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Gloucestershire Business News

£2.25m investment opportunity hits the market

An impressive portfolio of 16 modern apartments in Brockworth has been listed for sale through chartered surveyors Ash and Co and estate agents Michael Tuck.

Near to to Brockworth's Tesco superstore, Belgrave House is a modern development with commercial units on the ground floor and one and two-bedroom residential flats on three floors above.

A unique opportunity has arisen to purchase 16 of the 25 flats within the block, which generate rent of £142,296 per year when fully let.

The apartments have been finished to a high standard throughout, with open plan kitchen and living areas, modern bathrooms and balconies. Each flat also has an allocated parking space and a number of visitor's spaces nearby.

The portfolio is being advertised with a guide price of £2.25million, which is said to reflect an initial yield of 6.32 per cent and capital value equating to approximately £190 per sq ft.

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