An excellent opportunity for investors, developers, owner-occupiers or those seeking a retail premises with the added benefit of separate residential accommodation.
Occupying a prominent position on one of the busiest sections of Market Street in the heart of Cinderford town centre, the property enjoys an extensive glazed shop frontage, providing excellent visibility and display potential. Most recently occupied by a successful carpet and flooring retailer, the premises are now available following the business's relocation to larger premises.
The commercial accommodation includes a useful basement offering extensive storage space together with potential for further development or alternative uses, subject to the necessary consents. The basement also provides access to the rear parking area, where there is a detached garage requiring extensive refurbishment.
The residential accommodation, known as 19A, benefits from its own independent entrance and comprises a spacious two-bedroom maisonette. The first floor offers a sitting room, kitchen, bathroom and second bedroom, while a spiral staircase leads to the upper floor, providing a generous principal bedroom together with a useful attic storage area.
The maisonette is currently let on an assured periodic tenancy, providing an immediate income stream for purchasers.
Location
Cinderford is the principal commercial centre within the eastern Forest of Dean and serves a wide surrounding rural population. The town offers an excellent range of independent retailers, national supermarkets, cafés, schools and public services, together with good road links to Gloucester, Cheltenham, Monmouth and the M5 motorway. Its position within the Forest of Dean also attracts visitors throughout the year, supporting a thriving local economy and making the town an increasingly attractive location for retail, residential and mixed-use investment. The town continues to benefit from ongoing regeneration initiatives designed to strengthen the vitality of the town centre and encourage further investment.
This is a versatile mixed-use property offering excellent investment potential, scope to enhance the commercial premises and basement, and the opportunity to retain or further develop the residential accommodation, subject to the necessary consents.
Development & Investment Potential
The property offers considerable scope to add value through refurbishment, reconfiguration or redevelopment, subject to obtaining any necessary planning permissions and statutory consents. The extensive basement provides potential for additional commercial accommodation, storage, workshop space or other alternative uses, while the rear garage and parking area offer further opportunities for improvement. With an established residential income already in place from the self-contained maisonette and the flexibility to occupy or re-let the commercial premises, the property presents an attractive proposition for investors seeking immediate income together with future asset enhancement. The combination of retail, residential and development potential makes this a rare mixed-use opportunity in a prominent town centre location.
* Plus 5% Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
Occupies a prominent position
Excellent opportunity for investors, developers, owner-occupiers
Development & Investment Potential
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).
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