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Office For Sale Residential Investment Block, 75-81 Eastgate Street, Gloucester, GL1 1PN

  • Size:
    506 sq ft / 47 sq m
  • Usage:
    B1, D2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Offices
    Other
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

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

 

Contact Bruton Knowles

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