10 bed detached house for sale

The Railway Tavern, Station Street, Clinderford GL14

Description

Exceptional Freehold Block of 12 Income-Producing Apartments
An outstanding opportunity to acquire a fully let residential investment comprising 12 self-contained flats in the heart of Cinderford, Gloucestershire. Converted from the former Railway Tavern, this substantial freehold development offers investors an established rental income with excellent long-term capital growth potential.
Investment Summary
* Property: Freehold block of 12 apartments
* Freehold investment
* Current Annual Rental Income: £111,600
* Estimated Individual Flat Value: Approximately £170,000 each
* Indicative Aggregate Individual Sales Value: Approximately £2.04 million (subject to market conditions)
* Potential to build other 2 apartments (need planning permission)
* Strong demand for rental accommodation in the local area
Building- the former Railway Hotel after renovation, with the stone façade restored, new windows, landscaped parking area, and a smart residential appearance.
The apartments were finished to a high specification, featuring:
* Open-plan living/kitchen - modern fitted kitchens with integrated appliances, oak flooring, and bright living spaces.
* Bedrooms - contemporary décor with neutral finishes and large windows.
* Bathrooms - newly fitted modern bathrooms with quality fixtures.
* New electrical and plumbing systems
* Off-road parking
* Bicycle storage
* Bin storage

Excellent Location
Situated on Station Street, Cinderford, the property occupies a convenient town-centre position within the Forest of Dean.
The location benefits from:
Within a short walk:
* Cinderford Town Centre - supermarkets, independent shops, cafés, banks and pharmacies.
* Forest of Dean District Council Offices - a major local employer.
* Cinderford Bus Station - regular bus services to Gloucester, Coleford, Ross-on-Wye and surrounding towns.
* Several pubs, restaurants and convenience stores.
Nearby Amenities
* Forest of Dean Community Hospital - approximately 0.5 miles.
* Forest High School - approximately 0.6 miles.
* Linear Park - popular walking and cycling routes.
* Forest of Dean - one of England's best-known woodland destinations, attracting visitors year-round.
Road Connections
The property benefits from good transport links:
* Gloucester - approximately 15 miles (around 30 minutes)
* Cheltenham - approximately 22 miles
* Monmouth - approximately 12 miles
* M5 Motorway - approximately 16 miles
Why Investors Like This Location
* Established residential neighbourhood.
* Strong demand from local professionals, nhs staff, council employees and retirees.
* Excellent access to the wider Forest of Dean employment area.
* Nearby outdoor recreation enhances the appeal for long-term tenants.
* Good balance of affordable housing prices and consistent rental demand.
Areas:
* flat 1 -45.5m2
* flat 2 -43.9 m2
* flat 3 -45.5m2
* flat 4 -43.9m2
* flat 5 -66.4m2
* flat 6-39.1m2
* flat 7 -40.3m2
* flat 8 -39.1m2
* flat 9 -40.3m2
* flat 10 -62.0m2
* flat 11 -47.6m2
* flat 12 -47.6 m2

Tenure: Freehold