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Agent's details

A mixed commercial/Residential Investment.

For sale: POA|4,087 Sq Ft|Retail, Flat, Residential

Property details

FOR SALEPOA
SIZE4,087 Sq Ft
ADDRESSForest Parade, Forest Road, Lydney, Gloucestershire. GL15 5LA
TYPERetail, Flat, Residential
TENUREFor Sale Freehold
POSTED ON5th June 2024

Description

An end terrace/corner property comprising 3 retail units on the ground floor and 3 residential flats on the upper floor. (2 x 2 beds and 1 x 3 bed)

The property is constructed of a mixture of facing brickwork and reconstituted stone to the elevations under a pitched tiled roof.

TENURE
The property is owned Leasehold and subject to several Long Leasehold agreements.

The site benefits from excellent road links both to Chepstow and Gloucester via A48 to the West and East respectively.

Lydney sits on the Southern Edge of the Forest of Dean in Gloucestershire and, along with Cinderford and Coleford, is one of the main centres within the area. Lydney has over recent years experienced considerable expansion and new home building.

Residential:
Flat 1 - 2000 years from Sept 1988
Flat 2 - 99 years from Sept 1998
Flat 3 - 99 years from Sept 1998
All flats are let on Assured Shorthold Tenancy Agreements

Rental Income
Flat 1 - £5700 per annum (paid monthly)
Flat 2 - £6120 per annum (paid monthly)
Flat 3 - £6012 per annum (paid quarterly)

All flats are let on Assured Shorthold Tenancy Agreements

Location

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Location: Forest Parade, Forest Road, Lydney, Gloucestershire. GL15 5LA

Lydney (0.8 miles)

Cam & Dursley (7.3 miles)

Chepstow (8.5 miles)

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