High Street, Cinderford Offers Over £600,000
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Toombs & Toombs Property Consultants are pleased to offer for sale this investment building comprising eight purpose built one bedroom apartments with allocated parking and views situated in a town centre location. Current rent passing circa £525 pcm per apartment/approx. £50,400k per annum, potential uplift to £550 pcm per apartment/circa £52,800k per annum. Subject to planning consent potential for further apartments within the attic space.
The property is situated in Cinderford in the heart of the Forest of Dean. There are many scenic walks to enjoy. There is local shop very close by and Cinderford Town Centre is within walking distance. Cinderford has a cinema in the Town Centre as well as local amenities. There are road links to Ross on Wye 8.8 miles, Lydney 12.5 miles, Gloucester 15.5 miles.
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.
APPROXIMATE ROOM SIZES
Bedroom - 4m x 3m (13'2 x 9'10) Kitchen/Living room - 4m x 4.2m (13'2 x 13'9) Bathroom - 1.74m x 2m (5'9 x 6'6)
OUTSIDE
allocated parking for each apartment.
AGENTS NOTE
on offer the Freehold incorporating the Management company - Kenley House Management Company Limited to the incoming purchaser. That purchaser can then offer or sell them individually with leasehold options.
SERVICES
mains water, electricity and drainage. THE SERVICES AND CENTRAL HEATING, WHERE APPLICABLE, HAVE NOT BEEN TESTED.
VIEWING
Please note our vendor clients will only allow viewings on the basis of a cash proceedable purchaser, or proven investment buyer with proof of funding i.e. commercial mortgage etc. Viewings do require an element of notice, not all apartments will be available to view, one or two will be available as examples of the whole block. If a sale is agreed with the client then a more in-depth inspection of the whole block will be agreed.
OUTGOINGS
COUNCIL TAX BAND 'A' APARTMENTS 2, 3, 4 & 6 - EPC RATING 'C' APARTMENTS 1, 5, 7 & 8 - EPC RATING 'D'
AGENTS NOTE
the Partners of Toombs & Toombs Properties have a financial interest in this property.
Click to enlarge
- EIGHT PURPOSE BUILT ONE BEDROOM APARTMENTS
- ALL APARTMENTS HAVE DOUBLE GLAZING, ELECTRIC BACKGROUND HEATING, ALLOCATED PARKING & WOODLAND VIEWS
- EACH APARTMENT HAVING A KITCHEN/LIVINGROOM, BEDROOM & BATHROOM
- 999 YEAR LEASE FROM JANUARY 2003
- SITUATED CLOSED TO THE TOWN AMENITIES
- THE APARTMENTS ARE CURRENTLY FULLY LET
Request A Viewing
Cinderford GL14 2SZ
Toombs & Toombs Property Consultants