Market Place, Coleford

£399,000

Guide price

A fantastic investment opportunity comprising ground floor retail unit with two residential flats on the upper floors. In addition the property offers future development potential to the rear, subject to any planning consents that may be required. The property is currently fully occupied and generating an overall annual income of £35,400, representing a yield of just over 7%. Internal viewing strictly by appointment.

17 Market Place

A ground floor retail unit with associated store room, kitchen and WC. Currently let on a 9 year lease (commenced 2020 TBC), at £3,900/quarter.

Shop

10.90m x 5.70m (front section) (35'9 x 18'8 (fro

Glazed to the front, approx 96 sq.m retail space overall, doors to:

Store Room

6.66m x 2.55m overall max (21'10 x 8'4 overall m

with door to outside.

Kitchen

3.14m x 1.01m (10'4 x 3'4 )

Window to side, single drainer sink unit, door to:

Inner Lobby

Door to:

W.C.

Window to side, low level WC, wash hand basin.

17a Market Place

A 2 bedroom first floor flat currently let on an assured shorthand tenancy at £800 per calendar month. Entrance door to:

Kitchen

3.40m x 1.68m (11'2 x 5'6 )

Fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit, space for fridge, electric oven, four ring electric hob with extractor hood over, uPVC frosted double glazed window to side, doors to:

Bathroom

With pedestal wash hand basin, shower enclosure and low-level WC, window to side, door to cupboard housing hot water tank.

Living Room

4.32m x 2.78m (14'2 x 9'1 )

UPVC double glazed window to side, opening to inner lobby with storage cupboard and doors to:

Bedroom 1

3.62m x 3.53m overall max (11'10 x 11'6 overall

Two double glazed sash windows to front.

Bedroom 2

3.62m x 2.07m overall max (11'10 x 6'9 overall m

Double glazed sash window to front.

17b Market Place

A 2 bedroom flat accessed at first floor level with majority of the accommodation on the second floor, currently let on an assured shorthand tenancy at £850 per calendar month.

Entrance Hall

Stairs to second floor and door to:

Study

2.34m x 1.79m max (7'8 x 5'10 max)

UPVC double glazed window to rear.

Second floor landing

Store cupboard housing hot water tank, doors to:

Living Room/Kitchen

3.60m x 5.44m (11'10 x 17'10 )

An open plan room with three double glazed sash windows to front, Kitchen being fitted with a matching range of base and eye level units with worktop space over, stainless steel sink unit, space for fridge, electric oven, four ring electric hob with extractor hood over.

Bedroom 1

2.47m x 3.00m (8'1 x 9'10 )

UPVC double glazed window to side, door to:

Bedroom 2

2.39m x 2.67m (7'10 x 8'9 )

UPVC frosted double glazed window to rear.

Bathroom

With panelled bath, pedestal wash hand basin and low-level WC.

Outside

To the rear of the property is a hardstanding providing off road parking and access to a small lawned garden. A concrete path provides access to the two residential flats from the rear. The area to the rear offers the potential for re-development and in addition could be combined with the external space to the rear of the neighbouring property (for sale separately). Naturally any planning consents that may be required should be investigated by potential buyers.

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, 01594 810000. 17 - Rateable Value £11,500 (2023/24), 17a - Band A, £1,449.50 (2023/24), 17b - 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: (01989) 768666.