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Opportunity to buy 25-unit tenanted block generating £151,800 rent pa in vibrant Gloucester Quays

£3,150,000
25 Unit Block
VES-GL1-145

Financials

Rental Income

GROSS RENT PER ANNUM

£151,800

Rent per annum is the total sum of annual income before expenses, charges or voids.

GROSS RENTAL YIELD

4.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£110,341

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.5%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£41,459

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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Features

NO OF UNITS
25
USE
Residential
TENURE
Freehold
PRICE
£3,150,000
AGGREGATE RENT
£151,800
GROSS YIELD
4.8%
TOTAL SQUARE FOOTAGE
11,310
PRICE PER SQUARE FOOT
£279
TENANCY STATUS
Tenanted
FURNISHED
No

Block Overview

  • Total No. of Units: 25 flats
  • 4 x 2 beds and 21 x 1 beds
  • Aggregate rent: £12,650 pcm; £151,800 pa
  • Aggregate Service Charge: TBC
  • Ground Rent: TBC
  • Tenancy types: ASTs

Available on request

  • Block Breakdown
  • Unit Leasehold Details
  • EPCs for all units
  • Block Documentation

Block Location Insight

This freehold block is located in Gloucester Quays which is one of the largest and most ambitious regeneration developments in the UK. The Docks and Quays has been transformed into a thriving residential, shopping and leisure quarter.

With its convenient location within the city centre and easy access to the surrounding area make the docks a popular place to live for those working in the city. The unique waterside position also attracts residents from Cheltenham and beyond.

Accommodation within the docks includes a mix of warehouse conversions and new build apartment complexes. These vary in size from 1-3 bedrooms.

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Floorplans

Floorplan 1
Floorplan 2
Floorplan 3
Floorplan 4

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

About Gloucester, South West

Gloucester is a city and a district in the county of Gloucestershire, in the west of country of England by the welsh border. It is situated 31 miles north north-east of Bristol and around 50 miles west of Oxford.

The area is serviced by Gloucester railway station which is mainly operated by Great Western Railway. Frequent train services are run to destinations such as London Paddington, Reading, Bristol and Cardiff Central. Crosscountry also has a line running from Cardiff to Nottingham, connecting this area to several destinations towards the north. The M5 motorway which runs east of the city links the southwest to the midlands.

Kings square is market square at the centre of town and connects the Kings Walking Shopping centre with the Market Parade and The Oxbode. This area is known as the Kings Quarter and features a largely pedestrianised outdoor area around this area that in enriched with several high street favourites and small boutiques. In this area one will also find an array of bars and restaurants to feed all of ones dining needs. A short walk from this area is the newly built stylish indoor shopping mall Gloucester Quays Outlet which features high street and designer brands at discounted prices. There are multiple cultural attractions in the area also including Gloucester Cathedral and the museum of Gloucester.

Gloucester is historically known for its aerospace industry and is still home to Gloucester Aircraft Company. There are also job opportunities from large employers that have offices in town such as Ecclesiastical Insurance, Llyods Banking, TSB Bank, EDF energy and many more.

Southgate Street,

Gloucester,

Gloucestershire,

England,

GL1 1TJ

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