Lot 39 - 15-16 Market Place, Coleford, Gloucestershire, GL16 8AW
- Unconditional Online Auction Sale
- Guide Price* : £250,000+
- Bedrooms: 3
View a Walkthrough of the Property
Lot 39 - Commercial Investment Opportunity
Description
ONLINE AUCTION from 14th APRIL - 16th APRIL 2026
The property comprises a mid terrace, three-storey, mixed-use building of traditional construction.
The ground floor provides two self-contained retail units with frontage onto Coleford Square. The upper floors comprise three one-bedroom apartments, each with separate access to the rear. The residential units also benefit from off-road parking.
The property occupies a central position within an established retail parade and offers potential for further development to the rear, subject to the necessary planning consents.
Accommodation
| Tenant | Rent |
|---|---|
| Apartment One (15A) | Let at £6,000 per annum |
| Apartment Two (16A) | Apartment Two (16A) – Vacant (Estimated Rental Value £7,200 per annum) |
| Apartment Three (15B) | Vacant (Estimated Rental Value £7,200 per annum) |
| Commercial Unit One (Kebab Shop) | £15,340 per annum |
| Commercial Unit Two (Book Shop) | £9,100 per annum |
| Total Rental Income | £30,440 per annum |
| Potential Rental Income (Fully Let) | £44,840 per annum |
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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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
Legal Documents
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If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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