75 High Street, Cinderford, Gloucestershire, GL14 2SU

ONLINE AUCTION from 28th JULY - 30th JULY An excellent investment opportunity comprising two detached properties, ideally suited to a landlord looking to expand their portfolio. The buildings are prominently situated in the centre of Cinderford, opposite Lidl. 75 High Street, Cinderford Comprising 5 one-bedroom flats, currently all vacant. The estimated rental income is £600 per flat per calendar month, giving a potential gross annual income of £36,000. 1 Mountjoys Lane, Cinderford Comprising 2 one-bedroom flats and 1 two-bedroom flat, all offered with vacant possession. The estimated rental income is £600 per calendar month for the one-bedroom flats and £800 per calendar month for the two-bedroom flat, providing a potential gross annual income of £24,000. Total Potential Income £60,000 per annum. Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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 accompanyin…

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