Melbourne Street East
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
5
- BATHROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Five flat investment opportunity
- Freehold
- Potential Yield: 10%
Description
** Investment Opportunity at Melbourne Street East, Gloucester **
A fantastic opportunity for an investor to purchase the freehold of this plot, housing a collection of five fully self-contained, one-bedroom apartments. Modernisation of the block will add value to the investment and a rental increase will uplift the yield substantially.
CGT Investors' Club: Property Sales for Landlords
The CGT Investors' Club offers a unique and innovative approach to property sales across Gloucestershire and The Cotswolds, catering specifically to landlords. Specialising in landlord-to-landlord sales with tenants in situ, the club provides a seamless solution for property owners looking to sell their residential properties while retaining tenancy agreements.
Key Benefits:
Streamlined Transactions: Selling a property with tenants already in place minimises disruptions for both landlords and tenants. It allows the buyer to inherit a property generating immediate rental income and minimising potential void periods.
Targeted Market: CGT matches properties directly with landlords, ensuring that it is marketed to the correct target audience. This focused approach ensures a quick and easy transaction.
Tenant Security: By maintaining existing tenancy agreements, CGT Investors' Club ensures stability for tenants, and removes the break in rental revenue.
Expertise in the Region: With extensive knowledge of the Gloucestershire and Cotswolds property markets, CGT understands the unique opportunities and attraction of these sought-after areas.
Why Choose CGT Investors' Club?
Tailored Service: Whether you're selling a single property or an entire portfolio, CGT provides personalised support to maximise income and minimise the time to completion.
Compliance Focus: CGT ensures all tenancies meet the latest legal and regulatory requirements, protecting everyone.
Time-Saving Solutions: Skip the hassle of tenant evictions or property preparation, simply sell as-is and enjoy a fast and reliable process.
CGT Investors' Club is the perfect partner for any landlord looking to buy or sell residential properties, with tenants in situ.
CGT is delighted to present this excellent investment opportunity; a red-brick, two-storey building, located prominently on a corner plot of Melbourne Street East. Situated in a highly sought-after area of Gloucester, this property is an exceptional find for investors seeking strong rental returns and long-term growth potential.
The building comprises five fully self-contained, one-bedroom apartments, each thoughtfully designed to offer comfortable and modern living. Each apartment features a generously sized double bedroom, a private bathroom, a functional kitchen, and a bright, airy living space. Double glazing is fitted throughout the property, enhancing energy efficiency and contributing to a quieter, more peaceful living environment for tenants.
The location is hot for investors, with excellent access to local amenities, public transport links, and commuter routes. The area remains consistently popular with professionals, couples, and single occupants, ensuring high occupancy rates and continued rental demand.
The property currently generates a gross rental income of approximately £30,000 per annum, with significant scope for rental uplift. With modest rent reviews refurbishment, the annual gross income could rise to around £39,000, potentially delivering a gross rental yield of 10%.
Whether you're an experienced investor looking to expand your portfolio, or someone seeking a high yield, low maintenance asset, in a thriving market, this property represents a rare and exciting opportunity.
CALL CGT SALES TODAY TO BOOK YOUR VIEWING
Tenure: Freehold
EPC: E and D
Current rental value: c£2,500 pcm
Current Yield: 7%
Potential Yield: 10%
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Melbourne Street East
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Visit our security centre to find out moreDisclaimer - Property reference 10613917. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by CGT Sales Ltd, Cheltenham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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