2 bed property for sale

Church Street, Newent GL18

Grade II listed rarely available business/investment opportunity. Very well presented and Versatile pub/office/art gallery and two residential flats located in the thriving historic market town of newent with an Income of £21,000pa.

Rarely available business/investment opportunity

Very well presented and Versatile commercial and residential accommodation located in the thriving historic market town of newent.

The property benefits from a prime trading location in the town amongst other shops and businesses surrounded by a densely populated and developing residential area.

Newent town centre offers ample parking, a wide range of good quality retailers commercial businesses which draw in the local community and visitors alike.

The accommodation is laid out over 3 floors with the Ground Floor offering flexible accommodation comprising:

Ground Floor Shop Front/Pub

Approx 477 sq ft Fully glazed shop front bay window, open plan pub area, exposed beams, w.c., kitchenette area, gas heating and access down to large cellar. Internal door leads through to:

Ground Floor Rear Shop/Art Gallery

Approx 504 sq ft 3 Separate good sized rooms with separate w.c. And kitchenette area, double glazed windows and doors, gas central heating, exposed beams, currently used as an art gallery.

Outside

Small courtyard to rear.

First Floor Flat

Exposed beams, night storage heating, lounge, separate bedroom, kitchen and shower room. Income £400pcm. (however this could easily be increased with work on the flat.)

Second Floor Flat

Comprising lounge, separate bedroom, kitchen and shower room. Income £500pcm.

Planning

We understand the property currently has A1, A2 and B1 use although other uses could be suitable subject to the necessary consents.

Agents Notes

1. The shop/micro pub and two residential flats are currently occupied and generate an income of £21,000pa.

2. The shop/micro pub is currently leased on a 5 year lease agreement with 18 months to run.

Services

Mains water, electricity and gas.

Viewing

Strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 9.00am 7.00pm Monday to Friday, 9.00am 5.30pm Saturday.

Rateable Value

The ground floor is subject to small business rate relief.
Flats are council tax band A.

Directions

From Newent office proceed along the High Street, into Broad Street and then into Church Street where the property can be found on the right hand side.

Property Surveys

Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys).