MIXED USE INVESTMENT PROPERTY FOR SALE
NEWENT TOWN CENTRE
POTENTIAL RENTAL INCOME OF APPROXIMATELY £32,000 PA
GUIDE PRICE: £375,000
Newent is an attractive and thriving unspoilt town with a range of attractions for shoppers and visitors. Many of the buildings date from the thirteenth Century and the centrepiece of the town is the Old Market Hall which was built in 1668. The town is approximately 10 miles from Gloucester 9 miles from Ledbury and just 4 miles to Junction 3 of the M50. Significant further residential expansion of the town if already underway.
The property enjoys a prominent town centre location offering excellent investment opportunity, briefly comprising: two sales shop premises; four flats; and a commercial premises subject to a 999 year leasehold with ground rent payable of £50 per annum. One of the sales shops is currently vacant and available to let.
We have been advised that mains electricity, water and drainage are connected to the property. The Flats have electric heating. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.
The properties can be found in Broad Street Newent
Energy Perfomance Certificate
The EPC rating for this property TBC.
By appointment to be made through the Commercial Department at the Agent's Ledbury Office, Tel 01531 634648 Option 3
Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.
John Goodwin FRICS has made every effort to ensure that measurements and particulars are accurate however prospective purchasers/tenants must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase/lease the property or enter into any contract.
PLANNING Interested parties are advised to enquire of the local authority in order to establish that their required use of the premises will be permitted.
We are advised (subject to legal verification) that the property is freehold, subject to the ongoing leases and tenancy agreements.
GUIDE PRICE: £375,000
( Agency Pilot Software Ref: 4784 )