15-16 Market Place, Coleford, Gloucestershire GL16 8AW

A mixed use investment opportunity comprising three one bedroom apartments and two commercial units along with car parking. We are advised a total income £37,640 per annum with scope to increase subject to letting the one vacant apartment.

Tenancy Details:
Apartment One - let at £6000 per annum.
Apartment Two - Let at £7,200 per annum.
Apartment Three - Vacant.
Commercial Unit One (kebab shop) - £15,340 per annum.
Commercial Unit Two (book shop) £9,100 per annum.

Accommodation:

Shop - 6.62m x 3.34m (21ft 9 x 10ft 11)
Window to front, open plan to:

Inner corridor leading to:

Back Office - 2.00m x 2.67m (6ft 7 x 8ft 9)
Window to side, door to:

Inner Lobby - Door to:

Wc
Low level WC, window to side.

Shop
Window to front, open plan to:

Prep Room
Access to:

Store
Providing further prep area/storage space.

Rear Lobby
Door to: WC.

Store Room
Accessed from rear of the building.

First Floor
Communal landing with access to:

15A Entrance Hall
Doors to:

Bedroom 4.78m x 2.31m (15ft 8x 7ft 7)
Window to front.

Inner Hall
Window to side, steps, door to:

Kitchen 1.68m x 1.54m (5ft 6 x 5ft 1)

Bathroom
Window to side.

Living Room - 3.55m x 2.69m (11ft 8 x 8ft 10)
Window to rear, window to side, door to Airing Cupboard.

16A One Bedroom Flat (Indicative)
This property was not available for inspection at the time particulars were prepared but offers a living room, kitchen, bedroom and bathroom.

Second Floor
Communal hall providing access to:

15B Entrance Hall
Doors to:

Living Room - 3.56m x 4.07m (11ft 8 x 13ft 4)
Two windows to front.

Kitchen - 2.72m x 2.78m (8ft 11 x 9ft 1)
Window to rear, open plan to airing cupboard.

Bedroom - 4.79m x 2.88m (15ft 9 x 9ft 5)
Window to front.

Bathroom

Wc

Outside:
To the rear, is a garden area and off road parking which has the potential to be developed further, subject to any planning consents that may be required.

Part Let Part Vacant

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 3.6% of the purchase price (subject to a minimum of £6,000 inc. VAT). 

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.