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Agent's details

57 Westgate St and 3/5 Berkeley Street

For sale: £995,000.00|5,818.21 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALE£995,000.00
SIZE5,818.21 Sq Ft
ADDRESS57 Westgate St and 3/5 Berkeley Street
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON7th November 2021


57 Westgate Street is located on the prime retail street in Gloucester City Centre and 3/5 Berkeley Street can be found just off Westgate Street.

The properties are located approx. 100 metres from Gloucester Cathedral and approx. 250 metres from The Cross. Gloucester Quays lies 750 metres to the south and there is abundant car parking facilities in the area. Gloucester bus station and railway station is located 750 metres to the east.

57 Westgate Street

Comprising an imposing former early Georgian Town House with the benefit of a Grade II listed status. it extends to 5 storeys (including a basement), constructed of attractive solid brick under a pitched timber roof, covered with slate tiles. The roof detail includes gabled dormer windows. Attractive features that are visible on the front elevation include dressed stone cornicing, full height double hung sash windows with glazing bars, and fan vaulted brickwork above each window and natural stone detail. The property extends to the rear with additional accommodation that compliments the above main structure.

A full height solid wooden door provides the main entrance with a separate entrance into the shop unit adjacent which is self-contained (trading as Shakes2Go) and discrete from the main building. This comprises ground floor and basement levels. Internally the main building has been professionally converted to provide 12 letting rooms, 5 kitchens, 6 shower/WCs, a communal lounge and a laundry room. It is a registered HMO which has provided student accommodation for the past 16 years.

57 Westgate Street benefits from a gross income of £60,000 across the residential and commercial elements. There is the potential to gain vacant possession of the property in July 2020.

3/5 Berkeley Street

This building comprises a more modern structure of 3 storey brick construction resting under a pitched roof covered with slate tiles. To the rear is a single storey extension. Access is from a single recessed pedestrian door on the front elevation which also includes double hung sash windows with attractive architectural detail.

Internally the building has also been professionally converted to provide high quality residential letting accommodation, comprising 8 letting rooms, 3 shower/WCs and a communal lounge and kitchen. 3/5 Berkeley Street has been designed to accommodate the growing market of young professionals. The property is also a registered HMO.

3/5 Berkeley Street benefits from a gross income of £21,600 p.a however we understand that the income from subletting to be in the region of £48,000 p.a
( Agency Pilot Software Ref: 3906 )


Location: 57 Westgate St and 3/5 Berkeley Street

Gloucester (0.4 miles)

Cheltenham Spa (6.7 miles)

Stroud (8.4 miles)

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