Property description

Freehold block of apartments in Gloucester City Centre

Michael Tuck Estate Agents are pleased to welcome to the market this fantastic investment opportunity!
Clarence Gate House currently comprises of six apartments, 4 x one bedrooms and 2 x two bedrooms.
The property also boasts an impressive sized entrance hall and cellar which is currently split into several storage rooms.

All of the apartments are currently tenanted and there rental income per month is shown below.

Rent per month
Flat 1 - 2 Bedrooms - £477.00
Flat 2 - 1 Bedroom - £435.00
Flat 3 - 2 Bedrooms - £485.00
Flat 4 - 1 Bedroom - £430.00
Flat 5 - 1 Bedroom - £440.00
Flat 6 - Bedroom - £410.00

Total Monthly rent = £2677.00
Total Annual rent = £32,124.00
Yield Based on Asking Price = 6.76%

This property is full of character and is conveniently situated within the Gloucester City Centre!
To arrange a viewing call us on 01452 311220.

Description
The Property comprises of; Four x one bedroom flats.two x two bedroom flatsRent per monthFlat 1 - 2 Bedrooms - £477.00Flat 2 - 1 Bedroom - £435.00Flat 3 - 2 Bedrooms - £485.00Flat 4 - 1 Bedroom - £430.00Flat 5 - 1 Bedroom - £440.00Flat 6 - Bedroom - £410.00Total Monthly rent = £2677.00Total Annual rent = £32,124.00Yield Based on Asking Price = 6.76%

Property Features :

• Freehold
• Investment Property
• Six Apartments
• City Centre Location
• Generous Living Space