Block of flats for sale in Forest Road, Lydney GL15

An end terrace/corner property comprising 3 retail units on the ground floor and 3 residential flats on the upper floor. (2 x 2 beds and 1 x 3 bed)

The property is constructed of a mixture of facing brickwork and reconstituted stone to the elevations under a pitched tiled roof.

Tenure

The property is owned Leasehold and subject to several Long Leasehold agreements..

Residential:
Flat 1 - 2000 years from Sept 1988

Flat 2 - 99 years from Sept 1998
Flat 3 - 99 years from Sept 1998
All flats are let on Assured Shorthold Tenancy Agreements

Rental Income
Flat 1 - £5700 per annum (paid monthly)
Flat 2 - £6120 per annum (paid monthly)
Flat 3 - £6012 per annum (paid quarterly)

All flats are let on Assured Shorthold Tenancy Agreements.

Location:

The site benefits from excellent road links both to Chepstow and Gloucester via A48 to the West and East respectively.
Lydney sits on the Southern Edge of the Forest of Dean in Gloucestershire and, along with Cinderford and Coleford, is one of the main centres within the area. Lydney has over recent years experienced considerable expansion and new home building.