Newerne Street, Lydney Guide Price £599,995
Please enter your starting address in the form input below.
Please refresh the page if trying an alternate address.
- PRIME TOWN CENTRE POSITION
- TWO LEASEHOLD RETAIL UNITS
- FOUR, ONE BEDROOM FLATS
- FURTHER DEVELOPMENT POTENTIAL (SUBJECT TO PLANNING)
- OFFERS INVITED
- CURRENT RENT ROLL IN THE REGION OF £35k
KJT LYDNEY ARE PLEASED TO OFFER FOR SALE A THREE STOREY COMMERCIAL/RESIDENTIAL INVESTMENT BUILDING COMPRISING TWO LEASEHOLD RETAIL UNITS & FOUR ONE BEDROOM FLATS WITH FURTHER DEVELOPMENT POTENTIAL - CIRCA 5.5% 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 - Unit 1 and Unit 2 Leasehold.
RENT ROLL
Retail - £14,200 pax Residential - £21,164 pax Total Rent Roll - £35,364 pax (Potential to increase Rent Roll subject to revised roof top flat - subject to consent and construction)
AGENTS NOTE
Plans drawn for a proposed luxury roof top flat - available at KJT Residential Lydney office by notice (subject to planning consent).
Click to enlarge
Lydney GL15 5RA