3 bedroom block of apartments for sale

Shop - 6.62m x 3.34m (21'9" x 10'11") - Window to front, open plan to:

Inner corridor leading to:

Back Office - 2.00m x 2.67m (6'7" x 8'9") - Window to side, door to:

Inner Lobby - Door to:

Wc - Low level WC, window to side.

Shop - Window to front, open plan to:

Prep Room - Access to:

Store - Providing further prep area/storage space.

Rear Lobby - Door to: WC.

Store Room - Accessed from rear of the building.

First Floor - Communal landing with access to:

15A Entrance Hall - Doors to:

Bedroom - 4.78m x 2.31m (15'8" x 7'7") - Window to front.

Inner Hall - Window to side, steps, door to:

Kitchen - 1.68m x 1.54m (5'6" x 5'1") -

Bathroom - Window to side.

Living Room - 3.55m x 2.69m (11'8" x 8'10") - Window to rear, window to side, door to Airing Cupboard.

16A One Bedroom Flat (Indicative) - This property was not available for inspection at the time particulars were prepared but offers a living room, kitchen, bedroom and bathroom.

Second Floor - Communal hall providing access to:

15B Entrance Hall - Doors to:

Living Room - 3.56m x 4.07m (11'8" x 13'4") - Two windows to front.

Kitchen - 2.72m x 2.78m (8'11" x 9'1") - Window to rear, open plan to airing cupboard.

Bedroom - 4.79m x 2.88m (15'9" x 9'5") - Window to front.

Bathroom -

Wc -

Income - Each of the retail units are currently occupied and generating an income of £8,320 per annum and £14,484 per annum respectively. The latter also pays an additional £520 per annum for the store room at the rear. Further lease details available upon request.
One of the flats is currently occupied and producing £7,200 per annum. The two remaining flats are available and seeking £7,800 each per annum.
The total income for the whole building were it fully occupied would be £46,124, a yield of just over 7%.

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, . Band X, £0,000.00 (2022/23)
15 Market Place - Business Rate rateable value £3,950, resulting in basic Business Rates of £1,917.05. Small business rate relief would reduce this to zero for qualifying businesses.
16 Market Place - Business Rate rateable value £4,950, resulting in basic Business Rates of £2,470.05. Small business rate relief would reduce this to zero for qualifying businesses.
The flats are all believed to be Council Tax Band A, £1,449.50 (2023/24).

Directions- From our office, proceed through market place, continue around the clock tower where the property can be found on the left hand side via our for sale board.