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Oxford Street, Gloucester 9 bed block of apartments for sale
Oxford Street, Gloucester
£625,000
Oxford Street, Gloucester
£625,000
Our Summary
- This is a highly attractive investment opportunity for experienced developers and investors alike
- The entire block can be refurbished to a higher standard in order to add value, and, additionally there is an area to the rear, which can be converted into another dwelling, subject to planning
- Additional Redevelopment Opportunity (Subject to Planning)
Description
This is a unique investment opportunity for experienced developers and investors, comprising a Grade II listed terrace of three-storey buildings on Oxford Street in Gloucester. The property, built around 1824, features nine self-contained one-bedroom flats, each with a separate kitchen, lounge space, shower room, and double bedroom. The flats are situated on the ground, first, and second floors, with the basement housing all utilities. The property offers scope for refurbishment to add value and an additional dwelling can be converted in the rear area, subject to planning permission. The freehold is being sold for around £625,000, with a total monthly rent of £3,452 and an annual rent of £41,424. The property is sold with tenants in situ and benefits from street parking with a permit.