Church Street, Tewkesbury, Gloucestershire
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- 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.
Freehold
Key features
- No Onward Chain
- Sold with tenants in situ
- Six one bedroom apartments
- Ground floor commerical unit
- Current income: £64,500 pa (8.32% yield at asking price)
- Potential income: £71,400 pa (9.21% yield at £850 pcm)
Description
The building currently generates an annual rental income of £64,500, producing a yield of 8.32% at the asking price. Several apartments are presently let below market value, with recent new tenancies achieving £850 pcm. At this level, the projected annual income increases to £71,400, delivering a potential yield of 9.21%, reinforcing the strength of the investment.
Arranged two per floor, the apartments are accessed via a communal entrance, while the ground-floor commercial unit benefits from its own separate street access. Each apartment offers an open-plan kitchen, living and dining area with a fitted kitchen and breakfast bar, a double bedroom, and a bathroom with bath, shower over, WC and basin. The front-facing apartments enjoy stunning views across to Tewkesbury Abbey, adding to their desirability.
The commercial unit sits to the front of the building and includes a rear storeroom, two utility rooms and a cloakroom.
Please note: there is no on-site parking, but permit parking is available nearby, ensuring convenient options for residents.
The entire building is held under a single freehold title, with no separate leases for the apartments or commercial unit. Each apartment falls within Council Tax Band A.
A superb investment opportunity in a highly sought-after central location.
Brochures
Particulars- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street,Permit
- 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.
- Ask agent
Church Street, Tewkesbury, Gloucestershire
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Visit our security centre to find out moreDisclaimer - Property reference TEW250457. 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 Peter Ball & Co, Tewkesbury. 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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