Property description
Description
Sower Estates would like to offer for sale this newly available Freehold property comprising of five self-contained flats. This would make a great opportunity for anyone looking for an investment purchase due to the good rental income as there is a strong demand for rental properties in Cardiff, particularly close to city centre such as this property. The property comprises of five individual flats divided over three floors, each with an open plan living area, double bedroom, and a shower room. Also to the rear of the property is a good sized coach house, which has the potential to be developed into a residential dwelling with two bedrooms, subject to planning approval from the Local Authority. Each flat is currently tenanted for £500 per calendar month, with rent review and increasing rent, bringing in a healthy over £30,000 per annum.
This Victorian terraced property benefits from several attractive period features through, including a period staircase, picture rails, period coving, and mosaic tiled floor in the entrance porch. Other benefits include gas central heating and double glazed windows throughout.
Accommodation (Please Note That All Measurements Are Approximate)
MAIN HOUSE
Ground Floor Front Flat
-Open Living Room/Kitchen (3.8m x 4.9m into bay= 18.5sqm)
Wood effect laminate, radiator, stained glass bay window to front aspect.
-Bedroom (2.8m x 3.2m into bay= 8.9sqm)
-Shower Room (1.3m x 1.8m)
Dual flush low level W.C., wash hand basin, and shower cubicle.
Ground Floor Rear Flat
Open Plan Living Room/Kitchen (3.6m x 3.7m= 13.3sqm)
Attractive original period fireplace, double glazed window to side aspect, fully fitted kitchen with wall and base units, sink, extractor, and inset electric hob.
Bedroom (2.5m x 3.6m= 8.8sqm)
Shower Room (1.2m x 1.5m)
First Floor Rear Flat
Agent Unable To Inspect.
First Floor Front Flat
Open Plan Living Room/Kitchen (4.8m x 4.1m into bay= 19.6sqm)
Bedroom (3.2m x 4m= 12.6sqm)
Shower Room (1.1m x 1.9m= 2.2sqm)
Second Floor Flat
Open Plan Living Room/Kitchen ( 5.1m into alcove x 4.1m= 20.5sqm)
Bedroom (3.2m x 2.9m= 9.4sqm)
Shower Room (2.1 x 1.1m= 2.4sqm)
COACH HOUSE
We have been advised that a planning application has been submitted to develop the coach house as a 2 bedroom dwelling. Pre-application advice given to the current owners was \"highly likely\" by the local authority.
EPC
To be confirmed.
Viewings
Viewings are via Sower Estates as the sole selling agent.
Disclaimer
These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that Sower Estates have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
NoticePlease note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Property Features :
- Investment Opportunity
- Healthy Gross Rental Yield of 8.5%
- Coach House With Potential Further Development for 2 Bedrooms
- Close To City Centre
- Five Self-Contained Flats