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6 bedroom terraced house for sale
Church Street, Tewkesbury, Gloucestershire
£775,000
Church Street, Tewkesbury, Gloucestershire
£775,000
Our Summary
- This attractive freehold investment opportunity on Church Street comprises six one-bedroom apartments and a ground floor commercial unit, all set in a prime town-centre location within easy reach of local amenities
- A superb investment opportunity in a highly sought-after central location
Description
This attractive freehold property on Church Street offers six one-bedroom apartments and a ground-floor commercial unit, all located in a prime town-centre spot. The property, converted in 2005, is being sold with tenants in situ and no onward chain, providing a straightforward buy-to-let purchase. The building currently generates an annual rental income of £64,500, producing a yield of 8.32%, and with some apartments let below market value, the projected annual income increases to £71,400, delivering a potential yield of 9.21%. The apartments, arranged two per floor, offer open-plan living areas, double bedrooms, and bathrooms, while the commercial unit has its own street access and includes storage and utility rooms. With no on-site parking but permit parking available nearby, this is a superb investment opportunity in a highly sought-after central location.