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For Sale
Guide Price £3,000,000
Gloucester GL11PN
United Kingdom
CODE 5000
A rare opportunity acquire a newly converted apartment block in central Gloucester approaching full occupancy. Offers in excess of £3 million invited.

The current passing rent is £192,240. The rent roll once the remaining units at let will be £208,560 per annum.

The recently converted property comprises a former
detached concrete framed office building dating circa 1970, creating 27, one and two bedroom apartments. Vehicular access to the building is via Russell Street with a gated car park providing 27 spaces. The apartments are finished to a good standard and provide modern kitchen and bathroom facilities. The property benefits from electric water heaters and newly fitted double glazing. The site covers a total area of 0.37 acres (0.15 hectares). All 27 apartments are vacant, built in accordance with Part M Building Regulations for affordable housing.

7 x One Bedroom Apartments
20 x Two Bedroom Apartments
Newly Converted
Building can be split vertically into two

View Brochure

William Matthews
Olympus House, Olympus Park Quedgeley, Gloucester GL2 4NF
01452 880152

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William Matthews
Olympus House, Olympus Park Quedgeley, Gloucester GL2 4NF
01452 880152
These particulars are intended as a general guide only and do not constitute any part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility. Intending purchasers or tenants should satisfy themselves as to the accuracy of all statements and representations before entering into any agreement. No employee or partner of Bruton Knowles has authority to make or give any representation or warranty in relation to the property.