Guide price
£150,000
Office for saleHill Street, Lydney GL15
About this property
Detached commercial property
Developement potential with the correct planning permission
Two parking spaces
Ready to vew now
Prime location
Auction property
Summary
For sale via auction - fees, terms and conditions apply.
A Rare Detached Commercial Property with Exceptional Development Potential
Situated in the very heart of Lydney Town Centre, this detached commercial property presents an exciting opportunity for investors, developers and business owners alike. Having operated as a successful beauty and nail salon for over 20 years, the property has an established commercial history and occupies a highly visible and convenient town centre location.
The current owners purchased the property with the intention of creating a mixed-use development, incorporating commercial premises alongside residential apartments (subject to obtaining the necessary planning permissions). Whilst circumstances have unfortunately changed, the opportunity remains for a new owner to realise the property's full potential.
Although the building now requires a comprehensive programme of renovation throughout, it benefits from a brand-new replacement roof, providing an excellent starting point for refurbishment or redevelopment.
Offering flexible accommodation over two floors, generous internal space and two allocated parking spaces, this detached building could be transformed into a variety of commercial or residential uses (subject to planning), making it an exciting investment with the potential to generate a significant future income.
Occupying a prominent position in the centre of Lydney, the property enjoys easy access to the town's wide range of amenities, including supermarkets, independent retailers, cafs, restaurants, banks and healthcare services. Lydney is a thriving market town on the edge of the Forest of Dean, attracting both residents and visitors throughout the year.
The town benefits from excellent transport links, including a mainline railway station with direct services to Gloucester, Cheltenham, Cardiff and beyond, together with convenient road connections to the A48, M48 and M4, making it well placed for commuting and business.
With increasing demand for both residential accommodation and commercial premises within the town, this property represents an exciting opportunity to restore and redevelop a substantial detached building in one of the Forest of Dean's most sought-after locations.
Please note we have not inspected this property.
Location
Occupying a prominent position in the centre of Lydney, the property enjoys easy access to the town's wide range of amenities, including supermarkets, independent retailers, cafs, restaurants, banks and healthcare services. Lydney is a thriving market town on the edge of the Forest of Dean, attracting both residents and visitors throughout the year.
The town benefits from excellent transport links, including a mainline railway station with direct services to Gloucester, Cheltenham, Cardiff and beyond, together with convenient road connections to the A48, M48 and M4, making it well placed for commuting and business.
With increasing demand for both residential accommodation and commercial premises within the town, this property represents an exciting opportunity to restore and redevelop a substantial detached building in one of the Forest of Dean's most sought-after locations.
Accommodation
Ground Floor Accommodation
Reception / Salon Area One 2.73m x 3.52m
Reception / Salon Area Two 2.68m x 3.54m
Reception / Salon Area Three 2.51m x 3.51m
Kitchen / Staff Room 2.36m x 3.51m
Dining / Staff Room / Open Workspace - 5.96m x 3.46m
Two Separate WC Facilities
Entrance Hall & Staircase
First Floor Accommodation
Room One 3.36m x 3.39m
Room Two 3.35m x 3.40m
Room Three 2.44m x 3.82m
Room Four 2.51m x 3.80m
Room Five 2.54m x 3.41m
Room Six 2.46m x 3.38m
Room Seven 1.90m x 3.38m
Landing & Storage Area
The current floor plan reflects the previous salon layout. Prospective purchasers may wish to reconfigure the accommodation to suit their own requirements, subject to any necessary consents.
Tenure
Freehold, title number GR181391.
EPC
Rating C, full report available on request.
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
For sale via auction - fees, terms and conditions apply.
A Rare Detached Commercial Property with Exceptional Development Potential
Situated in the very heart of Lydney Town Centre, this detached commercial property presents an exciting opportunity for investors, developers and business owners alike. Having operated as a successful beauty and nail salon for over 20 years, the property has an established commercial history and occupies a highly visible and convenient town centre location.
The current owners purchased the property with the intention of creating a mixed-use development, incorporating commercial premises alongside residential apartments (subject to obtaining the necessary planning permissions). Whilst circumstances have unfortunately changed, the opportunity remains for a new owner to realise the property's full potential.
Although the building now requires a comprehensive programme of renovation throughout, it benefits from a brand-new replacement roof, providing an excellent starting point for refurbishment or redevelopment.
Offering flexible accommodation over two floors, generous internal space and two allocated parking spaces, this detached building could be transformed into a variety of commercial or residential uses (subject to planning), making it an exciting investment with the potential to generate a significant future income.
Occupying a prominent position in the centre of Lydney, the property enjoys easy access to the town's wide range of amenities, including supermarkets, independent retailers, cafs, restaurants, banks and healthcare services. Lydney is a thriving market town on the edge of the Forest of Dean, attracting both residents and visitors throughout the year.
The town benefits from excellent transport links, including a mainline railway station with direct services to Gloucester, Cheltenham, Cardiff and beyond, together with convenient road connections to the A48, M48 and M4, making it well placed for commuting and business.
With increasing demand for both residential accommodation and commercial premises within the town, this property represents an exciting opportunity to restore and redevelop a substantial detached building in one of the Forest of Dean's most sought-after locations.
Please note we have not inspected this property.
Location
Occupying a prominent position in the centre of Lydney, the property enjoys easy access to the town's wide range of amenities, including supermarkets, independent retailers, cafs, restaurants, banks and healthcare services. Lydney is a thriving market town on the edge of the Forest of Dean, attracting both residents and visitors throughout the year.
The town benefits from excellent transport links, including a mainline railway station with direct services to Gloucester, Cheltenham, Cardiff and beyond, together with convenient road connections to the A48, M48 and M4, making it well placed for commuting and business.
With increasing demand for both residential accommodation and commercial premises within the town, this property represents an exciting opportunity to restore and redevelop a substantial detached building in one of the Forest of Dean's most sought-after locations.
Accommodation
Ground Floor Accommodation
Reception / Salon Area One 2.73m x 3.52m
Reception / Salon Area Two 2.68m x 3.54m
Reception / Salon Area Three 2.51m x 3.51m
Kitchen / Staff Room 2.36m x 3.51m
Dining / Staff Room / Open Workspace - 5.96m x 3.46m
Two Separate WC Facilities
Entrance Hall & Staircase
First Floor Accommodation
Room One 3.36m x 3.39m
Room Two 3.35m x 3.40m
Room Three 2.44m x 3.82m
Room Four 2.51m x 3.80m
Room Five 2.54m x 3.41m
Room Six 2.46m x 3.38m
Room Seven 1.90m x 3.38m
Landing & Storage Area
The current floor plan reflects the previous salon layout. Prospective purchasers may wish to reconfigure the accommodation to suit their own requirements, subject to any necessary consents.
Tenure
Freehold, title number GR181391.
EPC
Rating C, full report available on request.
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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