Summary - FLAT, 35, MARKET PLACE GL16 8AA
**Standout Features:**
- **Location:** Central Market Place in Coleford
- **Income Potential:** Current income of £44,900 per annum from retail + £7200 from residential flat
- **Conversion Opportunity:** Potential to complete 2nd-floor apartments for an additional estimated £24,000 annual income
- **Established Business:** Occupied by Fairways Furnishings, a reliable tenant since the 1980s
- **Mixed-Use:** Ground and first-floor retail space along with a residential apartment
**Concerns:**
- **Current Business Lease:** Tenants are protected; no immediate access for buyers
- **Incomplete Works:** 2nd-floor apartments require completion
**Summary:**
Explore a lucrative commercial freehold investment in the heart of Coleford's Market Place. This expansive Georgian-style property boasts both ground and first-floor retail spaces currently generating £44,900 annually, complemented by a residential apartment achieving £7,200 per year. The property presents an exciting opportunity for future income expansion with the potential conversion of the unfinished 2nd-floor apartments, estimated to add another £24,000 a year once completed.
Situated opposite the Clock Tower and surrounded by a vibrant community, this property benefits from strong foot traffic and multiple access points. Fairways Furnishings, an established tenant, assures you of reliable cash flow while you consider the conversion of the remaining apartments or explore other creative uses for the spacious interior.
This investment combines a sound income base with growth potential in a central location, making it ideal for investors looking to capitalize on the charming market town of Coleford. Act fast—opportunities like this don’t stay on the market for long!
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