Sold Block of Flats
Warwick Place, Cheltenham Guide Price £625,000
Property Features
Warwick Place, Cheltenham, Gloucestershire, GL52 2NP
Contact Agent
12109_1101/103 Promenade
Cheltenham
Gloucestershire
GL50 1NW
Tel: 01242 222722
sales@charleslear.co.uk
About the Property
9.17% yield – This is a substantial attached period property presently being utilised as a house in multiple occupation together with two self-contained one bedroom apartments. Providing a substantial annual income of in the region of £57,320 pa., the property would now benefit from some updating.
Property Details
Description
9.17% yield - Anchor House is a substantial period property dating from the Victorian era and in its early life used as a local brewery, hence the large basement. Presently, the property is used as an HMO and generates an annual income of in the region of £57,320 pa., but also has the potential to create a small number of individual apartments.
Situation
Warwick Place is a small no through road, centrally located within a few minutes walk of the High Street and Promenade and is also situated within half a mile of Pittville Park, whilst the growing Brewery complex is also on the doorstep. Cheltenham is renowned for a wide range of festivals and is blessed with a number of internationally renowned schools.
General Information
Mains water, electricity, gas and drainage are connected to the property.
Local Authority:
Cheltenham Borough Council: 01242 262626.
Bedsitting Rooms (x10)
Rent: £85-£90 per room per week
Council Tax Band: C - £1,414.11 pa.
Self-Contained Apartment 1
Rent: £525 pcm.
Council Tax Band: A - £1,060.57 pa.
Self-Contained Apartment 2
Rent: £525 pcm.
Council Tax Band: A - £1,060.57 pa.
Viewings are strictly by prior appointment through the sole agents, Charles Lear & Co. on 01242 222722.
Tenure:
Freehold.
