1 bedroom apartment for sale
Key information
Features and description
- Being Sold via Secure Sale online bidding. Terms & Conditions apply.
- Immediate ‘exchange of contracts’ available
- Open plan kitchen & living accommodation
- Positioned on the edge of Gloucester Docks
- Walking distance to Gloucester Train Station, Docks & Quays
- Tenant In situ currently paying £650 pcm
- Potential Rental Income £890 pcm
- Ideal Investment Property
A fantastic investment opportunity!
Pattinson Auction are delighted to present this charming and characterful one-bedroom apartment, located on the fourth floor of the iconic Pridays Mill building. Dating back to the 1800s, the development offers a unique blend of historic architecture and modern-day living, right in the heart of Gloucester.
The property enjoys enviable views across both Gloucester Cathedral and the ever-popular Gloucester Docks, while inside the apartment provides light-filled, open-plan accommodation with dual sash windows.
Currently let with a tenant in situ paying £650pcm, this property represents a ready-made investment with strong rental potential.
Accommodation
The apartment is thoughtfully designed to combine the character of a historic mill conversion with modern comforts.
Open-Plan Living/Kitchen: A welcoming and versatile reception space with large sash windows drawing in natural light. The kitchen area is fitted with modern appliances, wall and base units, and ample preparation space.
Bedroom: A well-proportioned double room with character features and far-reaching views over Gloucester’s historic skyline.
Bathroom: A modern fitted bathroom with contemporary fixtures and finishes.
Additional Benefits
Historic building conversion with character features throughout
Secure entry system
Professional building management and maintenance
Central city location within walking distance of Gloucester Quays, shops, restaurants, and transport links
Additional Information
Investment info: Tenant in situ paying £650pcm
Council Tax: Band A
Floor Area: 39sqm
Heating: Electric Heating
Tenure: Leasehold
Managing Company: Ash & Co
Lease Length Remaining: 75 years remaining - Vendor happy to reach an agreement on paying for this to be extended.
Service Charge Annually: £1816.80
Ground Rent Annually: £87.50
EPC Rating: D
This rare one-bedroom apartment offers the perfect balance of history, charm, and convenience in one of Gloucester’s most sought-after locations. Early viewing is highly recommended.
Council Tax Band: A
Tenure: Leasehold
Length of Lease: 75
Annual Ground Rent Amount: £87.00
Annual Service Charge Amount: £1,816.00
Rooms
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure AML procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price , Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
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