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Property
Church Street, Tewkesbury GL20
£775,000
Church Street, Tewkesbury GL20
£775,000
Our Summary
- This freehold investment opportunity on Church Street comprises six one-bedroom apartments together with a ground floor commercial unit, all within easy reach of the town centre
Description
This freehold investment property on Church Street comprises six one-bedroom apartments and a ground floor commercial unit, located near the town centre. The property was converted in 2005 and is currently producing an annual rental income of £64,500, with a potential return of 8.62% if all apartments were let at the maximum rent of £850 per month. The apartments are arranged two per floor and feature open plan living areas, double bedrooms, and bathrooms, while the commercial unit has separate access and includes storage and utility rooms. The property is held on a single freehold title, with mains services connected and fibre broadband available in the area. With tenants in situ and no onward chain, this is an attractive ready-made buy-to-let purchase for investors.