Lot 93 - 5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
- Unconditional Online Auction Sale
- Guide Price* : £155,000+
- Bedrooms: 1
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Lot 93 - Mixed Used Premises with Planning for Four Flats & Retail Unit
Description
ONLINE AUCTION from 7th OCTOBER-9th OCTOBER
Situated just outside the town centre of Cinderford is a mixed-use commercial/residential building currently laid out with a vacant commercial unit and a one bedroom flat.
The building has planning: ref P0524/24/FUL for part change of use to a retail ground floor, a one bedroom flat & a two storey rear extension, to provide two additional residential flats - Total one retail/2 one bed flats/first floor 2 two bed flats.
The property would be a perfect investment and we anticipate the following rents per unit: One bedroom flat - £700 and a two bedroom flat at £850 and £500 PCM for the retail unit bringing in a anticipated monthly revenue of £3,600 = £43,200 annually.
Location
Cinderford is a charming market town in the heart of the Forest of Dean, Gloucestershire. Surrounded by ancient woodlands, it offers abundant outdoor activities like hiking and cycling. The town features a mix of traditional and modern amenities, including shops, cafes, a newly built college, and leisure facilities.
VIRTUAL TOUR:
Tenancies
To be sold with vacant possession
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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