Converted two bedroom first floor apartment
in attractive Victorian building
ideal for investment or first time buy - popular village location
entrance hall - living room/kitchen - two good sized bedrooms - shower room - double glazing - energy rating c
The property occupies a pleasant position in the village of Newtown, which has facilities including primary school and post office/mini-market. A wider range of facilities can be found in the nearby historic town of Berkeley, which is famous for its Jenner Museum and Castle. The town also has a good range of local traders. The towns of Dursley and Wotton-under-Edge offer a wider range of shopping, educational and recreational facilities. Commuting to the larger centres of Gloucester, Bristol and Cheltenham is made easily accessible via the nearby A38 and M5/M4 motorway network.
If travelling south on the A38 pass The Prince of Wales Hotel and continue for approximately 1km taking the turning right signposted Berkeley on the B4066 and continue for approximately 1km to the roundabout taking the second exit and continue on the by-pass road to the next roundabout, proceeding straight across and continue for approximately 1km and turn right signposted Newtown and Sharpness. Continue under the railway bridge, proceeding straight across at the next mini-roundabout and as the road bears round to the right, bear left and the property will be found immediately on the right hand side.
The property was converted from a former Co-operative store into seven apartments and finished to a good standard. This attractive Victorian building has high ceilings and the Apartment is accessed from Oldminster Road with a shared entrance hall and stairs leading to private entrance hall with good sized kitchen/living room, two double bedrooms, bathroom, electric heating and bin store. The property has been let at £550 per calendar month, which gives a yield of 5.7%.
(Please note that our room sizes are quoted in metres to the nearest one hundredth of a metre on a wall to wall basis. The imperial equivalent (included in brackets) is only intended as an approximate guide).
Shared entrance hall with stairs to first floor giving access to:
Having large airing cupboard with electric hot water boiler, radiator, access to loft space and double glazed window to front.
4.65m x 4.28m (15'3" x 14'1") - Having a range of wood effect wall and base units with laminated work surfaces over, stainless steel single drainer sink unit, built in oven, ceramic hob with cooker hood over, laminate flooring, radiator.
3.59m x 3.06m (11'9" x 10'0") - Double glazed window to front and radiator.
3.32m x 2.82m (10'11" x 9'3") - Having double glazed windows to rear and side, radiator.,
Having panelled bath with mixer/shower tap, pedestal wash hand basin, low level wc, ladder towel rail, laminate tiled floor, light/shaver point.
There is bin store to the side of the property.
Tenure: The property will be sold with the benefit of a new long lease of approximately 990 years.
Council Tax Band: 'B' (£1,433.78 payable)
Mains electricity, water and drainage are connected.
Ground Rent: £150 per annum.
Management Fee: £350 per annum to include building insurance.
Investment Return: It is anticipated that the property would let for £550 pcm which was recently achieved and this would provide a gross yield of 5.7%.
We may offer prospective purchasers' financial advice in order to assist the progress of the sale. Bennett Jones Partnership introduces only to Kingsbridge Independent Mortgage Advice and if so, may be paid an introductory commission which averages £128.00.
By appointment with the owner's sole agents as over.
MISREPRESENTATION ACT 1967. Messrs. Bennett Jones for themselves and for the Vendors of this property whose agents they are, give notice that: All statements contained in their particulars as to this property are made without responsibility on the part of the Agents or Vendors. None of the statements contained in their particulars as to this property is to be relied on as a statement or representation of fact. Any intending purchasers must satisfy himself by inspection or otherwise as to the correctness of the statements contained in these particulars. The Vendors do not make or give and neither the Agents nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property.