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Residential properties for auction in Gloucestershire

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Vacant Former Chapel with Potential for Conversion to a Residential Dwelling/Holiday Let (Subject to obtaining the necessary consents)

The property comprises a former chapel building that extends to approximately 850 sq.ft (79 sq.m) and occupies a substantial overall site extending to circa 2,885 sq.ft (268 sq.m) with a maximum width of about 144ft (44m) and a maximum depth of about 31ft (9.5m). From the rear there is a view across the valley to the north. The longest boundary extends east along a restricted byway.

Tenure
Freehold

Location
The property is located in a picturesque rural location within the Wye Valley, approximately one mile from the Welsh border. The villages of Coldharbour, Llandogo, St Briavels and The Hudnalls National Nature Reserve lie within easy reach. The historic market town of Chepstow lies approximately 8 miles to the south, whilst the railway station at Lydney lies some 7 miles to the east.

Accommodation
Ground Floor
Entrance Porch
Chapel
Kitchen
Two Separate W/Cs and Shower accessed externally

Viewing Details
Open House Viewings:
Saturday 13th October 12:00 - 12:30
Monday 15th October 15:00 - 15:30
Friday 19th October 15:00 - 15:30
Saturday 20th October 12:00 - 12:30

Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Gideon Chapel, Loop Road, The Common, Lydney, GL15 6SG
Vacant Former Chapel with Potential for Conversion to a Residential Dwelling/Holiday Let (Subject to obtaining the necessary conse...
Type: House, Residential
Location: Gideon Chapel, Loop Road The Common, Lydney, GL15 6SG
Size: 850 Sq Ft
Images: 5
Brochures: 1
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** UNSOLD, PLEASE REFER TO AUCTIONEER **

This is a substantial and imposing Grade II Listed town house arranged as 8 self-contained 1 bedroom flats. The original building is believed to date from the late 18th century with a later 2 storey rear extension making it roughly T shaped. The flats are all approached from the rear with external staircases providing access to the upper floors. With all flats currently let this is a well established high income producing investment with the current rent at circa £40,000 per annum. Most of the tenants have been in in occupation for several years although the flats are now at a point where they would benefit from modernisation and improvement. With potential to increase rents once modernised or to break up an sell as well as further development possibilities the property is sure to be of interest to investors and developers.

Tenure

Freehold

Situation

Coleford is a small market town in the west of the Forest of Dean, close to the Wye Valley. Situated close to the Town Clock the property enjoys ease access to the local shopping and leisure facilities that such a central positions affords.

Accommodation

The property comprises 8 self-contained 1 bedroom flats with potential to turn some of them in to 2 beds. With several of the tenants having been in the property for a number of years this is a well established investment although it would benefit from modernisation. There is a large mostly unused cellar and large rear garden which both offer some development potential subject to the necessary consents.

Possession

The property is sold subject to the existing periodic assured shorthold tenancies. We understand most of the rents are paid weekly with some of the tenants in receipt of housing allowance. The Forest of Dean Local Housing Allowance for 1 beds is £92.05 per week and for 2 beds is £122.36 per week.

Partner Agent

KJT Residential Lydney, 43 Newerne Street, Lydney, Gloucestershire GL15 5RA
E: lydney@kjtoombs.co.uk W: kjtoombs.co.uk/
T: 01594 844444

Viewing
By appointment

Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding.

Search Pack Fee

£360 inc VAT payable upon the fall of the gavel/exchange of contracts.

Legal Pack

A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

Do you need finance?

In most cases there is a lender for nearly every property. We work with several independent brokers and lenders who are specialists in funding properties that are sold at auction. Let us have your details and we will put you in touch with the right people.

Need to get the auction pack reviewed?

AH Legals work with a number of solicitors who will review the legal pack for you. Get in touch to find our more.

Local Authority

Forest of Dean District Council

Solicitors

Pitman Blackstock White Solicitors, 6 Hill Street, Forest of Dean, Gloucestershire, Lydney, GL15 5HE, Ref: Ross White, Tel: 01594842475

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Caragh House, Newland Street, Coleford, GL16 8AH
High yielding investment property producing circa £40,000pa
Type: Residential, Flat, House
Location: Caragh House Newland Street, Coleford, GL16 8AH
Images: 10
Brochures: 1
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