5 bedroom terraced house for sale
Key information
Property description & features
- 4 Apartments (3 x 1 Bed and 1 x 2 Bed)
- Fully Tenanted with a Rental Income of £46,500 per annum with a gross yield of 5.17%
- Share of Freehold
- Unfurnished
- Finished to a very High Standard
- No Parking
- Electric Heating
- Managed by Elliot Oliver Lettings
We have been instructed by our client to offer this block of 4 modern apartments in the main shopping area in Leckhampton, Cheltenham for offers in the region of £900,000. The building comprises two adjoining mid-terrace buildings of rendered brick construction and pitched tiled roof. The apartments are entered via a communal door between the two commercial properties on the ground floor and then split over the first and second floors.
Each apartment comprises an entrance hallway, a single main living/dining/kitchen room, in which all the kitchens are fitted with appliances, the two bedroom has two en-suites and the one bedrooms come with shower room off the corridor.
Tenancy Schedule:
- Apartment One - 1 Bedroom at £800 pcm
- Apartment Two - 2 Bedroom at £1200 pcm
- Apartment Three - 1 Bedroom at £900 pcm
- Apartment Four - 1 Bedroom at £975 pcm
Areas:
- Apartment One - 54.26 sqm
- Apartment Two - 82.80 sqm
- Apartment Three - 49.35 sqm
- Apartment Four - 55.57 sqm
All currently rented out on "Assured Short-hold Tenancies" with a combined rental income of £46,500 per annum with a gross yield of 5.17%
Location:
The property is situated in the spa town of Cheltenham which has a population of approximately 115,000 and lies in the heart of the Cotswolds. There is great excellent access to the M5 motorway lying on the fringes of the town and the main A40 road providing access to Oxford and London. There is in addition a main line railway station with direct links to London and Birmingham.
Viewings:
Strictly by prior arrangement with the agents (Due to the building being tenanted at least 24 hours notice required).
Places of interest
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Property reference S944952. 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 Elliot Oliver Sales - Cheltenham.
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Broadband availability and predicted speed: obtained from Ofcom on July 21, 2022
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:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on July 21, 2022
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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
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