remining apartments which would equate to £6000.00 per annum per unit. In total, there are a further 4 units that could be completed with potential income of a further £24,000.00 per annum.
Independent Financial Advice: - We are able to arrange a no obligation introduction to a mortgage advisor who specialises in various areas of financial planning, including mortgages.
Local Authority & Charges: - Forest of Dean District Council.
Money Laundering Regulations: - To comply with money laundering regulations, prospective purchasers will be asked to produce photographic identification documentation at the time of making an offer. We ask for your cooperation in order that there is no delay in agreeing the sale.
Energy Performance Certificate: - An EPC will be made available during the marketing period.
Vat: - All prices quoted are of exclusive of VAT whether charged or not.
Viewings: - Please contact Dean Estate Agents to arrange an appropriate time. We are scheduled for viewings during opening hours of the business 9:00am -5:00pm. The last viewing appointment being 4:00pm and being vacated by 4:45pm.
Consumer Notes: Dean Estate Agents Ltd have prepared the information within this website/brochure with care and co-operation from the seller. It is intended to be indicative rather than definitive, without a guarantee of accuracy. Before you act upon any information provided, we request that you satisfy yourself about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose.
These details do not constitute any part of any Offer, Contract or Tenancy Agreement.
Photographs used for advertising purposes may not necessarily be the most recent photographs, although every effort is made to update photographs at the earliest opportunity. Any reliance you place on such information is therefore strictly at your own risk. All photographic images are under the ownership of Dean Estate Agents Ltd and therefore Dean Estate Agents retain the copyright. You must obtain permission from the owner of the images to reproduce them.
Tenanted Property - we are not always able to show the most recent condition of a property due to tenants' privacy and we may choose to show the photographs of the property when it was last vacant to at least allow clients some idea of the internal condition. Therefore, we would of course, urge you to view before making any decisions to purchase or rent the property and before any costs.
Energy Performance Certificates are supplied to us via a third party and we do not accept responsibility for the content within such reports.
PRC Certificates - Some ex-local authority properties have been repaired in recent years using the PRC Scheme wherein a certificate has been produced by a qualified property engineer. This certificate does not imply the suitability for a mortgage approval and you must satisfy yourself of the work carried out that may meet your lenders criteria.
As with leasehold property or new build development sites, you are likely to be responsible for a contribution to management charges and/or ground rent or a contribution to the development service charge. Please enquire at the time of viewing.
You may also incur fees for items such as leasehold packs and, in addition, you will also need to check the remaining length of any lease before you complete a mortgage application form.
Please ask a member of our team for any help required before committing to purchase a property and incurring expense.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33139410. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Dean Estate Agents - Coleford.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.