Email Bid Prior to Auction

Property Address

Caragh House, Newland Street, Coleford, Gloucestershire

Property Description

This is a substantial and imposing Grade II Listed town house arranged as 8 self-contained 1 bedroom flats. The original building is believed to date from the late 18th century with a later 2 storey rear extension making it roughly T shaped. The flats are all approached from the rear with external staircases providing access to the upper floors. With all flats currently let this is a well established high income producing investment with the current rent at circa £40,000 per annum. Most of the tenants have been in in occupation for several years although the flats are now at a point where they would benefit from modernisation and improvement. With potential to increase rents once modernised or to break up an sell as well as further development possibilities the property is sure to be of interest to investors and developers.

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Other Information, Comments and Conditions

This screen enables you to submit your Best Price Offer for this property. We will acknowledge receipt of your offer by calling you on the telephone number provided – if you don’t hear from us by the end of the next working day please call our office to discuss next steps. After we have spoken with you we will submit your offer to the Vendor and respond to you again thereafter. Unless we indicate to the contrary, all offers for Auction Lots should be made under Auction Rules, please refer to the Auction Information located near the front of our Auction Catalogue. Buying under Auction Rules is a contractual commitment; before making an offer prior to auction or bidding at the auction it is advisable to consult a Solicitor regarding the General and Special Conditions of Sale the local authority search and other legal documents. Auction House reserves the right not to submit an offer on behalf of internet bidders, in the event of any error, doubt, omission, uncertainty as to the bid, or for any reason whatsoever and give no warranty, or guarantee, that a bid would be made on behalf of the bidder and accept no liability.