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Melbourne Street East 5 bed block of apartments for sale
Melbourne Street East
£385,000
Melbourne Street East
£385,000
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
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Here is a summary of the property description in a single paragraph:
This investment opportunity presents a freehold plot housing five self-contained one-bedroom apartments in a sought-after area of Gloucester. The property offers a gross rental income of approximately £30,000 per annum, with potential for rental uplift through modest refurbishment, potentially delivering a gross rental yield of 10%. The apartments are modern and well-maintained, with double glazing throughout, and are located close to local amenities, public transport links, and commuter routes. The property is an excellent find for investors seeking strong rental returns and long-term growth potential, and CGT Investors' Club is offering a streamlined transaction process that minimizes disruptions for both landlords and tenants.