Westgate Street, Gloucester, Gloucestershire, GL1
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
16
- 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
- Pair of Adjoining Shop with residential upper parts offering immediate income (£139k pa), reflecting a 10% yield and tangible scope to increase value through asset management
- 29 & 29a (recent development, completed 3-4 years ago): Ground floor shop let to Crystals UK Ltd on a 6-year lease from Sept 2022 at £12,000 pa (tenant break passed)
- 29 & 29a The residential comprises a 10-bed (7 bath) HMO with roof terrace and patio, fully let to students from Sept 202 £75,000 pa (single lease) with parental guarantors. Landlord pays utilities
- 29 & 29a Combined income is £87,000 PA
- 31 & 31a (Grade II listed): Ground floor shop let to a barbers from Sept 2023 at £12,000 pa, expected to rise to £15,000 p.a on renewal, with a 6-month rent deposit held
- 31 & 31a The residential comprises a 6-bed (2-bath) HMO producing £40,000 pa, with landlord paying utilities.
- 31 & 31a Combined income is £52,000 PA rising to c. £55,000 PA
Description
reflecting a 10% yield and tangible scope to increase value through asset management
- 29 & 29a (recent development, completed 3-4 years ago): Ground floor shop let to Crystals UK Ltd on a 6-year lease from Sept 2022 at £12,000 pa (tenant break passed)
- The residential comprises a 10-bed (7 bath) HMO with roof terrace and patio, fully let to
students from Sept 202 £75,000 pa (single lease) with parental guarantors. Landlord pays
utilities (capped £1k pcm, est. c. £6k pa)
- 29 combined income is £87,000 PA
- 31 & 31a (Grade II listed): Ground floor shop let to a barbers from Sept 2023 at £12,000 pa,
expected to rise to £15,000 p.a on renewal, with a 6-month rent deposit held
- The residential comprises a 6-bed (2-bath) HMO producing £40,000 pa, with landlord paying utilities.
- 31 combined income is £52,000 PA rising to c. £55,000 PA
- Consents in place at 31a to add two additional shower rooms with WCs without reducing bedroom numbers; lounge upgraded with bi-fold doors.
- Total Combined income for both buildings is £139,000 per annum
- Freehold
Brochures
Brochure- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Energy performance certificate - ask agent
Westgate Street, Gloucester, Gloucestershire, GL1
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Visit our security centre to find out moreDisclaimer - Property reference APIGL21. 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 Allied Property Investments, London. 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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