Claremont House, High Street, Lydney, Gloucestershire, GL15 5DX
Claremont House, High Street, Lydney, Gloucestershire, GL15 5DX
Commercial properties
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Newerne Street, Lydney Guide Price £450,000

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** COMMERCIAL/RESIDENTIAL INVESTMENT BUILDING ** TOOMBS & TOOMBS PROPERTIES ARE PLEASED TO OFFER FOR SALE THIS THREE STOREY SEMI DETACHED PROPERTY COMPRISING TWO LEASEHOLD GROUND FLOOR RETAIL UNITS & FOUR ONE BEDROOM FLATS (all with AST'S) WITH A POTENTIAL FOR A ROOFTOP APARTMENT SUBJECT TO PLANNING CONSENT AND POTENTIAL FOR FURTHER IMPROVEMENT OF THE BUILDING TO INCREASE THE RENT ROLL. 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 potential for a rooftop apartment subject to planning consent and potential for further improvement of the building to increase the rent roll.

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 - Retail units 1 and 2 Leasehold.

RENT ROLL

Retail - £14,000 pax Residential - £21,500 pax Total Rent Roll - £38,000 pax (Potential to increase Rent Roll subject to revised roof top flat - subject to consent or improvements to existing apartments)

AGENTS NOTE

Plans drawn for a proposed luxury roof top flat, consent not applied for or achieved - contact the agent for further details.

AGENTS NOTE

the Partners of Toombs & Toombs Properties have a financial interest in this property.


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  • PRIME TOWN CENTRE POSITION
  • TWO GROUND FLOOR LEASEHOLD RETAIL UNITS
  • FOUR, ONE BEDROOM FLATS
  • FURTHER DEVELOPMENT POTENTIAL (SUBJECT TO PLANNING)
  • OFFERS INVITED
  • CURRENT RENT ROLL IN THE REGION OF £38k

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Newerne Street
Lydney GL15 5RA
County: Gloucestershire
Sale Type: For Sale
Ref #: T&T2047
Maxine Voss
Toombs & Toombs Properties
P: 01594 844444
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