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Westgate Street, Gloucester, GL1 2PG 4 bed terraced house for sale
Westgate Street, Gloucester, GL1 2PG
£425,000
Westgate Street, Gloucester, GL1 2PG
£425,000
Our Summary
- The apartments generate a combined annual income of £31,800, with a potential additional income of £12,000 per annum from the office/shop space, thus offering a potential total annual income of £43,800
- This property offers a unique investment opportunity with the potential for both commercial and residential income in a thriving city centre location
Description
This three-storey terraced building on Westgate Street in Gloucester City Centre offers a versatile property with a commercial unit on the ground floor and three one-bedroom apartments on the upper floors. The ground floor office space is extended to the rear and has potential for residential use, while the upper floors can be accessed separately. The property benefits from a prime location near the city centre's pedestrianised retail zone and is close to motorway networks. The apartments generate a combined annual income of £31,800, with potential additional income from the office space, offering a total potential annual income of £43,800. The freehold property is available for sale with a guide price of £425,000, representing over a 10% return on investment.