**Investment Opportunity Highlights:**
- **Freehold Property:** Own the land with no leasehold complications
- **Current Rental Income:** Generates approximately £30,000 annually
- **Potential Rental Yield:** Up to 10% with refurbishment
- **Building Size:** 1,884 sq ft, housing five one-bedroom apartments
- **Condition:** Requires some modernisation
- **Location:** Melbourne Street East, Gloucester, a city with high rental demand
- **Local Amenities:** Excellent access to transport links and nearby schools rated ‘Good’
Are you an investor looking for a lucrative addition to your portfolio? This mid-20th century brick apartment block offers five self-contained, one-bedroom units in a prime area of Gloucester. Each apartment features a spacious double bedroom, a private bathroom, and a functional kitchen, all underpinned by energy-efficient double glazing.
This property presents an exceptional opportunity to capitalize on a robust rental market. With the current rental income at approximately £30,000 per annum and room for enhancement through thoughtful renovations, you could see returns climb to around £39,000 yearly, achieving a remarkable potential yield of 10%.
Situated in an area with good public transport links and amenities, it attracts a diverse range of tenants, securing low vacancy rates. However, note that some modernisation work is needed, which could present a chance for further value appreciation.
Seize this rare investment opportunity and envision your future in a thriving Gloucester rental market—properties like this don’t stay available for long! Don't wait—schedule a viewing today to explore the full potential of this investment.
