Lydney 01594 844444

Cinderford 01594 823033

Coleford 01594 833333

Gloucester 01452 417447

Newerne Street, Lydney Offers in the Region Of £499,500

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  • PRIME TOWN CENTRE POSITION
  • TWO LEASEHOLD RETAIL UNITS
  • FOUR, ONE BEDROOM FLATS
  • FURTHER DEVELOPMENT POTENTIAL
  • OFFERS INVITED

THREE STOREY COMMERCIAL/RESIDENTIAL INVESTMENT BUILDING COMPRISING TWO LEASEHOLD RETAIL UNITS & FOUR ONE BEDROOM FLATS WITH FURTHER DEVELOPMENT POTENTIAL - CIRCA 7.8% GROSS RETURN


Lydney town offers a wide range of facilities including a variety of Shops, Banks, building societies and supermarkets, as well as a Sports Centre, Golf Course, Hospital, Doctors surgeries, Train Station, Primary and Secondary Schools.

A wider range of facilities are also available throughout the Forest of Dean including an abundance of woodland and river walks. The Severn crossings and M4 towards London, Bristol and Cardiff are easily reached from this area along with the cities of Gloucester and Cheltenham for access onto the M5 and the Midlands.

DESCRIPTION

Three storey Semi Detached comprising Two leasehold retail units and Four One Bedroom Flats (all with AST'S). Further development potential (roof top apartment stpc + frontage).

SCHEDULE OF FLOOR AREA

all measurements are approximate:

GROUND FLOOR

Retail 1 – 31m²/333sft Retail 2 - 50m²/538sft 1st Floor – 2 Flats - 71m²/764sft 2nd Floor – 2 Flats - 71m²/764sft Total Net Internal - 223m²/2400sft Gross External Floor Area - 253m²/2722sft

SERVICES

Mains are understood to be available. All interested parties will make their own enquiries.

TENURE

Offered Freehold - the subject of Unit 1 Leasehold, Unit 2 Leasehold being Held Over.

RENT ROLL

Retail - £14,200 pax Residential - £21,164 pax Total Rent Roll - £35,364 pax (Potential to increase Rent Roll to circa £37k)

AGENTS NOTE

Plans drawn for a proposed luxury roof top flat - available at KJT Residential Lydney office by notice.


Click to enlarge

Newerne Street
Lydney GL15 5RA
County: Gloucestershire
Sale Type: For Sale
Ref #: LYD0989

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