Development/Investment Opportunity - Cyfle Datblygu/Buddsoddi

A pair of semi detached mixed use properties, both comprising of a retail unit to the ground floor and a three bedroom maisonette to the upper floors. To the rear of the property is a pair of single garages. We are informed that the garage belonging to no.87 is vacant whilst the other is held under the current lease arrangement for no.85. In our opinion, the property offers an excellent investment opportunity and a further significant development opportunity of the entire site (please see site development brief prepared by Cardiff Council within the legal pack for further information). We are informed that both properties currently produce a combined annual income of £17,000 per annum on internal repairing leases. This income is generated by way of no. 85 being leased by way of a 10 year term from 26th October 2019 at £9,000 per annum and no. 87 being leased by way of a 5 year term from 17th May 2017 at £8,000 per annum. Please note that we have not internally inspected the properties at the time of release. Eiddo pâr defnydd cymysg, y ddau’n cynnwys uned manwerthu ar y llawr gwaelod a fflat deulawr tair ystafell wely ar y lloriau uchaf. Mae dwy garej sengl yng nghefn yr adeilad. Rhoddwyd gwybod i ni fod y garej sy’n eiddo i rif 87 yn wag tra bod trefniant prydles ar rif 85. Yn ein barn ni, mae’r eiddo’n cynnig cyfle buddsoddi rhagorol a chyfle sylweddol i ddatblygu’r safle cyfan ymhellach (gweler y briff datblygu safle a baratowyd gan Gyngor Caerdydd sydd yn y pecyn cyfreithiol i gael rhagor o wybodaeth). Rhoddwyd gwybod i ni fod y ddau eiddo ar hyn o bryd yn cynhyrchu cyfanswm incwm o £17,000 y flwyddyn ar brydlesi atgyweirio mewnol. Caiff yr incwm hwn ei gynhyrchu gan fod rhif 85 ar brydles 10 mlynedd o 26 Hydref 2019 am £9,000 y flwyddyn a rhif 87 ar brydles 5 mlynedd o 17 Mai 2017 am £8,000 y flwyddyn. Sylwer nad ydym wedi archwilio’r ddau eiddo yn fewnol ar adeg eu rhyddhau.

Tenure

See Legal Pack

Viewing Schedule / Ymweliadau:

Auction House South Wales 02920 475184.

Local Authority

Cardiff Council

Solicitors

Cardiff Council Legal Team, The Courtyard, County Hall, Atlantic Wharf, Cardiff, CF10 4UW, Ref: Mr Rodri Thomas

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.