Westgate Street, Gloucester, GL1 2PG
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
4
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Prime city centre
- Versatile property layout
- Commercial plus residential
- Generating rental income
- Excellent location access
- Strong investment return
Description
Westgate Street is a versatile three-storey terraced building comprising a commercial unit on the ground floor and three separate one-bedroom apartments on the upper floors. The ground floor offers high-quality office accommodation, extended to the rear, while the upper floors, accessible separately from Westgate Street, present an excellent opportunity for residential use.
Situated at the lower end of Westgate Street, this property boasts a prime location within Gloucester City Centre. It is conveniently positioned near the pedestrianised retail zone, home to prominent retailers such as McDonald's, William Hill, O2, and Moss Bros. The property offers advantageous access to motorway networks via Junctions 11A and 12 of the M5, and is approximately 9 miles west of Cheltenham and 35 miles north of Bristol.
Accommodation Details
Ground Floor (Commercial): 699 sq ft (64.91 sq m)
First Floor (Residential): 1,086 sq ft (100.89 sq m)
Second Floor (Residential): 528 sq ft (49.07 sq m)
Total Area: 2,313 sq ft (214.87 sq m)
Current Rental Income
Apartment One: £850 pcm
Apartment Two: £800 pcm
Apartment Three: £1,000 pcm
The apartments generate a combined annual income of £31,800, with a potential additional income of £12,000 per annum from the office/shop space, thus offering a potential total annual income of £43,800. This represents over a 10% return on investment based on the guide price.
Terms and Price
The freehold property is offered for sale with a guide price of £425,000 exclusive.
Services - All main services are connected to the premises. Prospective occupiers should verify the condition and operation of these services independently.
This property offers a unique investment opportunity with the potential for both commercial and residential income in a thriving city centre location.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- 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
Westgate Street, Gloucester, GL1 2PG
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Visit our security centre to find out moreDisclaimer - Property reference S1322872. 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 Elliot Oliver Sales, 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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