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Melbourne Street East 5 bed block of apartments for sale
Melbourne Street East
£425,000
Melbourne Street East
£425,000
Our Summary
- * Tenanted Investment Opportunity at Melbourne Street East, Gloucester *
- CGT has an excellent investment opportunity
- Situated in a convenient area with easy access to local amenities, transport links, and Gloucester city centre, this property offers strong rental potential and long-term value
Description
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Here is a summary of the property description in a single paragraph:
The CGT Investors' Club presents a tenanted investment opportunity on Melbourne Street East, Gloucester, comprising a well-maintained, red-brick, two-storey building with five self-contained, one-bedroom apartments. Each apartment features a spacious bedroom, private bathroom, and comfortable living space, with double glazing throughout for energy efficiency. Located in a popular area with easy access to local amenities, transport links, and Gloucester city centre, the property offers strong rental potential and long-term value. The vendor receives an annual gross income of circa £30,000, with potential for rental increases to reach £39,000 and a yield of 9%. The property is a freehold with an EPC rating of E and D, and current rental value is circa £2,500 per month.