Devonian & Ulsterville, Butterrow Hill, Stroud, Gloucestershire, GL5 2LE
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Read more Read moreFreehold development opportunity comprising a pair of 4 storey, semi detached buildings (4066 sq ft) arranged as 4 x 2 bedroom duplex maisonettes (3 let, 1 vacant). Occupying a large site of 0.38 acres with potential for further development subject to planning. The property is held in 4 titles to be sold as one lot, adjacent to the Thames and Severn Canal on the south eastern approach to Stroud. The maisonettes require refurbishment. There is good potential to add value to the existing properties and build additional dwellings on the large site, subject to the usual consents. The ground / lower ground floor Devonian maisonette is let on an AST at £450 pm. The upper maisonette is let on an AST with passing rent at £300 pm, the rent has been temporarily reduced because a ceiling in one room requires repair. The ground / lower ground floor Ulsterville maisonette is subject to a regulated tenancy, currently producing £425 pm, the upper maisonette is vacant. We refer bidders to the legal pack for a schedule of tenancies.
