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Property Overview
-
- 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
Supporting Documents
General Summary
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