Shop - 6.62m x 3.34m (21'9" x 10'11") - Window to front, open plan to:
Inner corridor leading to:
Back Office - 2.00m x 2.67m (6'7" x 8'9") - Window to side, door to:
Inner Lobby - Door to:
Wc - Low level WC, window to side.
Shop - Window to front, open plan to:
Prep Room - Access to:
Store - Providing further prep area/storage space.
Rear Lobby - Door to: WC.
Store Room - Accessed from rear of the building.
First Floor - Communal landing with access to:
15A Entrance Hall - Doors to:
Bedroom - 4.78m x 2.31m (15'8" x 7'7") - Window to front.
Inner Hall - Window to side, steps, door to:
Kitchen - 1.68m x 1.54m (5'6" x 5'1") -
Bathroom - Window to side.
Living Room - 3.55m x 2.69m (11'8" x 8'10") - Window to rear, window to side, door to Airing Cupboard.
16A One Bedroom Flat (Indicative) - This property was not available for inspection at the time particulars were prepared but offers a living room, kitchen, bedroom and bathroom.
Second Floor - Communal hall providing access to:
15B Entrance Hall - Doors to:
Living Room - 3.56m x 4.07m (11'8" x 13'4") - Two windows to front.
Kitchen - 2.72m x 2.78m (8'11" x 9'1") - Window to rear, open plan to airing cupboard.
Bedroom - 4.79m x 2.88m (15'9" x 9'5") - Window to front.
Bathroom -
Wc -
Income - Each of the retail units are currently occupied and generating an income of £8,320 per annum and £14,484 per annum respectively. The latter also pays an additional £520 per annum for the store room at the rear. Further lease details available upon request.
One of the flats is currently occupied and producing £7,200 per annum. The two remaining flats are available and seeking £7,800 each per annum.
The total income for the whole building were it fully occupied would be £46,124, a yield of just over 7%.
Independent Financial Advice - We are able to arrange a no obligation introduction to a mortgage advisor who specialises in various areas of financial planning, including mortgages.
Local Authority & Charges - Forest of Dean District Council, . Band X, £0,000.00 (2022/23)
15 Market Place - Business Rate rateable value £3,950, resulting in basic Business Rates of £1,917.05. Small business rate relief would reduce this to zero for qualifying businesses.
16 Market Place - Business Rate rateable value £4,950, resulting in basic Business Rates of £2,470.05. Small business rate relief would reduce this to zero for qualifying businesses.
The flats are all believed to be Council Tax Band A, £1,449.50 (2023/24).
Directions- From our office, proceed through market place, continue around the clock tower where the property can be found on the left hand side via our for sale board.
*This mortgage calculator is provided for general information purposes only. It's intended to provide you with an estimate of your potential mortgage payments and does not constitute an offer of finance or advice. The calculations are based on the information you provide and do not take into account your individual needs and circumstances.
The calculator does not include all the costs you will need to pay when taking out a mortgage. Your actual mortgage payments may be higher or lower than the estimates provided by this calculator. The interest rates used in the calculations are subject to change and may not reflect the actual rates available in the market.
Please note that the calculator does not consider changes in interest rates over time, early repayment charges, or any other fees and charges that may apply to your mortgage. You should always seek professional advice before making any financial decisions.
Remember, your home may be repossessed if you do not keep up repayments on your mortgage.
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