We have been instructed by our client to offer this block of 4 modern apartments in the main shopping area in Leckhampton, Cheltenham for offers in the region of £900,000. The building comprises two adjoining mid-terrace buildings of rendered brick construction and pitched tiled roof. The apartments are entered via a communal door between the two commercial properties on the ground floor and then split over the first and second floors. 

Each apartment comprises an entrance hallway, a single main living/dining/kitchen room, in which all the kitchens are fitted with appliances, the two bedroom has two en-suites and the one bedrooms come with shower room off the corridor. 

Tenancy Schedule:

• Apartment One – 1 Bedroom at £800 pcm
• Apartment Two – 2 Bedroom at £1200 pcm
• Apartment Three – 1 Bedroom at £900 pcm
• Apartment Four – 1 Bedroom at £975 pcm

Areas: 

• Apartment One – 54.26 sqm
• Apartment Two – 82.80 sqm
• Apartment Three – 49.35 sqm
• Apartment Four – 55.57 sqm

All currently rented out on “Assured Short-hold Tenancies” with a combined rental income of £46,500 per annum with a gross yield of 5.17%

Location:

The property is situated in the spa town of Cheltenham which has a population of approximately 115,000 and lies in the heart of the Cotswolds. There is great excellent access to the M5 motorway lying on the fringes of the town and the main A40 road providing access to Oxford and London. There is in addition a main line railway station with direct links to London and Birmingham.

Viewings: 

Strictly by prior arrangement with the agents (Due to the building being tenanted at least 24 hours notice required).