This attractive freehold investment opportunity on Church Street comprises six one-bedroom apartments and a ground floor commercial unit, all set in a prime town-centre location within easy reach of local amenities. Converted in 2005, the property is offered to the market with tenants in situ and no onward chain, providing a straightforward, ready-made buy-to-let purchase.
The building currently generates an annual rental income of £64,500, producing a yield of 8.32% at the asking price. Several apartments are presently let below market value, with recent new tenancies achieving £850 pcm. At this level, the projected annual income increases to £71,400, delivering a potential yield of 9.21%, reinforcing the strength of the investment.
Arranged two per floor, the apartments are accessed via a communal entrance, while the ground-floor commercial unit benefits from its own separate street access. Each apartment offers an open-plan kitchen, living and dining area with a fitted kitchen and breakfast bar, a double bedroom, and a bathroom with bath, shower over, WC and basin. The front-facing apartments enjoy stunning views across to Tewkesbury Abbey, adding to their desirability.
The commercial unit sits to the front of the building and includes a rear storeroom, two utility rooms and a cloakroom.
Please note: there is no on-site parking, but permit parking is available nearby, ensuring convenient options for residents.
The entire building is held under a single freehold title, with no separate leases for the apartments or commercial unit. Each apartment falls within Council Tax Band A.
A superb investment opportunity in a highly sought-after central location.
