Property Details: - Type: Apartment - Bedrooms: 6 - Bathrooms: 3
Agent: Murdock & Wasley Estate Agents - Longlevens Phone: 01452 679747
Murdock & Wasley Estate Agents are delighted to offer this substantial freehold investment opportunity, comprising two well-proportioned three-bedroom split-level apartments situated in a central location within walking distance of the hospital, university and city centre.<br/><br/>The property is being sold with tenants in situ, providing an immediate and established rental income of approximately £25,200 per annum. Based on a purchase price of £350,000, this represents an attractive gross yield of approximately 7.2%, making this an excellent opportunity for both seasoned and first-time investors seeking a strong, income-generating asset.<br/><br/>Further enhancing its appeal, the property also offers clear potential for future uplift, with scope to review rental levels over time and explore alternative strategies, subject to the necessary permissions, including possible conversion to an HMO to maximise returns.<br/><br/>This is a rare opportunity to acquire a turnkey investment in a consistently high-demand rental location, combining strong current income with excellent long-term growth prospects. Early viewing is highly recommended.<br/><br/>Call To View:[use Contact Agent Button]<br/><br/><b>Local Authority</b> - Gloucester City Council<br/><br/>51 London Rd: Council Tax Band: A<br/>51a London Rd: Council Tax Band: A<br/><br/><b>Tenure</b> - Freehold<br/><br/>Both Apartments have leases dated from the 1st of May 2007 to and including the 31st of March 2104<br/><br/><b>Services</b> - Mains water, gas, electricity and drainage.<br/><br/><b>Awaiting Vendor Approval</b> - These details are yet to be approved by the vendor and may be subject to change. Please contact the office for more information.<br/><br/>
