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2 bedroom property for sale
Glenville Parade, Hucclecote GL3
£285,000
Glenville Parade, Hucclecote GL3
£285,000
Our Summary
- A Rarely available investment opportunity situated in popular Glenville Parade in Hucclecote
Description
This rare investment opportunity in Glenville Parade, Hucclecote, consists of a large frontage shop with store room, office, and cloakroom, as well as a two-bedroom maisonette with garage and parking. The shop is currently generating a rental income of £800 per month, but with modernization, it's estimated that the rental income could increase to £1,000 per month. The property has a total potential rental return of £1,800 per month, based on the asking price, which would yield a gross return of 7.5%. The maisonette is split over two floors and is ideal for a live-in business opportunity or an investment. The property benefits from a pedestrianized frontage, rear access, and a large free car park. The current lease for the shop expires in January 2025, and the tenure is freehold.