Back to property listings
£1,200,000

Block of 12 Investment Apartments -Albion Street, Cheltenham

Block of 12 Investment Apartments -Albion Street, Cheltenham, Gloucestershire, GL52 2SW

  • Make Enquiry

For more information call us on
0121 740 1000

Key Features

  • Freehold Block Of Apartments
  • Highly Sought After Location - Walking Distance Of Cheltenham High Street
  • Parking
  • Fully Let - Income Generating
  • Ready Made Investment Block
  • Potential For Rental Increase
  • £76,800 Rental Income
  • Potential Rental Income £96,000 p.a / £8000 pcm
  • 10 x 1 Beds & Self Contained Studio Flats + 2 x 2 Bedroom Flats

Summary

FREEHOLD BLOCK of 12 Stunning Investment  Apartments.  Walking Distance Of Cheltenham Town Centre - Fully Let £76,800 Rental Income 

Description

DESCRIPTION

The OPA are pleased to present this ready made investment opportunity in the highly sought after and prestigious location of Cheltenham Town Centre.

Comprising of 12 self contained apartments generating a rental income of £76,800 p.a, with scope for rental increase.

The property also benefits from residents parking.

ACCOMMODATION

The property comprises : 6 x 1 bedroom apartments

4 x studio apartments

2 x 2 bedroom apartments 

Apartment 1

Ground Floor

1 Bedroom 345 sqft

Apartment 2

Ground Floor

1 Bedroom 400 sqft

Apartment 3

Ground Floor

Studio 270 sqft

Apartment 4

Ground Floor

1 Bedroom 415 sqft

Apartment 5

Ground Floor

2 Bedroom 620 sqft

Apartment 6

Mezzanine

2 Bedroom 620 sqft

Apartment 7

First Floor

Studio 290 sqft

Apartment 8

First Floor

1 bedroom 325 sqft

Apartment 9

First Floor

studio 375 sqft

Apartment 10

First Floor

1 bedroom 375 sqft

Apartment 11

Second Floor

studio 470 sqft

Apartment 12

Second Floor

1 bedroom 410 sqft

Total 5005 sqft

464,89 Sq m

LOCATION

The property is Located within walking distance of Cheltenham town centre.

Cheltenham is a Regency town renowned for its fine architecture, national hunt racing, quality shopping and excellent schools.

There are good sporting and leisure facilities including several gyms and leisure centres, swimming pools, tennis, squash, hockey and golf clubs. Access to the motorway network is via Junctions 10, 11 & 11A on the M5.

There are train services to London (Paddington) and other major cities from Cheltenham Spa.

TENURE

The building is freehold and let for £76,800 p.a INVESTMENT OPPORTUNITY

The property has scope for rental increase to £8000 pcm / £96,000 p.a.

VIEWINGS

FRIDAY 03 DECEMBER 2021 - FROM 12.00-2.00

Please contact The Online Property Agency for an appointment.

BUYERS FEE

Buyer's Reservation Fee of 2% of The Purchase Price. T&Cs apply.

The OPA’s “Secure It Now Exclusivity Package”

This property is being offered under The OPA’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion

Next Steps – Do Not Miss Out -

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

AGENT NOTES

Please be advised the agent has not inspected the property internally and all information has been provided by the seller. 

Floorplans provided are For illustrative purposes only and should be independently verified. Images are not intended to be relied upon, nor form part of any contract

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967: The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

Floor Plan

Filter by: