Industrial development for sale
Property description & features
- Tenure: Freehold
- Nearby campuses include Oxstalls, Kings Square and Gloucestershire Royal Hospital.
- The total future gross income is £93,500 per annum.
- A purchase at the asking price would reflect a gross initial yield of approximately 7.19%.
- The rooms are to be let for periods of 11 months from September 2023 at rents of £500 per month.
- Offers in the region of £1,300,000 for the freehold interest in the property, subject to the tenancies in place.
Fully let student investment within walking distance of the University of Gloucestershire’s Campuses at Oxstalls and Kings Square and Gloucestershire Royal Hospital.
The total future gross income is £93,500 per annum.
A purchase at the asking price would reflect a gross initial yield of approximately 7.19%.
The property is of brick construction with a pitched tiled roof over and with decorative fascia board and stone detailing to the windows, with accommodation located on three floors. There have been two extensions, also of brick with pitched and hipped roofs over, with some single additions, part flat roofs and a front extension with lean to tiled roof.
TENANCIES
The rooms are to be let for periods of 11 months from September 2023 at rents of £500 per month (£93,500 per annum in total). Deposits of £250 are to be paid and guarantors provided. Further information available from agents.
Gloucester is the commercial and administrative centre of the County and supports a resident population of approximately 121,700 (2011 Census). Gloucester has a strong and established traditional industrial base together with, in recent years, a significant expansion as an office centre through the developments on the business parks close to the Motorway junctions. Gloucester is located approximately 9 miles (14.5 km) west of Cheltenham, 35 miles (56.2 km) north of Bristol, 55 miles (88.5 km) south of Birmingham and 100 miles (161 km) west of London. Access to the motorway network is available at Junctions 11, 11A and 12 of the M5. The property is located on the western side of Heathville Road, accessed off London Road, 1 of the principal arterial routes leading into Gloucester. It is set back from the road and provides generous parking to the front and rear, with a total of 18 allocated spaces.
The accommodation comprises the following areas:
Property information from this agent
Places of interest
Ash Chartered Surveyors - Gloucestershire
3 Pullman Court, Great Western Road Gloucestershire GL1 3ND
See more properties like this:
*DISCLAIMER
Property reference 153884-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ash Chartered Surveyors - Gloucestershire.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.