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1 bed flat
Mersey Road, Cheltenham GL52
£250,000
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Our Summary
- A rare dual-income investment opportunity — two apartments sold as a single package, generating a combined rental income of £1,524 per month and delivering a gross yield of approximately 7
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Description
The property is a package deal for two apartments on the first floor, with no apartments above. The property consists of a one-bedroom apartment and a separate studio, each with a private shower room. The one-bedroom apartment has an open-plan living space and a double bedroom, while the studio is self-contained.
The ground rent is £50 per annum for both properties combined, and the maintenance charge is £300 per annum. The lease has 983 years remaining, and the tenure is leasehold.