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Property for sale in St. Pauls Road, Cheltenham
£315,000

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St. Pauls, Cheltenham Investment Opportunity
‘Going Concern’ with Approx. £18.5k PA Yield
Period Property with Four Upper Floor Units…
Each Unit has Kitchen and Shower Facilities
Separate Self-Contained Basement Apartment
Each Unit Occupied - Established A.S.T Tenants
Internally, Maintained yet Dated Accommodation
Current £31,500 Gross and £18,600 Net Yield…
Superior Clarence Square Vicinity of the Road
Solid Long-Term Investment – Region of £315,000

Town Centre/ St. Pauls Investment Opportunity – Four Story Period Property to be Sold as a ‘Going Concern’ comprising One Self-Contained Garden Flat & Four Additional Main Building Units – Established ‘AST’ Occupation with c. £31,000 Gross and £18,600 Net Yield – Details upon Request… £315,000.

The Accommodation in Brief…

Main Entrance Area

Railed and gated frontage to recessed arch porch with original period corbel mouldings. Original front door with fan light over.

Communal Hall

Stairway rising to the upper floors. Doors to communal shower room and WC. Door to ground floor flat No.1 and rear aspect part glazed door to rear garden plus self-contained garden apartment.

Ground Floor Flat No. 1

A sizeable flat comprising the two original reception rooms; the front room (sitting and bedroom) features the bay window, some original period features, built in shower cubicle and built in wardrobe. The rear room comprises a large kitchen and dining room with picture window and built-in storage.

Mezzanine Level

Door to communal Utility, Cloaks and Boiler Room plus further stairs to main landing.

Utility Room

With rear aspect double glazed window, plumbing and space for white goods (wall mounted coin operated power supply) low level W.C and cupboard housing modern ‘Worcester’ branded combination boiler.

First Floor Landing

Doors to Flat floor flats No. 3 and No. 4 plus access to built-in storage and further staircase rising to 2nd floor (flat 5)

Flat No. 3

A Generous studio style room with dual front aspect double glazed windows, main living/ bedroom area plus rear aspect kitchen area, door to shower cubicle plus built-in wardrobes/ storage. Note: currently vacant / Mid redecoration (see photo) – new tenant as of 31 July 2023.

Flat No. 4

Compact studio style room – more dated cosmetically. Rear aspect double glazed window – Main living/ Bedroom with mini kitchenette, door to shower cubicle and built-in wardrobe / storage.

Second Floor

Door to…

Flat No. 5

Studio style loft conversion with dual aspect double glazed skylight windows, main living/ bedroom area, dual run kitchen area, door to shower cubicle, eaves and built-in wardrobe/ storage.

Self-Contained Garden Apartment

A sizeable lower ground floor flat loosely echoing the layout of the ground floor flat (1) – with dedicated reception linked to study/ dining area and fitted kitchen plus front aspect bedroom with bay window and opening to shower room with cubicle, WC and basin. Also small private courtyard accessed from reception area.

Communal Garden

A low maintenance, mainly paved with brick retained well stocked borders. Also, secure garden shed, gated rear access and sunny southerly orientation.

Tenure

Freehold.

Services

Mains Gas, Electricity, Water and Drainage appear connected.

Council Tax Bands

Main House is Band ‘B’ Garden Apartment is Band ‘A’

Certification Documents

We are advised the following up-to-date documentation will be made available prior to exchange of contracts: • Landlord gas safety record • Electrical installation condition report (EICR) • Yearly inspection fire alarms, emergency lighting and fire extinguisher.