Summary - 17, MARKET STREET GL14 2RT
- Freehold three-level commercial premises, approx. 450 sq ft total
- Ground floor retail c.250 sq ft with display windows
- Current rent c.£6,000–£6,500 per annum on short lease
- Conversion potential: upper floors could yield additional c.£5,000 p.a.
- Includes prep/kitchen area, WC and rear pedestrian access
- Very small plot; compact rooms suit boutique retail or small office
- Area classed as deprived with high local crime rate
- Very slow broadband; excellent mobile signal
A compact three-level freehold commercial property in Market Street, Cinderford, offering immediate rental income and conversion upside. The ground-floor retail (circa 250 sq ft) and first-floor retail/office areas sit in a traditional Victorian terrace, matching neighbouring shopfronts and benefiting from town-centre footfall and wide local amenities.
This is primarily an investor opportunity: the property currently produces about £6,000–£6,500 per annum on a short-term lease, with planning and conversion potential to increase income by converting upper floors to a flat (estimated further c.£5,000 p.a. potential). The building also includes a lower preparation/kitchen area, WC and rear pedestrian access useful for ongoing operations or as part of a conversion layout.
Buyers should note material constraints: the property is small (total c.450 sq ft) on a very small plot, situated in an area classed as deprived with a high local crime rate. Broadband speeds are very slow, which may affect certain occupiers. The premises will require some refurbishment to maximise rental value or prepare for residential conversion, and any conversion will be subject to necessary consents.
For investors seeking a low-entry freehold in a busy town centre with clear reversionary potential, this offers an affordable purchase price and a straightforward asset to hold or refurbish. For owner-occupiers or those needing modern telecoms and larger operational space, limitations in size, broadband and local area factors should be weighed carefully.
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