5 Bedroom Block of Flats For Sale

Property Features

FOUR LARGE SELF CONTAINED APARTMENTS

CURRENT MONTHLY RENT £4,045

ANNUAL RENTAL £48,540 YIELD OF 6%

PARKING FOR 3/4 CARS

EXCELLENT LOCATION

FOUR LARGE SELF CONTAINED APARTMENTS

Property Description

** INVESTMENT OPPORTUNITY – FREEHOLD SALE – FOUR APARTMENTS**

A Grade II listed property conveniently situated on the London Road just a short distance from Cheltenham Town Centre, Cheltenham General Hospital, local parks, amenities and transport networks.

The property briefly provides:

Communal Access from front and rear to hallway and stair well,

Lower Ground Floor (Flat 1) – Superbly presented large split level TWO BEDROOM and TWO BATHROOM apartment with large open plan kitchen (with island), generous living room and two double bedrooms with the second being on ground floor level. Access to small courtyard area Tenanted – current rent £1350 pcm

Ground Floor (Flat 2) – Generous Studio apartment with separate kitchen and shower room having with period features, gas central heating, and sash windows. New Tenancy Starting – Rent £750
First Floor (Flat 3) – Spacious with many period features offering entrance hall, generous living room with ornate flower balconies, separate kitchen with dining area, bathroom with shower cubicle, good size double bedroom, gas central heating, period features including fireplace and sash windows. Tenanted – current rent £995 pcm

Second Floor (Flat 4) – Large split level one bedroom apartment with a very generous living room, large kitchen/dining room, separate bathroom with shower over bath, good size double bedroom, gas central heating, period features including fireplace and sash windows. Tenanted – current rent £950 pcm (could be £1,000)

Rear parking area for 3-4 cars accessed from Avenall’s Parade.

Current monthly rent £4,045/annual rental £48,540 yield of 6%

Current likely individual flat values

Flat 1 – £275,000, Flat 2 – £150,000, Flat 3 – £195,000, Flat 4 – £185,000