Block of flats for sale in High Street, Cinderford GL14

Toombs & Toombs Property Consultants are pleased to offer for sale this investment building comprising eight purpose built one bedroom apartments with allocated parking and views situated in a town centre location. Current rent passing circa £525 pcm per apartment/approx. £50,400k per annum, potential uplift to £550 pcm per apartment/circa £52,800k per annum. Subject to planning consent potential for further apartments within the attic space.

Approximate Room Sizes

Bedroom - 4m x 3m (13'2 x 9'10)
Kitchen/Living room - 4m x 4.2m (13'2 x 13'9)
Bathroom - 1.74m x 2m (5'9 x 6'6)

Outside

Allocated parking for each apartment.

Agents Note

On offer the Freehold incorporating the Management company - Kenley House Management Company Limited to the incoming purchaser. That purchaser can then offer or sell them individually with leasehold options.

Services

Mains water, electricity and drainage. The services and central heating, where applicable, have not been tested.

Viewing

Please note our vendor clients will only allow viewings on the basis of a cash proceedable purchaser, or proven investment buyer with proof of funding i.e. Commercial mortgage etc. Viewings do require an element of notice, not all apartments will be available to view, one or two will be available as examples of the whole block. If a sale is agreed with the client then a more in-depth inspection of the whole block will be agreed.

Outgoings

Council tax band 'A'

apartments 2,3,4 & 6 - EPC rating 'C'
apartments 1,5,7 & 8 - EPC rating 'D'

Agents Note

The Partners of Toombs & Toombs Properties have a financial interest in this property.