2 bedroom ground floor flat for saleSmythe House, Cirencester
Sold by Us £125,000
- NO CHAIN
- Refurbishment opportunity
- Two double bedrooms
- Central position
- Storage area
- Electric heating
INVESTOR ALERT - 6.6+% Gross Yield Built to a scale and standard that is no longer commercially viable, this large apartment is ideally positioned on the upper ground floor of a centrally positioned purpose-built block. Now in need of refurbishment, it offers a rare opportunity to discerning buyers and is ideal for those wanting to add value to their purchase. Available with vacant possession and 96 years remaining on the lease, if let at Â£750pcm this would equate to a gross yield of nearly 6.7%!!!!
Ground rent is just Â£10 p.a.(TBC) and maintenance charges are Â£57.54 pcm
SITUATION Settled since Roman times, Cirencester has become known as Capital of the Cotswolds reflecting the importance and wealth of the wool trade from medieval times that is evident in much of the town's impressive architecture. A twice weekly market is still held in the shadow of St. John the Baptist dating from 1115 and significantly remodelled in the 1500's. In addition to supermarkets including a large Waitrose, there is a host of interesting independent quality shops, cafes and bistros. The town has respected primary & secondary state schools and a sixth form college campus, and is home to The Royal Agricultural University.
The local leisure centre offers a gym, squash courts, sauna and steam room and an indoor pool. Set on the edge of Cirencester Park, the 28m open-air pool is filled with natural heated spring water and there are further sporting opportunities nearby at Cotswold Water Park with some 150 lakes and polo at the Bathurst Estate. Golf at both Bagendon and South Cerney. Road communication is virtually entirely by dual carriage way to M5 at Gloucester and M4 at Swindon whist nearby Kemble provides a mainline service to London Paddington (journey time c. 75 minutes) Further information is available at www.cirencester.co.uk
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