>
House for sale
Church Street, Tewkesbury GL20
£800,000
Church Street, Tewkesbury GL20
£800,000
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 opportunity on Church Street comprises six one-bedroom apartments and a ground floor commercial unit, all within easy reach of the town centre. The property was converted in 2005 and is being sold with tenants in situ and no onward chain, making it an attractive ready-made buy-to-let purchase. The block currently produces an annual rental income of £64,500, which equates to a return of 8.06% at the asking price. The apartments are arranged two per floor and feature open plan kitchens, living and dining spaces, double bedrooms, and bathrooms. The ground floor commercial unit has its own separate access and includes a storeroom, utility rooms, and a cloakroom. The property also has parking available for the apartments, adding further appeal for tenants. With mains gas, electric, and water connected, and fibre broadband available in the area, this investment opportunity offers a strong potential return of 8.62% if all apartments were let at the maximum potential rent.