For Sale

Cirencester, Gloucestershire – Residential investment opportunity

Chedworth House, Longwood Court, Love Lane, Cirencester, Gloucestershire, GL7 1YX

Offers in excess of £1,150,000

Property Type:
Residential
Tenure:
Freehold

Description

  • Freehold
  • Eight self-contained flats:
    • 4 x one bedroom
    • 4 x two bedroom
  • Excellent condition following 2016 redevelopment
  • Fully let subject to Assured Shorthold Tenancies – average occupancy period of 24 months
  • Total Current Rent Reserved: £76,020 per annum
  • Estimated Gross Rental Value: £79,000 per annum
  • No arears
  • Wide range of local amenities within easy walking distance
  • Off-street private parking for eight cars

Offers in excess of £1,150,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract.

An acquisition at this level would reflect a gross initial yield of 6.6%

Subject to contract