An excellent opportunity to acquire a ready made investment of a mixture of one and two bedroom apartments positioned 0.5 mile from Cardiff city centre, with excellnt transport links out of Cardiff. The property is fully let generating a monthly income of £5,175 with a 7.3% yield. The accommodation is set just back from Newport road and was converted to building regs in 2010, the main building is a Victorian conversion with three two bedroom apartments and three one bedrooms. One of the ground floor apartments is accessed from the rear with it’s one private garden. The back of the property has a purpose built coach house with a studio flat and a two bed duplex with garage.
All of the flats have fitted kitchens and three piece bathroom suites all of which could benefit from an upgrade in due course. There is huge further potential for this investment purchase, with the upgrades the new buyer could elevated all of the rents or could increase their return significantly with an air b and b model.
CURRENT RENTS Flat 1- £750 PCM
Flat 2- £600 PCM
Flat 3 -£575 PCM
Flat 4 -£650 PCM
Flat 5-£650 PCM
Flat 6-£650 PCM
Flat 7-£700 PCM
Flat 8-£600 PCM
TWO BEDROOM FLAT LIVING SPACE 17′ 4" x 13′ 9" (5.30m x 4.20m) Open plan living with fitted kitchen, roll top work surfaces with a range of low level and eye level base units, space for white goods, electric hob and oven, stainless steel sink with mixer tap and drainer, wood effect laminate flooring, double glazed bay window, tv and telephone points, sockets.
BEROOM ONE 14′ 1" x 9′ 2" (4.30m x 2.80m) fitted carpet, radiator, double glazed window
BEDROOM TWO 12′ 9" x 7′ 6" (3.90m x 2.30m) double glazed window, fitted carpet, radiator, electrical sockets
BATHROOM 9′ 2" x 3′ 7" (2.80m x 1.10m) three piece bathroom suite with panelled bath and shower over, pedestal wash hand basin, low level wc.
ONE BEDROOM FLAT LOUNGE 11′ 5" x 11′ 1" (3.50m x 3.40m) Double glazed door from garden, wood effect laminate flooring, double glazed window access to further rooms
KITCHEN 14′ 1" x 10′ 5" (4.30m x 3.20m) Fitted kitchen with roll top works surfaces, range of floor and eye level base units, stainless steel sink with mixer tap and drainer, four ring electric hob with electric grill and oven with extractor over, space for white goods
BATHROOM 7′ 6" x 5′ 2" (2.30m x 1.60m) Three piece bathroom suite with stand alone shower, pedestal wash hand basin, low level wc
BEDROOM 10′ 9" x 7′ 10" (3.30m x 2.40m) double glazed window, fitted carpet, radiator
- - 8 x 1 AND 2 BED FLATS
- - COACH HOUSE
- - £62,100 PA INCOME
- - 7.3% YIELD
- - CONVERTED TO BUILDING REGS
- - POTENTIAL REFURBISHMENT UPGRADE
- - CENTRAL LOCATION
- - CONVERTED 2010