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Melbourne Street East 5 bed block of apartments for sale
Melbourne Street East
£350,000
Melbourne Street East
£350,000
Our Summary
- * Investment Opportunity at Melbourne Street East, Gloucester *
- Modernisation of the block will add value to the investment and a rental increase will uplift the yield substantially
- CGT is delighted to present this excellent investment opportunity; a red-brick, two-storey building, located prominently on a corner plot of Melbourne Street East
- The property currently generates a gross rental income of approximately £30,000 per annum, with significant scope for rental uplift
- With modest rent reviews refurbishment, the annual gross income could rise to around £39,000, potentially delivering a gross rental yield of 10%
- Five flat investment opportunity
Description
This is an investment opportunity to purchase the freehold of a plot housing five fully self-contained one-bedroom apartments in a popular area of Gloucester. The property is modern and well-maintained, with a current gross rental income of approximately £30,000 per annum. With modest refurbishment, the annual gross income could rise to around £39,000, potentially delivering a gross rental yield of 10%. The property is an excellent find for investors seeking strong rental returns and long-term growth potential, with the added benefit of a streamlined transaction process through the CGT Investors' Club.