3 bedroom block of apartments for sale
Key information
Property description & features
- Mixed use opportunity
- Coleford town centre position
- Two retail shops, three apartments
- Approximate yield of 7%
- Off road parking, enclosed gardens
- Call for more information
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.
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Property reference S1107268. 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 Hattons Estate Agents - Coleford.
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Broadband availability and predicted speed: obtained from Ofcom on June 28, 2023
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Mobile phone signal availability and predicted strength
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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
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Energy Performance data and Internal floor area
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