4 bed terraced house for sale

Westgate Street, Gloucester GL1

Westgate Street is a versatile three-storey terraced building comprising a commercial unit on the ground floor and three separate one-bedroom apartments on the upper floors. The ground floor offers high-quality office accommodation, extended to the rear, while the upper floors, accessible separately from Westgate Street, present an excellent opportunity for residential use.

Situated at the lower end of Westgate Street, this property boasts a prime location within Gloucester City Centre. It is conveniently positioned near the pedestrianised retail zone, home to prominent retailers such as McDonald's, William Hill, O2, and Moss Bros. The property offers advantageous access to motorway networks via Junctions 11A and 12 of the M5, and is approximately 9 miles west of Cheltenham and 35 miles north of Bristol.

Accommodation Details

Ground Floor (Commercial): 699 sq ft (64.91 sq m)
First Floor (Residential): 1,086 sq ft (100.89 sq m)
Second Floor (Residential): 528 sq ft (49.07 sq m)
Total Area: 2,313 sq ft (214.87 sq m)
Current Rental Income

Apartment One: £850 pcm
Apartment Two: £800 pcm
Apartment Three: £1,000 pcm

The apartments generate a combined annual income of £31,800, with a potential additional income of £12,000 per annum from the office/shop space, thus offering a potential total annual income of £43,800. This represents over a 10% return on investment based on the guide price.

Terms and Price

The freehold property is offered for sale with a guide price of £425,000 exclusive.

Services - All main services are connected to the premises. Prospective occupiers should verify the condition and operation of these services independently.

This property offers a unique investment opportunity with the potential for both commercial and residential income in a thriving city centre location.