Summary - PRIDAY MILLS 41-45 FLAT 102 COMMERCIAL ROAD GLOUCESTER GL1 2ED
1 bed 2 bath Apartment
Large one-bedroom mill conversion with parking and rental potential, chain free.
South-facing private balcony with room for seating
Set within the converted Pridays Mill at Gloucester Docks, this unusually large one-bedroom apartment offers generous living space and a sunny south-facing balcony. The open lounge can accommodate living, dining and a home workspace; French doors lead to the balcony, while the kitchen has integrated appliances. The bedroom includes an en-suite and there is also a modern family bathroom, making the layout flexible for both owner-occupiers and tenants.
Practical benefits include a secure allocated parking space within gated grounds, fast broadband and excellent mobile reception. The building’s industrial character — exposed brick and large windows — adds appeal and helps the apartment stand out in the local rental market. The vendor advises a potential rental income of around £850 pcm.
Buyers should note material costs: an annual service charge of approximately £1,992 and ground rent of £175. The vendor has indicated they will extend the lease to 999 years but this extension is not yet in place. Heating is electric (room heaters) rather than gas central heating, which may affect running costs. The property sits in an area classed as very deprived with higher-than-average crime; sensible security and insurance considerations are advised.
Overall, this chain-free apartment will suit investors seeking a lettable city-docks asset and first-time buyers wanting a roomy, characterful home close to Gloucester Quays. Viewings are recommended to assess the space, balcony aspect and overall location for either residential use or rental potential.
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