Terraced house for sale in Westgate Street, Gloucester GL1

*investment opportunity*

Offered to the market with no onward chain is this unique investment opportunity in the centre of Gloucester. The whole building with the freehold is for sale which comprises of two apartments, with private rear garden to the ground floor apartment, and a commercial unit to the front. The property commands a potential rental income of approximately £1,600 per month equating to approximately £19,000 per annum with a rental yield of 6.9%.

Overview

Offered to the market with no onward chain is this unique investment opportunity in the centre of Gloucester. The whole building with the freehold is for sale which comprises of two apartments, with private rear garden to the ground floor apartment, and a commercial unit to the front. The property commands a potential rental income of approximately £1,600 per month equating to approximately £19,000 per annum with a rental yield of 6.9%.

Communal Entrance Hallway

Hallway provides access to apartment one, commercial unit, w.c and stairwell leading to the apartment two.

Commercial Unit / Storage Room

The area lends itself to be turned into a commercial premises if required with entrance from the communal hallway and window overlooking the front aspect.

Apartment One

The generous sized ground floor apartment offers spacious open plan living accommodation to the rear with access provided to an enclosed rear garden only accessed via the ground floor apartment. The apartment further benefits from a shower room and stairwell leading to the bedroom located above the living area.

Apartment Two

Positioned over the top two floors of the building, the apartment benefits from two bedrooms and shower on the first floor. Stairwell continues to the top floor where the kitchen is located overlooking the rear aspect and living room overlooking the front aspect providing views towards Gloucester Cathedral.

Location

Located in the heart of the historic Gloucester City Centre the property is within close proximity of many shops and eateries aswell as the popular Gloucester Docks which benefits from the designer outlet along with many more waterfront bars and restaurants. The train station and bus station is also within a short distance offering access to all the major cities including direct train links to London Paddington.

Material Information

Tenure: Freehold. Grade II listed to the front.
Local Authority and Rates: Gloucester City Council - Tax Band A (£1,425.38 per annum) for each apartment.
Electricity supply: Mains.
Water supply: Mains.
Sewerage: Mains.
Heating: Gas central heating.
Broadband speed: Basic 19 Mbps, Superfast 80 Mbps download speed.
Mobile phone coverage: EE, Three, O2, Vodafone.