3 bed block of flats for sale

Westgate Street, City Centre, Gloucester GL1

Investment Opportunity – Three Leasehold Apartments, 36 Westgate Street, Gloucester

We are delighted to present to the market this rare investment opportunity situated in the heart of Gloucester city centre. 36 Westgate Street comprises the leasehold of three self-contained apartments, offering both strong rental potential and long-term capital growth as it is being sold with tenants in situ.

Positioned along one of Gloucester’s historic streets, just a short walk from the Cathedral, Gloucester Quays, and in the heart of the city centre, the property enjoys an enviable location with excellent transport links, shopping, dining, and leisure facilities nearby.

The AccommodationApartment One:
A well-presented one-bedroom apartment featuring open-plan living and kitchen space, bathroom, and city views.
Current Rental Payment = £475pcm
Market Rent = £650pcm
58sqm
Apartment Two:
Spacious one-bedroom apartment with generous living area, separate fitted kitchen, and wonderful Cathedral views.
Current Rental Payment = £590pcm
Market Rent = £650pcm
67sqm
Apartment Three:
Characterful one-bedroom apartment with open-plan layout, fitted kitchen, and shower room.
Current Rental Payment = £650pcm
Market Rent = £650pcm
41 sqm

Current rental income = £20,580 per annum
Potential rental income = £23,400 per annum

additional information:

Chain Free
Investment info: Circa £20,000 per annum
Council Tax: Band A
The property is located above a commercial premises
Heating: Electric Heating throughout

Tenure: Leasehold
Leasehold information: Expiry Date 2127 (102 years remaining)
Service Charge Annually: £1,716.76 per annum
Ground Rent Annually: £0.00 per annum
EPC: E

Each apartment is finished to a good standard throughout, benefitting from modern fixtures and fittings while retaining charm in this historic location.

This property offers a fantastic opportunity for investors looking to acquire a ready-made portfolio in a thriving and ever-developing city centre location.Viewing is highly recommended.

Belvoir Estate Agency. Selling & Letting Residential Property across 170 Offices in the UK. 7,000 Property Sales. 60,000 Properties Under Management.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information, simply speak to someone in our branch today. We can refer you on to The Mortgage Advice Bureau for help with finance. We may receive a fee of £200.00, if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to a variety of solicitors. We may receive a fee of £100 if you use their services.

EPC rating: E.