New Road, Coalway, Coleford Guide Price £115,000
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** ONLINE AUCTION from 4th FEBRUARY-6th FEBRUARY ** Toombs & Toombs Property Consultants/Paul Fosh Auctions are pleased to offer for sale this two storey building comprising two self-contained, vacant flats. When fully let, the property is anticipated to generate a combined rental income of £1,200 per month.
Situated in the Forest of Dean, Canberra House on New Road in Coalway is within close proximity local amenities. Coalway and nearby Coleford offer a range of shops, cafes, schools, and essential services.
There are convenient road connections to Gloucester, Monmouth, and Chepstow, the property is well positioned for commuting. Additionally, nearby attractions include Puzzlewood, Clearwell Caves, and the historic Tintern Abbey.
FLAT 1
A ground floor, two bedroom flat, accessed to the rear of the property. The property is comprises of a kitchen, living room, bathroom, two bedrooms. It is anticipated that this property will achieve a monthly rental of £600 per a month when tenanted
FLAT 2
A first floor flat accessed via the front of the property. There is a storage cupboard to the ground floor, and two bedrooms, a bathroom, kitchen and living room to the first floor. The property is comprises of a kitchen, living room, bathroom, two bedrooms. It is anticipated that this property will achieve a monthly rental of £600 per a month when tenanted
SERVICES
The property benefits from gas, water and electric (not tested).
VAT
We have been advised that there is no VAT due on the sale of this property.
TENANCIES
To be sold with vacant possession.
TENURE
Advised Freehold - to be verified by solicitor.
AUCTION FEES & ADDITIONAL COSTS
Auction fees: The sale of each lot is subject to a buyer’s premium of 1.5% of the purchase price (subject to a minimum of £1,500) including VAT unless otherwise stated. Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
Bidding Opens On 4th Feb 2025 12:00
VIEWING
Wed 22 Jan 10:40 - 10:55 Tue 28 Jan 10:40 - 10:55 Booking is required - Paul Fosh Auctions - 01633 254044
LEGAL DOCUMENTS
Log in to view legal documents - https://paulfosh.eigonlineauctions.com/lot/details/139245
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- Two Flats for Occupation/Investment
- ONLINE AUCTION from 4th FEBRUARY-6th FEBRUARY - https://paulfosh.eigonlineauctions.com/lot/details/139245
- Flat 1 is anticipated to achieve a monthly rental of £600 per month when tenanted.
- Flat 2 is anticipated to achieve a monthly rental of £600 per a month when tenanted.
- To be sold with vacant possession
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Coleford GL16 7JA
Toombs & Toombs Property Consultants