Block of flats for sale in Melbourne Street East, Gloucester GL1

Outstanding Investment Opportunity – Five Self-Contained Flats in Prime Gloucester Location

National Residential are thrilled to present this exceptional investment opportunity: A freehold property comprising five self-contained, one-bedroom flats. Situated in an end-of-terrace building on the outskirts of Gloucester city centre, this property is perfectly positioned within walking distance of local amenities, excellent transport links, and the highly regarded Gloucester Royal Hospital.

Property Overview:
This fully tenanted building generates an impressive gross yearly rental income of £29,208, equating to a gross monthly rent of £2,434. With minimal operating expenses of just £159.16 per month, covering communal utilities, insurance, and general maintenance, the net monthly income stands at a robust £2,275.

Financial Highlights:
• Purchase Price: £390,000
• Gross Rental Yield: 7.49%
• Net Yield: 7.00%

This investment offers a solid and reliable income stream with excellent potential for future growth.

Location and Investment Potential:
Gloucester is a city rich in history, offering a blend of cultural heritage and modern amenities. Its strategic location provides excellent transport links, including easy access to the M5 motorway, making it a gateway to both the South West and the Midlands. The city is undergoing significant development, including the transformation of the old Debenhams building into a student accommodation hub, enhancing its appeal to investors. The nearby Gloucester Docks, a vibrant area filled with shops, restaurants, and leisure activities, further boosts the property’s desirability.

Proximity to Gloucester Royal Hospital and the city’s train station ensures a steady demand for rental properties, making this an unmissable opportunity for investors looking to secure a high-yield property in a thriving area.

Viewing Information:
For a closer look at this exceptional investment, please watch our online video tour. Viewings are highly recommended to fully appreciate the potential of this property.

For more details and to arrange a viewing, contact our dedicated specialist sales advisor. Don’t miss your chance to invest in one of Gloucester's most promising locations – schedule your viewing today!

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.