8 bedroom mixed use for sale

Eastgate Street, Gloucester, Gloucestershire, GL1

Offers Over £600,000
1,300 sq. ft.

Property Description

Commercial information

  • 1,300 sq ft (120 sq m)

Key features

  • Central location close to shops and amenities and walking distance to the bus and train stations
  • Development potential and chance to significantly increase income
  • Planning permission granted for additional one-bed flat
  • Large office space and basement areas with further scope to add value

Full description

Tenure: Freehold

Grade II listed building in central location. Recently renovated and currently on the market for let. Walking distance to the town centre and Shopping/restaurants at the Quays plus to the bus and train stations and Gloucester Royal Hospital.

Ground Floor and Basement - commercial. Currently let at £9,000, but capable of achieving £15,000 (Lease currently expires Feb 2019). Includes 2 x Ground Floor offices (approx. 540 SqFt), 2 x Basement offices (approx. 800 SqFt) plus kitchen and toilet

On the Clarence Street entrance is the residential section of the building, arranged over three floors:
Flat 1 (1st floor) - 2 bed, currently tenanted £550 pcm
Flat 2 (1st Floor) - 1 bed, currently tenanted £475 pcm
Flat 3 (2nd Floor) - 2 bed, currently tenanted £550 pcm
Flat 4 (2nd Floor) - 1 bed, tenants due in soon £475 pcm
Flat 5 (3rd Floor) - 1 bed, £475 pcm
Flat 6 (3rd Floor) - 1 bed, £475 pcm
Planning permission granted for a further 1-bed ground floor flat
Basement area


The commercial unit is currently only partially being used and fully let would generate an income of around £15,000 per annum

Total current gross income = £45,000 pa

Potential income with 7th flat and commercial unit fully let = £56,000 pa


More information from this agent

Nearest station

  • Gloucester (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

The Property Advantage, Shrewsbury

The Property Advantage, 2nd Floor Office, Wightman Chambers, 14 The Square, Shrewsbury, SY1 4HA

01743 626016 Local call rate

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Floorplans

View in fullscreen

Floorplan 1

Commercial

Floorplan 2

Flats 5 & 6

Floorplan 3

Flats 1-4

To view this property or request more details, contact:

The Property Advantage, Shrewsbury

The Property Advantage, 2nd Floor Office, Wightman Chambers, 14 The Square, Shrewsbury, SY1 4HA

01743 626016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Gloucester (0.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

The Property Advantage, Shrewsbury

The Property Advantage, 2nd Floor Office, Wightman Chambers, 14 The Square, Shrewsbury, SY1 4HA

01743 626016 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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