Summary - 6 - 8 NEWLAND STREET COLEFORD GL16 8AN
5 bed 3 bath Mixed Use
Grade II listed mixed-use with strong yield and garden development potential.
Double-width ground-floor shoplet currently let as a yoga studio
A rare Grade II listed mixed-use freehold in central Coleford offering immediate rental income and clear upside for an investor. The property comprises a double-width ground-floor shoplet currently let as a yoga studio and three self-contained flats (two 2-bed, one 1-bed) producing a combined current rent of £25,080 pa. At the asking price the income equates to roughly a 7.2–7.8% gross yield depending on calculation.
Income stability is a strong selling point: all units are occupied, with the shop and flats providing a steady cashflow. The building retains period character — high ceilings in the commercial rooms and a Victorian staircase with stained glass — which supports tenant appeal and potential for premium rental or holiday-let positioning once EPC/modernisation issues are addressed.
Material considerations for a buyer: the property is Grade II listed, which will restrict alterations and may complicate redevelopment or conversion. All flats currently hold EPC ratings of E; significant energy upgrades could be needed. Rents have not increased since 2016–2017, so there is headroom to improve income but this may require tenant negotiations or investment. There is medium flood risk and local crime levels are high, both of which should be factored into insurance and management costs.
The rear garden (approx. 90ft) with a 30ft covered storage area is a practical asset — suitable for rental storage, bike garages, or potential redevelopment subject to planning and listed-building consents. With mains gas heating, double glazing fitted post-2002 and good mobile signal, the property is operational now but will benefit from targeted refurbishment to maximise yield and long-term value.
Shop for sale in Market Place, Coleford, GL16 — £199,950 • 2 bed • 3 bath • 1183 ft²
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