Goodwood Close, Chester, Cheshire, CH1

Descripton

We are delighted to offer this exclusive 14 unit freehold apartment block for sale in a sought after location in Goodwood Close, Chester. This is a rare and exceptional investment opportunity to acquire a fully let, purpose built residential block that delivers immediate income and significant long term potential. The development comprises 12 apartments within the main block and 2 additional self contained apartments each with its own private front door, one on the ground floor and one on the first floor. Goodwood Close is well maintained throughout, the property offers a true turnkey investment in one of Chester’s most desirable rental areas. Currently generating a gross annual rental yield of 7%. Importantly, existing rents are below market value, presenting clear scope for annual uplifts, in line with current tenant demand and comparable local rents. To the rear is a private, unallocated car park, which also includes an additional area that may offer development (truncated)

Accomodation

Main Block – 12 Apartments (1-12) A mix of 1 and 2 bedroom self contained units, arranged across three floors. All flats have private entrances via shared communal areas and are laid out for optimal rental efficiency. The 2 Separate Units Ground & First Floor. Flat 2 (Ground Floor) Self-contained 2 bedroom flat with its own private front door. Flat 4 (First Floor) – Self-contained 2 bedroom flat, also with a private entrance. Both benefit from increased privacy and appeal to long term renters and professional tenants.

Income & Potential

The current gross rental income stands at £124,260 per annum, producing a 7% gross yield. However, the existing rents are below market rate, providing a clear opportunity for incremental increases over time, based on current demand and rental comparables in the area. This block has strong occupancy levels, reflective of its desirable location and layout. With stable rental income, modern build quality, and potential for development, this asset represents an excellent long term investment. All units are let on ASTs. Tenancy schedules and breakdowns available upon request.

Outside

To the rear of the property is a private car park with unallocated spaces, currently used informally by tenants. An additional section of land adjacent to the car park may offer future development potential (subject to planning). No applications have been submitted, but the layout and zoning of the site makes this a promising prospect.

Summary

This is an fantastic opportunity to acquire a well performing, fully let residential block in one of Chester’s strongest letting locations. Its combination of scale, location, rental upside, and development potential makes Goodwood Close a compelling proposition for private investors, family offices, or portfolio landlords. Viewings by appointment only. For tenancy breakdowns, comparables, Please get in touch.

Notice

Notice . These particulars do not constitute an offer or contract or part thereof. 2. All descriptions, photographs and plans are for guidance only and should not be relied upon as statements or representations of fact. All measurements are approximate and not necessarily to scale. Any prospective purchaser must satisfy themselves of the correctness of the information within the particulars by inspection or otherwise. 3. Jordan & Halstead does not have any authority to give any representations or warranties whatsoever in relation to this property (including but not limited to planning/building regulations), nor can it enter into any contract on behalf of the Vendor. 4. Jordan & Halstead does not accept responsibility for any expenses incurred by prospective purchasers in inspecting properties which have been sold, let or withdrawn. 5. If there is anything of particular importance to you, please contact Jordan & Halstead and they will try to have the information checked for you.