ARCHIVE | July 17 Results

LOT 54

Gloucester CITY CENTRE GUIDE PRICE : £350 K +++ 30-32, BRUNSWICK ROAD, CITY CENTRE, GLOUCSTER GL1 1JJ

PROPERTY AREA 5370.8 ft 2 /499.0 m 2

Conversion or HMO opportunity 30 and 32 Brunswick Road are a pair of imposing period properties most recently been used as office space but is sold freehold with vacant possession and now in need of modernisation + rear access and parking for 5 + vehicles from Parliament Street. Residential Development Buyers should note the positive PreApp discussions from Gloucester Council to convert the building into 9 Flats (8 x 2 beds & 1 x 1 bed). We understand the values of the 2 beds to be approximately £140,000 per unit and £110,000 for the 1 bed. • Potential GDV £1.23m HMO Investment Subject to gaining the necessary consents there is scope to convert the building into an HMO investment. • Scope for between 10 and 15 HMO rooms. • We understand the rental income is approximately £350 per room/pcm • Potential annual income £42,000-£63,000

73

Made with FlippingBook HTML5