Market Place, Coleford
- PROPERTY TYPE
Commercial Property
- BEDROOMS
3
- BATHROOMS
3
- SIZE
Ask agent
Key features
- MIXED USE INVESTMENT OPPORTUNITY
- TWO RETAIL UNITS
- THREE ONE BEDROOM FLATS
- GARDEN AND PARKING
- YIELD 7%
Description
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).
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.
N.B. - These particulars do not constitute part or all of an offer or contract. All information contained within these particulars is given in good faith but should not be relied upon as being a statement or representation of fact. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. None of the services or appliances mentioned in this brochure have been tested. We would recommend that prospective purchasers satisfy themselves as to their condition, efficiency and suitability before finalising their offer to purchase. All measurements are approximate and as such should be considered incorrect. Potential buyers are advised to recheck the measurements before committing to any expense. Any movable contents, fixtures and fittings, (whether wired or not) referred to in these property particulars (including any shown in the photographs) are, unless the particulars say otherwise, excluded from the sale. It should not be assumed that the property has all necessary planning, building regulation or other consents and these matters must be verified by an intending purchaser. Trivett Hicks has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor. All statements contained in these particulars as to this property are made without responsibility on the part of Trivett Hicks, or the vendors or lessors.
Tenure - Freehold
Viewing Arrangements - Strictly by arrangement with the Selling Agents, Trivett Hicks, 53 Broad Street, Ross-on-Wye. Tel: .
Epc's - 15a - C
15b - E
16a - D
15 - C
Brochures
Market Place, ColefordBrochureEnergy Performance Certificates
EE RatingMarket Place, Coleford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lydney Station6.6 miles
About the agent
Trivett Hicks offers a professional friendly service in Residential Sales, Lettings and Property Management. We have been established since 2005 and our team have over fifty years experience in the field. We have two offices in Herefordshire. One is based in Hereford city centre which is run by Jeremy Trivett and the other is in the town of Ross-On-Wye run by Jason Hicks, both of whom grew up in Herefordshire and have a vast knowledge of the city and its surroundings. We offer free market a
Notes
Disclaimer - Property reference 32874519. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Trivett Hicks, Ross On Wye. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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