Mersey Road, Cheltenham, GL52

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Moveli - London Phone: 020 3544 5257

A rare dual-income investment opportunity — two apartments sold as a single package, generating a combined rental income of £1,524 per month and delivering a gross yield of approximately 7.3%.<br/><br/>Comprising a one bedroom apartment and a separate studio, both positioned on the first floor with no apartment above, this is an exceptionally low-maintenance investment with an outstanding tenancy history.<br/><br/>Both apartments are currently let to a company tenant on long-term contractual leases — the same occupier has been in situ since 2009, providing the kind of rental continuity that is increasingly rare in today's market. Each apartment generates £762 per month, with the combined annual rental income standing at £18,291.<br/><br/>The one bedroom apartment offers an open-plan living space, a well-proportioned double bedroom and a shower room. The studio provides a self-contained layout with its own private shower room. <br/><br/>Offered for sale with no onward chain, this package represents a straightforward acquisition for an investor seeking immediate, reliable income from day one — with no voids, no letting fees and no uncertainty.<br/><br/>Ground rent: £50 per annum (both properties combined)<br/>Maintenance charge: £300 per annum (both properties combined)<br/>Lease: 983 years remaining (both properties)<br/>Tenure: Leasehold<br/>Tax council band: A<br/>Local authority: Cheltenham