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£900,000

Albion Street, Cheltenham, GL52 2RW

  • 7 beds
Detached house

£900,000

  • 7 beds
Detached house
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Estimate monthly mortgage payment:

£4,109 per month

Minimum deposit amount:

£45,000
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  • FREEHOLD INVESTMENT OPPORTUNITY
  • Outstanding Freehold Investment Opportunity
  • Seven Bedroom Georgian Grade II Listed Town House
  • Grade II Listed Building
  • Currently Five Fully Self Contained Flats
  • Five Fully Refurbished Flats
  • Fully Refurbished Throughout
  • All Flats are Self-Contained
  • All Refurbished Communal Areas
  • Three One-Bedroom and Two Two-Bedroom Flats
Property Description 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 Additional Information
Tenure: Freehold Council Tax Band: E
Rooms
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
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