This freehold property presents a rare investment opportunity in proximity to Gloucester City Centre, featuring a ground floor shop and two self-contained one-bedroom flats above. The layout allows for flexibility in use, whether to maintain as an active commercial space while renting the residential units or to explore different configurations.
The shop area is accessible through a welcoming entrance with double-glazed windows that provide natural light. An inner hallway leads to additional storage and a cloakroom. With power and lighting already installed, this space offers immediate functionality yet possesses significant potential for modernization, allowing investors to enhance its appeal.
The upper flats each feature practical layouts that can benefit from refurbishment. Flat 1 includes a bright lounge/diner with dual aspect windows, providing versatility for tenants. The adjoining kitchen and bathroom are functional but could be upgraded to attract higher rental yields. Flat 2 mirrors these features, presenting similar opportunities for improvements that could increase overall property value.
The communal entrance serves both flats and is equipped with stairs leading to upper levels, enhancing access and usability. Additional features include an enclosed rear garden that has potential for landscaping or outdoor use.
With the shop currently leased on a four-year agreement generating £750 per month and the two flats also tenanted at £700 and £750 respectively, this property generates an appealing income stream as is. Given its location close to the city center, there is room not only for rental increases post-renovation but also potential for long-term capital appreciation.
All essential services such as mains water, electricity, and drainage are connected. This multifaceted property appeals to investors seeking immediate income along with the prospect of increasing value through strategic enhancements.
