Woodmancote, Dursley GL11

£300,000

Guide price

  • Bedrooms: 5
Unique investment opportunity providing a good yield - five flats in converted period house close to town centre - currently fully occupied - communal entrance hall and stairway - office - two ground floor studio flats - first floor studio flat and one bed flat - second floor one bed flat - fire alarm system - emergency lighting - attractive communal gardens - cellar - energy rating E (average of the flats) - Current gross rent £22,692 per annum

SituationThese five flats are situated in this converted town house in Woodmancote, which is a popular older part of the town set on the A4135 within walking distance of Dursley town centre. The town has a range of facilities including Sainsbury's supermarket, numerous independent retailers, swimming pool and library, public houses and restaurants. The town is also well placed for travel throughout the south west via the A38 and M5/M4 motorway network. There is a 'Park and Ride' railway station in the adjoining village of Cam with regular services to Bristol, Bath and Gloucester.

DirectionsFrom Dursley town centre proceed out of town through Silver Street on the A4135 and continue taking the second exit at the mini-roundabout and No.13 Woodmancote will be found on the left hand side.

DescriptionThis Investment opportunity should not be missed. Ideal for local investor, five studio apartments and flats in converted town house providing good yield. The flats are laid out over three floors having two ground floor studio flats and office, first floor good sized studio flat and one bedroom flat and a second one floor one bedroom flat. All properties have electric heating, there is a cellar and attractive enclosed gardens which are of a good size and shared between the residents. The five flats are let on Assured Shorthold Tenancies of varying lengths and currently provides a gross rent of £22,692 per annum.

Entrance HallwayHaving stained glass front door, stairs to first floor, door to cellar and door to garden.

Cellar (4.54m x 3.35m (14'11" x 11'0"))Having meters and power.

Office (3.62m x 2.73m (11'11" x 8'11"))Having a period fireplace, windows to front with shutters.

Studio Flat Five Living/Bedroom (4.72m x 3.62m (15'6" x 11'11"))Having night storage heater, window to front with shutters.

Kitchen (3.2m x 1.98m (10'6" x 6'6"))Having a range of wall and base units, laminated work surfaces over, stainless steel single drainer sink unit, hot water cylinder and electric cooker.

BathroomHaving a panelled bath, wc, wash hand basin and extractor.

Studio Flat Four Entrance HallGiving access to:

Lounge/Bedroom (4.84m x 3.67m widening to 5.57m (15'11" x 12'0" widening to 18'3"))Having night storage heater, window to rear and door to:

Kitchen (3.11m x 1.99m (10'2" x 6'6"))Having a range of wall and base units, electric cooker, stainless steel single drainer sink unit, plumbing for automatic washing machine, double glazed windows to rear and side.

BathroomHaving bath, wc, wash hand basin, hot water immersion tank and window to side.

On The First Floor

LandingGiving access to:

Studio Flat ThreeHaving entrance hall giving access to:

Living/Bedroom (6.83m x narrowing to 3.53 x 5.04m (22'5" x narrowing to 11'7" x 16'6"))Having double glazed window to rear and night storage heater.

Kitchen/Dining Room (4.17m x 1.92m (13'8" x 6'4"))Having a range of wall and base units, stainless steel single drainer sink unit, electric cooker and plumbing for automatic washing machine.

BathroomHaving low level suite comprising panelled bath, wc, wash hand basin, window to side and immersion tank/heater.

Flat TwoHaving entrance hall giving access to:

Lounge/Kitchen (4.81m x 3.63m (15'9" x 11'11"))Having a range of wall and base units, stainless steel single drainer sink unit, night storage heater and electric cooker.

Bedroom (3.55m x 2.29m (11'8" x 7'6"))Having window to front.

Bathroom (2.95m x 2.47m (9'8" x 8'1"))Having bath with shower over, wc and wash hand basin.

On The Second Floor

LandingGiving access to:

Flat OneHaving entrance hall giving access to:

Living Room (3.98m x 3.64m (13'1" x 11'11"))Having window to front, ornamental fireplace and night storage heater.

Kitchen (2.0m x 2.15m (6'7" x 7'1"))Having a range of wall and base units, electric cooker, stainless steel single drainer sink unit.

Bedroom (3.58m x 3.12m (11'9" x 10'3"))Having window to front.

BathroomHaving bath, wc and wash hand basin.

ExternallyThe property has paved forecourt fronting the pavement and the rear garden is enclosed by stone walling and is extensively laid to lawn with raised flower borders, seating area and ornamental stone walling.

Agents NoteTenure: Freehold.

Each flat has a separate Council Tax charge with Tax Band 'A'.

Each flat is separately metered.

All apartments are let on an Assured Shorthold Tenancy and are generally on a periodic basis,

Gross Rent: £22,692 per Annum.

The property is registered as an hmo.

The property is Grade II Listed and has fire certificate.

Financial ServicesWe 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.

ViewingBy 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.

Arrange viewing 01453 299924

Bennett Jones Partnership

31 Parsonage Street, Dursley, Gloucestershire, GL11 4AA

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