Description
Investment Considerations
Brand new development finished to a high specification.
Accessible location within 2 miles of the City Centre and 1.5 miles from Junction 12 of the M5.
The apartments are fully let on assured shorthold tenancies generating an annual rent of £87,600 per annum.
The total rentable area (excluding communal areas) is 6,705 sq ft.
Gated entrance with allocated parking and visitors spaces.
A purchase at the quoting price of £1.45m reflects a gross initial yield of 6.04% and capital value equating to approximately £215 per sq ft.
Greenways Court is a new development of 9 apartments constructed in two three storey blocks, with the front block comprising 3 apartments and the rear, 6. The buildings have a combination of brick, timber clad and rendered elevations under part pitched, part flat roofs.
The apartments have been finished to a high standard throughout and the accommodation includes open plan kitchen/dining/living areas, fully fitted kitchens with a range of appliances, modern bathrooms, patio or balcony and a selection of apartments also benefit from en-suite shower rooms and a study or 3rd bedroom.
The specification includes:
- Independent air conditioning providing both the heating and cooling and there are digital temperature controls in all rooms which can be set to meet individual requirements.
- Separate hot water tank with heating via electric immersion heater.
- Solar panels are installed on the roof which power the freehold electric supply which subsidises the communal electrics, lights and electric gates.
- Kitchens were supplied by Howdens and each has a built in oven, hob and dishwasher.
- BT, Virgin and Sky all have connections to the site, allowing for a wide choice of internet and TV providers.
- A secure communal bike storage will be provided.
- CCTV covers all external communal areas.
- Electric gates provide secure access to rear parking area; these can be operated by phone so occupants can open remotely for deliveries or visitors.
Each apartment has at least one allocated parking space, with a number of visitor's spaces.
A summary of the accommodation is set out in the tenancy schedule.
- Location: Gloucester
- Size: 622.80 m2 (6703.82 ft2)
- Property: Investment
- Type: For sale
- Status: Sale Agreed