7 bed block of flats for sale

Albion Street, Cheltenham GL52

Hunters of Cheltenham are delighted to offer this exceptional and 'readymade' lucrative freehold investment of a block of 5 self-contained town centre apartments currently let with ASTs at an outstanding annual income of £69,900 with an impressive yield of 7.8%. As buyer will own the freehold, there are £0 service charges to pay.

The whole building has recently enjoyed a full cosmetic restoration with new décor and carpets to all communal areas. Inside, each flat has received a similar quality refurbishment with all new bathroom suites, kitchens and carpets throughout. In contrast to the new and fresh appearance, the property retains some charming original features and benefits from a private courtyard garden to the rear. The roof tiles have recently been replaced.

The apartments are as follows -

Flat 1 - Lower Ground Floor one double bedroom apartment with a separate office area and an exceptional vaulted ceiling shower room. This flat has its own private rear garden and outside storage.
Let at £1095PCM (unfurnished)

Flat 2 - Upper Ground Floor one double bedroom flat.
Let at £1145PCM (furnished)

Flat 3 - First Floor two-bedroom flat with impressive sized rooms and floor to ceiling sash windows etc. Let at £1345PCM (furnished)

Flat 4 - Second Floor two-bedroom flat with attractive elevated position.
Let at £1445PCM (furnished)

Flat 5 - A Detached Studio apartment set at the rear of the communal garden, rebuilt from the original stables, easily the most popular of all, even though it is the smallest apartment here, it is detached and completely self-contained - it’s very attractive and never vacant!
Let at £795PCM (unfurnished)

Please contact Mark Millward at Hunters for further details

Outstanding freehold investment opportunity | Seven Bedroom Georgian Grade II Listed Town House | Fully Refurbished Throughout | Currently Five Fully Self Contained Flats | Three One-Bedroom and Two Two-Bedroom Flats | Two Private Gardens | Freehold | Permit Parking Available

Flat 1 - Living / Kitchen (5.33m x 4.57m)

Flat One

One Bedroom Flat on the Lower Ground Floor with a luxury bathroom and private outdoor space.

Flat 1 - Bedroom (3.71m x 3.68m)

Flat Two

One Bedroom Flat on the Upper Ground Floor

Flat 1 - Bathroom

Flat Three

Two Bedroom Flat on the First Floor

Flat 1 - Courtyard (3.35m x 3.35m)

Flat Four

Two Bedroom Flat on the Top Floor

Flat 2 - Living Room (4.83m x 4.70m)

Flat Five

A self-contained studio located at the rear of the property

Flat 2 - Kitchen Area

Rear Studio

Flat 2 - Bedroom (3.91m x 2.97m)

Typical Living Room

Flat 2 - Bathroom

Typical Kitchen

Flat 3 - Living Room (4.78m x 4.09m)

Typical Bedroom

Flat 3 - Kitchen Area

Typical Bathroom

Flat 3 - Bedroom One (3.96m x 2.84m)

Flat 3 - Bedroom Two (4.78m x 2.34m)

Flat 3 - Bathroom

Flat 4 - Living Room (4.78m x 3.99m)

Flat 4 - Kitchen Area

Flat 4 - Bedroom One (3.96m x 2.87m)

Flat 4 - Bedroom Two (4.78m x 2.46m)

Flat 4 - Bathroom

Flat 5 - Studio (6.25m x 3.56m)

Flat 5 - Kitchen Area

Flat 5 - Sleeping Area

Flat 5 - Shower Room

Flat 5 - Overview

Main Garden