Income-producing one-bedroom with study and an exceptionally long lease.
- First-floor 1 bed plus study, 522 sq ft
- Sold subject to existing tenants on rolling AST
- Current rent £1,125 pcm (£13,500 pa)
- Long lease: 999 years remaining
- Service charge c. £913 (first year)
- EPC E; double glazing; mains gas heating
- No private garden or outdoor space
- Auction sale: buyer’s premium £1,800 inc VAT
A compact, well-lit first-floor one-bedroom plus study in the heart of Gloucester Road, offered with a long 999-year lease. The open-plan kitchen/living/dining area and large windows give a bright feel across the 522 sq ft layout, suited to single occupiers, couples or buy-to-let investors. Double glazing and mains gas heating are in place; EPC rating E.
The property is sold subject to existing tenants on a rolling AST, producing £1,125 pcm (£13,500 pa). This makes the flat a ready-made income investment with immediate rental return and local letting demand from students and professionals in the area.
Be aware this sale is by live online auction with an extended eight-week completion. Bidders should factor in the buyer’s premium (£1,800 inc. VAT) and follow the legal pack for full details on service charge, tenants and any restrictions. There is no private outdoor space and the building is mixed-use, so street-facing urban views only.
Overall this is a straightforward, income-producing city flat with long-lease security and moderate running costs; suitable for investors seeking near-term rental yield or buyers prepared to occupy after tenancy expiry.