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CheltenhamBlock Of Flats

Cheltenham, GL51 8NJ

Price: £1,250,000

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An excellent opportunity to purchase a whole building containing 9 flats, currently let out and yielding an annual return of £62,700 gross.
There are 4 first floor flats and 5 ground floor flats, 4 of which have external courtyards, all are finished to a high standard throughout. Recent rent review resulting in income from 1/1/19 of £63,960 and the whole building is being sold with 100% occupation and as a going concern.
The property is situated a short walk from the mainline railway station, local amenities and is a short distance from Cheltenham town centre, easily accessible to all major road routes and the M5 motorway.
Parking is on road with permits available from the council.
Total gross internal area is 497.1 square meters (5,351FT)
Full rent roll available on request.
PLEASE CONTACT AGENT FOR FULL DETAILS.

Flat 1

First floor flat containing kitchen (2.28M x 3.58M), living room (2.7M x 5.5M), bedroom (4.48M x 2.26M) and bathroom ( 1.24M x 2.82M). Current rent is £535PCM from 1/1/18 reviewed.

Flat 2

First floor flat containing kitchen (3.05M x 1.61M), living room (3.74M x 3.71M), bedroom 1 (3.70m x 2M), bedroom 2 (2.74M x 2.86M) and bathroom (2.7m x 1.51M). Current rent is £550PCM with a potential market rent of £650PCM.

Flat 3

First floor flat containing kitchen (2.48M x 1.90M), living room (2.72m x 3.60M), bedroom 1 (1.90M x 3.7M), bedroom 2 (3.6M x 2.52M) and bathroom (2.7m x 1.51m). Current rent is £575PCM with a potential market rent of £675PCM,

Flat 4

First floor flat containing kitchen (1.84M x 2.84M), living room (3.98M x 2.86M), bedroom 1 (3.08M x 3.55M), bedroom 2 (3.56M x 3.80M) and bathroom (2.27m x 1.89M). Current rent is £640PCM with a potential market rent of £700PCM.

Flat 5

Ground floor flat containing kitchen/living room (2.93m x 8.02m), bedroom (5.17M x 2.24M), bathroom (1.35M x 2.48M). Current rent is £550PCM from 1/1/19 reviewed.

Flat 6

Ground floor flat containing kitchen/living room (2.65M x 7.14M), bathroom (1.94M x 2.27M), bedroom (5.58M x 2.80M). Current rent is £575PCM from 1/1/19 reviewed.

Flat 7

Ground floor flat containing kitchen/living room (4.23M x 7.61M), bedroom (3.18M x 2.86M), bathroom (1.24M x 2.29M). Current rent is £575PCM with a potential market rent of £650PCM.

Flat 8

Ground floor flat containing kitchen/living room (2.82M x 6.96M), bedroom 1 (2.12M x 3.18M), bedroom 2 (4.11M x 2.44M) and bathroom (1.21m x 2.17M). Current rent is 630PCM with a potential market rent of £700PCM.

Flat 9

Ground floor flat containing kitchen/living room (7.27M x 2.62M), bedroom 1 (1.89M x 4.07M), bedroom 2 (2.36M x 5.11M) and bathroom (1.26M x 2.22M). Current rent if £650PCM with a potential market rent of £700PCM.

Please contact HMT Sales and Lettings on 01242 521322 for further details.

HMT has not tested any apparatus, equipment, fittings, or services and so cannot verify they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm's employment has the authority to make or give any representation or warranty in respect of the property.

Information

Features

  • Freehold investment
  • Investment opportunity
  • 9 Flats
  • Finished to high standard
  • Flats sold as going concern
  • Total gross internal area 497.1 Sq Meters

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