Sold Prior
- End of Terrace House
- Tenure: Freehold
Call the team on 02920 475 184 for more information
7 x Studio Apartments & 2 Bed Coach House
An opportunity to acquire a vacant end of terrace three storey property currently divided into 7 x studio apartments in need of upgrading along with a detached two bedroom coach house to the rear on a popular road. The buildings benefit from gas central heating and double glazed fenestration and we are advised that all of the apartments have separate electric meters. We are advised that each of the studio apartments were previously let at approximately £450 p/c/m and the coach house was let at £800 p/c/m. Therefore, the property was previously providing an annual income of £47,400, however, there is scope for betterment by refurbishing the accommodation and raising the income to market rents with studio apartments in the area now commanding rent in excess of £600 p/c/m. The building is located in the popular Cardiff suburb of Grangetown and as such is ideally located within walking distance of the City Centre and Cardiff Bay. Grangetown has a number of local shops, schools, parks and amenities and also provides good access to the A4232 and the M4.
Tenure
Freehold
Ground Floor
Communal entrance hallway, 3 x studio apartments each comprising of a lounge/bedroom with kitchen and shower room.
First floor
Landing, 3 x studio apartments each comprising of a lounge/bedroom with kitchen and shower room.
Second Floor
Studio apartment comprising of a lounge/bedroom with kitchen and shower room.
Coach House
Ground Floor
Lounge open to kitchen, shower room.
First Floor
Landing, two bedrooms.
Outside
Yard to rear.
Viewings
Auction House Wales 02920 475184
Local Authority
Cardiff Council
Solicitors
Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
