1 bed flat for sale

Mersey Road, Cheltenham GL52

A rare dual-income investment opportunity - two apartments sold as a single package, generating a combined rental income of £1,524 per month and delivering a gross yield of approximately 7.3%.

Comprising a one bedroom apartment and a separate studio, both positioned on the first floor with no apartment above, this is an exceptionally low-maintenance investment with an outstanding tenancy history.

Both apartments are currently let to a company tenant on long-term contractual leases - the same occupier has been in situ since 2009, providing the kind of rental continuity that is increasingly rare in today's market. Each apartment generates £762 per month, with the combined annual rental income standing at £18,291.

The one bedroom apartment offers an open-plan living space, a well-proportioned double bedroom and a shower room. The studio provides a self-contained layout with its own private shower room.

Offered for sale with no onward chain, this package represents a straightforward acquisition for an investor seeking immediate, reliable income from day one - with no voids, no letting fees and no uncertainty.

Ground rent: £50 per annum (both properties combined)

Maintenance charge: £300 per annum (both properties combined)

Lease: 983 years remaining (both properties)

Tenure: Leasehold

Tax council band: A

Local authority: Cheltenham