Terraced house for sale in Gloucester GL1, 8 Bedroom

Investment opportunity - open day 11am to 3pm on Friday 19.10.18 - Please call to book a time slot.

Eight leasehold flats for sale (six studio flats and two one bedroom flats) within a period red brick mid terrace property including use of a communal basement/cellar and communal garden.

All flats have electric heating, shower rooms and an open-plan living space giving a kitchen area together with space for living/dining/sleeping with the exception of Flats 7 and 8 as these have separate bedrooms. The garden and the basement/cellar areas are not included with the sale of these Leasehold flats as they are owned by the Freeholder and are therefore there for communal use by the residents of the flats.

Projected Rental Figures
Flat 1: (Ground Floor, Studio Flat - Front of Building): £450 pcm
Flat 2: (Ground Floor, Studio Flat - Rear of Building): £450 pcm
Flat 3: (Lower Ground Floor/Garden Level, Studio Flat - Rear of Building): £450 pcm
Flat 4: (Upper Ground Floor, Studio Flat - Rear of Building): £450 pcm
Flat 5: (First Floor, Studio Flat - Rear Building): £450 pcm
Flat 6: (First Floor, Studio Flat - Rear of Building): £450 pcm
Flat 7: (First Floor, One Bedroom Flat - Front of Building): £525 pcm
Flat 8: (Top Floor, One Bedroom Flat): £550 pcm

Total Monthly Projected Rental Income: £3,775
Total Yearly Projected Rental Income: £45,300
Purchase Price: £595,000
Total Rental Yield: 7.61% (based on the above)

* Energy Performance Certificates (EPC): Individual Energy Performance Certificates are available upon request.

* Ground Rent: This is payable at a current rate of £200 per flat per annum to the Freeholder.

* Leases: These were 125 years from 11.10.07