5 bedroom block of apartments for sale

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5 bedroom block of apartments for sale

Newland Street, Coleford GL16
£325,000

Our Summary

  • Development Potential: The rear garden offers additional rental income opportunities, either as storage space or potential redevelopment (subject to necessary permissions)
  • A fantastic investment with stable rental income and further potential for growth
  • Development Potential – Large 90 ft garden with a 30 ft covered storage area, suitable for additional rental income or redevelopment (STPP)

Description

This Grade II listed freehold property is a unique mixed-use investment opportunity, featuring a double-width shopfront currently leased as a yoga studio, as well as three residential flats. The flats generate a strong rental income stream, with a gross yield of 7.17%, while the shop provides additional income. The property also boasts a rear garden, covered storage area, and potential for further development. With stable rental income and growth potential, this property offers a fantastic investment opportunity. The property is located in Coleford, Gloucestershire, and is available for viewing through the owner's selling agent.