Summary - Flat, 4, Market Place, COLEFORD GL16 8AQ
**Standout Features:**
- Mixed-use commercial property: ground floor retail, first floor offices, second floor apartment
- Attractive Victorian stone facade in a central town location
- Current income streams: £6,000 from retail, £3,000 from offices, and £5,400 from the apartment
- Freehold tenure, generating a total annual income of £14,400
- Opportunity for future renovations or updates in the kitchen and bathrooms
**Potential Concerns:**
- High crime rate in the local area
- Maintenance needed in kitchen and some bathrooms
- Current businesses remain unaffected
Discover an exceptional investment opportunity in the heart of Coleford with this mixed-use property at 4 Market Place. This striking Victorian commercial building offers a unique blend of retail, office, and residential spaces, currently yielding a total annual income of £14,400. The ground floor retail unit and first-floor offices are occupied under existing lease terms, providing immediate cash flow, while the second-floor one-bedroom apartment is tenanted on an assured tenancy agreement.
With a central location surrounded by essential amenities—such as shops, dining, and schools—you'll benefit from high foot traffic and easy accessibility. However, potential buyers should be aware of the property's need for some updates, particularly in the kitchen and bathrooms, presenting a future renovation opportunity to enhance value. Perfect for investors looking for a combination of commercial and residential rental income, this property won’t last long on the market. Embrace this chance to secure a freehold asset with great income potential amidst a vibrant urban community!
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