Floorplan
Map8 bedroom park home for sale
Key information
Features and description
- Investment opportunity
- Good rental income, circa £45,000 p.a.
- Scope for higher rents
- 5 Studio Flats
- 3 Bedsits
- 9% Gross Return
Rooms
Description
An opportunity to purchase an investment property within the heart of Wotton-under-Edge. The property is marketed subject to existing Assured Shorthold Tenancies, for the flats and bedsits.
There are five studio flats and three bedsits in good tenantable and decorative order, being well-maintained by the current Landlords. The bedsits all have their own separate bath/shower rooms.
The property is connected to mains electricity, water and drainage.
Situation
The property is situated on the main high street of the historic market town of Wotton-under-Edge. The M5 Junction 14 is approximately 5 miles away while the M4 is approximately 11 miles distant, allowing for good access to Bristol, Gloucester, Cheltenham and South Wales. Locally, Wotton-under-Edge boasts a wide range of independent and national shops.
Outside
The property has pedestrian access direct from Long Street.
Lease
The flats and bedsits are let under the terms of Assured Shorthold Tenancy agreements. Further details on request.
The total combined annual income is in the region of
£45,000 p.a.
Agents Notes
The property will benefit from a pedestrian right of access over the area hatched green on the plan, and access to a small garden at the rear.
The Seller, before completion, will arrange for the installation of an appropriate fire door on the first floor, as marked by ‘A’ on the floorplan.
Viewing
Strictly by appointment with the Agents
Property information from this agent
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