Lot 93 - 5 & 5a Heywood Road, Cinderford, Gloucestershire, GL14 2PL
Guide Price* : £155,000+
- Unconditional Online Auction Sale
- 1 Bedroom
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/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.
Guide Price* : £155,000+
- Unconditional Online Auction Sale
- 1 Bedroom
Lot 93 - Mixed Used Premises with Planning for Four Flats & Retail Unit
Viewing
Paul Fosh Auctions
Joint Agent
Toombs & Toombs Property Consultants
Office Contact
Paul Fosh - 01633 254044
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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.