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Worcester Street, Gloucester *Guide Price £260,000+

  • High yielding investment property offering potential gross yield of circa 11%
  • Tenanted shop let at £15,600 per annum
  • 2 x recently converted 1 bedroom flats
  • EPC'S: On order

***SOLD STC*** ***Guide Price: £ 260,000+ (plus fees) This is a substantial Grade II Listed freehold end of terraced property that has recently been refurbished and converted to provide a ground floor lockup shop and two self-contained 1 bed flats above. The shop is currently let to a pizza takeaway business at £15,600 pa whilst both flats are currently vacant. It is expected that the flats should let for circa £500-£525 pcm each giving a potential annual rent of £28,000.


Worcester Street
Gloucester GL1 3AA
County: Gloucestershire
Sale Type: Sold STC
Ref #: AH000323

High yielding investment property situated in a prominent city centre position offering tenanted shop and 2 x 1 bedroom flats

Description

This is a substantial Grade II Listed freehold end of terraced property that has recently been refurbished and converted to provide a ground floor lockup shop and two self-contained 1 bed flats above. The shop is currently let to a pizza takeaway business at £15,600 pa whilst both flats are currently vacant. It is expected that the flats should let for circa £500-£525 pcm each giving a potential annual rent of £28,000.

Accommodation

Ground floor shop and basement: Uninspected by the auctioneer. We understand the main part of the building is counter and waiting space with kitchens etc in the single storey rear extension. There is a separate side entrance to the rare extension. First floor and second floors: 2 recently converted 1 bedroom flats with open plan kitchen living space.

Possession

Ground floor and basement sold subject to the aforementioned 5 year lease from March 2019 at £15,600 pa. First and second floor flats sold with vacant possession.

Viewings

By appointment with Auction House Tel: 0117 946 4949

For Sale by Auction

On Tuesday 11th February at 7.00pm at Ashton Gate Stadium, Winterstoke Road, Bristol BS3 2LQ. Please note the auctioneers have made their best endeavours to disclose all additional fees. Interested parties should refer to the special conditions of sale contained in the Legal Pack for any late amendments or additions to these fees as well as the auction day addendum sheet prior to bidding

Legal Pack

A full auction legal pack can be downloaded from www.auctionhousebristol.co.uk once available. For further information on the other lots in this auction please visit the website.

Administration Fee

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.


Worcester Street
Gloucester GL1 3AA
County: Gloucestershire
Sale Type: Sold STC
Ref #: AH000323
Name Location Type Distance

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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