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Park End Road, Gloucester
Guide Price £395,000

Under Offer
5    5    0
  • Block of Flats
  • Period Terrace House
  • FREEHOLD Multi Units
  • 5 Separate & SELF CONTAINED Apartments
  • 1 x Two Bedroom Apartment
  • All Currently Rented and Managed with STA's
  • 4 x Single Bedroom Apartemtns
  • All Flats Pay for Their Own Utilities
  • All Have Their Own GCH Boilers
  • Double Glazing


A FREEHOLD multi-unit block of flats, comprising of 5 separate apartments set within a period terrace house. These self-contained flats are located on the ground, first and upper floors, with 4 x one bedroom, and 1 X two bedroom units. All the apartments have their own services connected with separate gas central heating boilers, and pay their own utility bills. Situated within 100 yards of Gloucester Park, 0.4 Miles of Gloucester Quays, 0.8 Miles of the city centre and train station. The EPC’s for each apartment range from C to E. No onward chain.


Park End Road
Gloucester GL1 5AN
County: Gloucestershire
Sale Type: Under Offer
Ref #: BM000603

The Property

All the units are currently let with separate shorthold tenancy agreements, generating an annual income of approximately £24,500, offering a gross yield of around 6%. This income could increase if all the rents were increased to current market levels. Upon inspection the apartments appear good - very good in presentation and the owners inform us the flats have been well maintained, and are all compliant with current Private Landlord regulatory requirements (at the time of writing). A single front door, communal hallway and staircase provides access to all the apartments. Apartment Two has direct access to the rear garden. There is a storage basement and rear garden with side access. The property faces a parade of shops and take away restaurants. Located on the Gold 63, 33, & 64 bus routes.

Front Outside Area

Patio/ bin store area with steps up to front door.

Communal Hallway

Hallway with staircase leading to landing areas, access to all the apartment, smoke alarm system, mezzanine landing with original stain glass window to rear.

Apartment One: Bedroom

12' 5'' x 9' 11'' (3.78m x 3.02m)

Double glazed window to rear, en-suite bathroom.

Apartment One: Kitchen/Living Area

15' 0'' x 14' 10'' (4.57m x 4.52m)

(15' MAX into bay). Bay window to front, fitted kitchen area,door to hallway leading to bedroom.

Apartment Two: Bedroom

9' 3'' x 10' 8'' (2.82m x 3.25m)

Double glazed window to rear, door to garden.

Apartment Two: Kitchen/Living Room

13' 11'' x 10' 6'' (4.24m x 3.20m)

Double glazed window to side, fitted kitchen area, step up to hallway and shower room.

Apartment Three: Kitchen/Living Room

14' 4'' x 10' 7'' (4.37m x 3.22m)

Windows to side, fitted kitchen area door to bedroom and hallway.

Apartment Three: Bedroom

10' 8'' x 9' 6'' (3.25m x 2.89m)

Window to rear.

Apartment Four, Bedroom 1

13' 1'' x 10' 1'' (3.98m x 3.07m)

Double glazed window to rear, door to lobby and separate bathroom.

Apartment Four Bedroom 2

11' 2'' x 7' 11'' (3.40m x 2.41m)

(Measurements at the maximum) Window to front.

Apartment Four: Kitchen/Living Area

14' 9'' x 11' 8'' (4.49m x 3.55m)

Double glazed window to front, fitted kitchen area.

Apartment Five: Bedroom

11' 3'' x 12' 7'' (3.43m x 3.83m)

(Measurements max and into eaves). Window to rear, en-suite.

Basement

Storage cellar divided into two rooms with access from an internal staircase and double doors to garden. Max head height 6' but the majority of the basement is 5' 6''.

Garden

45' 0'' x 21' 0'' (13.71m x 6.40m)

(Garden measurements approximate) Walled garden with hard standing patio area, lawn area and side access,

Property Information

The Vendors inform us: - All the Apartments are self contained with their own utility supplies and the tenants are responsible for paying all their own energy bills. -Every apartment has it's own GCH boiler with annual service history. - All are currently rented (at the time of writing). - All the apartments have Shorthold Tenancy Agreements in Place. - The block has an appointed managing agent. - The apartments range from good to very good in presentation and Flat 4 has been refurbished within he last 12 months. - There is no onward chain from this sale.


Park End Road
Gloucester GL1 5AN
County: Gloucestershire
Sale Type: Under Offer
Ref #: BM000603
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