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16 bed property, in Westgate Street, £1,390,000
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16 bed flat

Westgate Street, Gloucester, Gloucestershire, GL1
£1,390,000
Listed BuildingFreehold

The property consists of four adjoining units: 29 and 29a, and 31 and 31a. The ground floor shops are each let on a 6-year lease, with 29 let to Crystals UK Ltd at £12,000 per annum and 31 let to a barbers shop at £12,000 per annum, with an expectation of increasing to £15,000 per annum on renewal. The residential upper parts are a 10-bedroom HMO at 29 (producing £75,000 per annum) and a 6-bedroom HMO at 31 (producing £40,000 per annum), both fully let to students. Additional income-generating opportunities exist, including the potential to add two shower rooms at 31a without reducing bedroom numbers. The property is freehold, with a combined total income of £139,000 per annum.