1 Bedroom Flat for sale in Cheltenham, GL51
Gloucester Road, Cheltenham, GL51£345,000
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Full Details for 1 Bedroom Flat for sale in Cheltenham, GL51 :
This property is an ideal investment opportunity in a central location and is a large Victorian build divided into two self contained 1 bed flats and a shop unit that is currently on a long let with 3 years remaining. The \"full repairing lease\" generates an income of £8800 per annum.The property is well maintained and a stones throw from Cheltenham Spa train station and a mile from the M5 so giving access to major train and motorway links.Montpellier and the town centre are also very close by.The two flats are 1st floor and garden level and are currently tenanted and the current rentals generate £6600 & £6300 per annum.Each flat benefits from GCH & double glazing.The collective current income for this property is £21,700.00, giving an annual yield of 6.5%The return on this investment is attractive and definitely worth a viewing if you are looking for a long term investment opportunity.
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