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Sold STC

Building Plot / Land, Vere Street

Cardiff
Guide Price£299,950
0Beds
1Baths
Property ID: 103441001007

Description

Vere street is at the heart of an area just off City road that is at the start of a huge regeneration project. This development opportunity could be a fantastic project for a local developer looking to add rental income to their portfolio. With planning permission already in place for three residential flats and two commercial units, a retrospective planning application could be applied for, for a full residential block of four to five flats with an additional floor added, as per many agreed applications in the area.

Positioned on the corner, the property is set over three floors and has dual aspect views, bringing in a huge amount of light. A potential GDV of £500,000 – £550,000, depending on build, can generate circa £38,000 -£42,000 per annum bringing in a healthy rental yield of 7.6%. All buyers must conduct their own due-diligence, as these figures are a guide.

ENTRANCE HALL 18′ 2" x 11′ 9" (5.54m x 3.58m) Access into wide receiving hallway, access to storage area, stair case to first floor

STORAGE AREA 20′ 6" x 13′ 1" (6.25m x 3.99m) Large storage area, door leading to outside front, access into further storage, area to be converted into a commercial unit or possible one bedroom apartment.

STORAGE AREA TWO 20′ 7" x 8′ 8" (6.27m x 2.64m) Possible area for bike store, continuation of commercial unit

STUDIO ROOM 21′ 11" x 21′ 2" (6.68m x 6.45m) Large studio area positioned on the corner of the building with a huge amount of light from the double glazed windows to front and side

BATHROOM AND STORAGE AREA 14′ 6" x 11′ 7" (4.42m x 3.53m) Area for storage, bathroom facilities with stand alone shower, wash hand basin and low level WC, stair case leading to top floor.

UPPER STUDIO ROOM 21′ 10" x 11′ 11" (6.65m x 3.63m) High vaulted ceilings with original beams, Window to side, access into hallway.

HALLWAY AND STORAGE AREA 11′ 9" x 10′ 4" (3.58m x 3.15m) Access to all rooms on top floor, storage area

SMALL STUDIO ROOM 10′ 5" x 10′ 2" (3.18m x 3.1m) Double glazed window to front

KITCHEN 22′ 5" x 10′ 9" (6.83m x 3.28m) Fitted kitchen with roll top work surface, double glazed window to front and side bringing in a huge amount of light.

Brochure & Floor Plans

Additional Features

  • - REGENERATION AREA
  • - DEVELOPMENT WITH PLANNING
  • - 3 X FLATS 2 X COMMERCIAL
  • - SET OVER THREE FLOORS
  • - CLOSE TO CITY CENTRE
  • - POSSIBLE RETROSPECTIVE PLANNING
Contact

Agent Information

Oliver Griffiths

Mobile: 07815 648769 Email: oliver@nexacardiff.com
Oliver has joined Nexa Cardiff with over 16 years agency experience in both sales and lettings. Having worked for Jackson Stops in West London Richmond for 8 years, over seeing a high performing office, Oliver moved back to Cardiff in 2018. Oliver brings a wealth of knowledge, contacts and industry recognition, in 2016 Oliver won […]

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