Providing three self contained apartment units to include two, two double bedroom apartments alongside a further studio apartment, each in good condition throughout and holding tenants in situ. Furthermore, the site offers a commercial shop unit with a single off road parking space that also holds a tenant in situ. The combined income for the site totals £1700 per calendar month creating a 8.16% yield.
In addition to the advertised site, an additional garage unit which is located to the rear of the site and accessed off Hanman Road with development potential, subject to relevant planning permissions is offered to the market through further negotiation, please contact the office on 01452 398010 to discuss further.
A popular suburb within the heart of the Gloucester, the locality appeals to a wide range of tenants having a range of various amenities, good bus links to both the centre and hospital alongside being a short distance from the newly developed Gloucester Quays providing various restaurants, bars and twelve screen cinema allowing it to be a strong area of investment offering a positive yield.
Gloucester City Council - Apartments 1, 2 & 3 in addition to the shop are Tax Band A.
Mains water, drainage, electric and gas.