Lot 80 - 17 Market Place, Coleford, Gloucestershire, GL16 8AW
Lot 80 - 17 Market Place, Coleford, Gloucestershire, GL16 8AW
Guide Price* : £270,000+
- Unconditional Online Auction Sale
Lot 80 - Mixed-Use Investment with Further Income Potential
Description
ONLINE AUCTION from 10th November-12th November 2026
A substantial mixed-use freehold investment property occupying a prominent position on Market Place in the centre of Coleford.
The property comprises a ground floor commercial premises with residential accommodation above, providing an established income stream together with the opportunity to increase the overall rental income.
The commercial premises, occupied by Light Fantastic Hardware Ltd, currently produce £16,640 per annum. We have been informed by the vendor that a rent review is due next year.
The residential element comprises Flats 17A and 17B. Flat 17B is currently let at £11,400 per annum, while Flat 17A is currently vacant and is considered to have a potential rental income of approximately £850 per calendar month / £10,200 per annum, as advised by the vendor.
The property currently generates £28,040 per annum.
Tenancies
To be sold with tenants in situ
Commercial Premises: Let to Light Fantastic Hardware Ltd at £16,640 per annum. We understand a rent review is due next year. Please refer to the legal pack for full lease details.
Flat 17A: Currently vacant.
Flat 17B: Two bedroom flat currently producing £11,400 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.
Guide Price* : £270,000+
- Unconditional Online Auction Sale
Lot 80 - Mixed-Use Investment with Further Income Potential
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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