Residential properties for auction in Sling, Gloucestershire

THE OLD DEFENSIBLE BARRACKS PEMBROKE DOCK, SOUTH WEST WALES

Auction Date: 21st - 22nd November

Guide Price: £850,000 +

•Grade II* Listed Building
•Approx. GIA floor area 45,000 ft.²
•Guide price devalues to less than £20 ft.²
•Approx. site area 4.45 acres
•Renovation work to East Wing mostly completed
•Five existing 1 & 2 bed apartments
•Development opportunity (STP)
•Suitable for a variety of uses (STP)
•Located close to Pembrokeshire Coast National Park

A three bedroom terraced property with potential for conversion subject to planning.

This three bedroom terraced property situated in Market Street Cinderford offers versatile accommodation over three floors including open plan living on the ground floor and a basement with two rooms. There is potential for conversion subject to the necessary planning consents being obtained.

Accommodation

The accommodation offers open plan living on the ground floor with 3 bedrooms and a family bathroom on the first floor. From the kitchen area a trap door leads to the basement area which has two rooms and a kitchen area/store room. To the rear of the property there is an enclosed garden which has a large timber shed with power and light and a chicken coup. To the side of the property is a gated hauling way providing access to the garden and the lower ground floor making the property ideal for a flat conversion.

Viewing

By appointment Partner Agents KJT

For Sale by Auction

On Thursday 13th December at 7.00pm At Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ 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.

Energy Efficiency Rating (EPC)

Current Rating F

Local Authority

Forest of Dean District Council

Solicitors

Dobbs and Drew, Blue Rock House, Blue Rock Crescent, Bream, Lydney, GL15 6LW, Ref: Lisa Dobbs, Tel: 01594 562239

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.

Viewing Times
Please call Auction House Bristol & West on 0117 946 4949 to arrange a viewing

Residential

Two bedroom residential park home for the over 45s.

Located in the Wye Valley offering countryside, river and forest views.

There is a current Ground Rent of £130 per month.

Tenure
See Legal Pack

Accomodation

Lounge/dining room, kitchen, utility room, two double bedroom, en-suite cloakroom and bathroom.

Outside

Decked terrace, two lawned areas and off road parking.

Viewing Schedule

Wednesday 21st November 10.00-10.30
Wednesday 28th November 10.00-10.30
Wednesday 5th December 14.00-14.30
Monday 10th December 14.00-14.30

Energy Efficiency Rating (EPC)

Current Rating G

Local Authority

Herefordshire County Council

Solicitors

Site Pack, No solicitor required,

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 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.

Viewing Times
Wed 21 Nov 10:00-10:30
Wed 28 Nov 10:00-10:30
Wed 5 Dec 14:00-14:30
Mon 10 Dec 14:00-14:30

Stunning Family Home

Four bedroom detached cottage with superb views over the River Wye towards Goodrich Castle and the South Herefordshire Countryside.

This four bedroom cottage lies off a country track leading from Bulls Hill. The hamlet of Leys Hill, within the parish of Walford, is approximately 10 minutes drive to the historic market town of Ross-on-Wye with a range of shopping, sporting, social facilities and the primary schools of Walford and Goodrich.

The property is backed by beautiful woodland with foot paths where access to the Wye Valley Walk can be gained.

Tenure
See Legal Pack

Ground Floor

Entrance hall, cloakroom, lounge, study, kitchen/dining room and sun room.

First Floor

Four bedrooms, en-suite shower room and family bathroom.

Outside

The property is approached via a single track which leads to the parking and turning area. Gated entrance leads in from the parking area with steps down to the property, outside power and lighting, full length terrace and decked area with views to Ross-on-Wye and the South Herefordshire countryside.
The garden slopes away from the front of the property and extends to Whitings Lane which can be accessed from the Walford to Forest of Dean road.
There is a lawned area and also an area of woodland included with the sale.

Viewing Schedule

By Appointment.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Herefordshire County Council

Solicitors

Spicketts Battrick, 3 - 4 Gelliwastad Road, Pontypridd, CF37 2AU, Tel: 01443 407221

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 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.


Viewing Times
Please call Auction House South Wales on 02920 475 184 to arrange a viewing

Residential

Ideal for the buy to let investor or owner occupier, is this two bedroom bungalow located just outside the sought after town of Ross on Wye with an excellent range of local amenities. The property is well presented and benefits from an off road parking space.

Tenure
See Legal Pack

Accommodation

Lounge, kitchen, inner hallway, two bedrooms and shower room.

Outside

Courtyard garden and parking.

Viewing Schedule

Friday 23rd November 10.00-10.30
Thursday 6th December 11.00-11.30

Local Authority

Herefordshire County Council

Solicitors

Spicketts Battrick, 3 - 4 Gelliwastad Road, Pontypridd, CF37 2AU, Tel: 01443 407221

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £594 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.

Viewing Times
Thu 8 Nov 11:00-11:30
Fri 16 Nov 14:30-15:00
Fri 23 Nov 10:00-10:30
Thu 6 Dec 11:00-11:30

** THIS PROPERTY IS STILL AVAILABLE - PLEASE REFER TO AUCTIONEER **

Features
Arranged over four floors
Former building society at ground floor
First and second floor offices
Potential net initial yield of 10.75%
Nearby occupiers: Barclays, Joules & HSBC
Planning permission submitted to convert upper floors into residential
Planning reference application: DM/2018/00386
Freehold with vacant possession

Location
This property is located on Agincourt Square, within the heart of Monmouth, Gwent. The property is situated close by to a range of both national and international retailers including; Barclays Bank, Joules and HSBC.

Monmouth is situated approximately 40 miles northeast of Cardiff and 90 miles southwest of Coventry. There is good road access via A449, M4 and M5.

Gwent is a county borough in Wales, bordering the areas of Monmouthshire and Torfaen to the east, Caerphilly to the west and Powys to the north.

Description
• For Sale By Online Auction - TBC
Guide Price: £365,000+
• Vacant freehold Investment Property
• Ground floor retail – no empty business rates payable
• Planning to convert upper floors to residential – planning reference DM/2018/00387
• Potential income of £40,800 pa – 10.75% based on guide price

A terraced property arranged over four floors. The property is entered at ground floor and was previously used as a Building Society. The Building Society includes hardwood counters and is fully alarmed. There is a court yard to the rear, a kitchen and additional storage rooms.

The first and second floors are accessed via the ground floor, by way of separate entrance. The first and second floors are currently set out as offices, however, the vendor has applied for planning permission to convert the upper floors to a three bedroom duplex apartment.

Externally, the property is rendered with wooden sash windows, under a pitched and tiled roof.

Services
We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.

Tenure
Freehold

Investment Analysis
This property is offered with vacant possession to all four floors. We consider the ground floor retail unit, once let, will achieve a rental income in the region of £2,000 pcm. Assuming the upper floors were to remain as offices, we consider the achievable rental income to be in the region of £1,400 pcm (£40,800 per annum), reflecting a net initial yield in the region of 10.75% based on the guide price.

However, planning permission has been granted to convert the upper floors in to a large three bedroom flat, which we envisage could sell for around £250,000, if renovated to a good standard.

Guide Price
£365,000+

Buyer’s Premium
2% (min. £3,600) inc. VAT.

Sell Your Property
If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

• 0% Seller Fee
• £0 Entry Fee
• £0 Marketing Costs
• 20 Working Day Completion
• Monthly auctions

** 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.