6 bedroom Terraced House For Sale
Whitchurch Road, Heath, Cardiff, CF14
£799,950 | For Sale
Great investor opportunity to own a mixed use property, consisting of 4 x residential apartments and 2 x commercial units. The development also comes with two garages to the rear. All units are currently occupied with a gross yield of 7%, with potential for over 8.7% Yield.
Total income currently - £5000 per month / £60000 per year
Total potential income - £6000 per month / £72000 per year
NOTES:
The advertised purchase price is not subject to VAT and can be transferred as going concern.
The commercial tenants have very recently renewed their lease for a further 2 years.
All of the residential apartments are fully compliant with occupation contracts in place. All four properties have a great rental history with very minimal void periods due to the sought after location and proximity to the hospital, and there are no current rent arrears.
The development is situated within easy access of transport links and the A470 for Heads of The Valley and M4 corridor.
Overview - Freehold substantial sized two storey mid terraced property with two garages and private garden areas.
Flat 1 - Modern 1 bedroom apartment. Fully compliant rental property achieving £850 PCM. Modern presentation and fully furnished.
Flat 2 - Modern one bedroom apartment. Fully compliant rental property achieving £725PCM. Modern presentation with integrated appliances. Future potential market rent is £850PCM
Flat 3 – Dated two bedroom apartment. Fully compliant rental property achieving £775 PCM. Dated presentation. Potential rent once property is modernised in the region of £1000 PCM.
Flat 4 - Two bedroom apartment. Fully compliant rental property achieving £850 PCM. Modern presentation. Potential rent is in the region of £1000 PCM.
Commercial units: Current combined rent is £1600 PCM, with potential rental income after review of £1900 per month.
Each unit is approximately 350 sq ft. Unit one is a fully fitted takeaway and unit two is operating as a nail bar, which are both very popular and busy businesses within the area.
Partially refurbished traditional build. Quick access to Gabalfa roundabout, providing easy access to A48, M4 and the A470.
Garages: Two self-contained garages. One is currently occupied by the owner for storage purposes and the second is rented out for £200 PCM. Combined potential income for the two garages would be £400 PCM.
EPC INFORMATION
FLAT 1 - EPC RATING E
FLAT 2 - EPC RATING D
FLAT 3 - EPC RATING D
FLAT 4 - EPC RATING E EPC rating: Unknown. Council tax band: X, Tenure: Freehold,
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
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