Investors Dream! Freehold Block of FOUR self-contained APARTMENTS! NO Chain! Total of 7 bedrooms! FIXTURES & Furnishings INCLUDED!
Three Two Bedroom Apartments and One One Bedroom Apartment
Fully rented the property has scope to achieve a total of £38700 (including internet for all properties)
True rents minus the broadband package would be £37500 (Approximately £100 per month)
The block includes a 50:50 split of students and professionals.
Sales & Lettings Angels are delighted to offer this investment property to the market! The property is sold freehold tenure and comprises of FOUR self-contained apartments. This property would make an easy addition to an existing portfolio and currently has three tenancies in place. Due to the location, situated in the popular area of Cathays this property would appeal to both students and professional tenants. On the Ground Floor of the building you have Flat 1 (One Bedroom apartment) at the front of the property and Flat 2 (Two bedroom garden apartment) to the rear). On the First Floor you have Flat 3 (Two Bedroom Apartment) at the rear of the property and the entrance to Flat 4 (Two Bedroom Apartment) which is a duplex apartment leading up to the attic level with one bedroom including a shower-room. The apartments share a communal entrance, leading to all apartments on the ground floor and via the stairs leading to the upper floor apartments. The entrance hallway is also where the utility meters can be found. The apartments currently rented as follows:
Flat 1 (1 Bed): £700 per calendar month including Internet- Tenancy ending December 2021
Flat 2 (2 Bed- WITH GARDEN ACCESS): £850 per calendar month including Internet- Tenancy ending June 2021
Flat 3(2 Bed): £800 per calendar month including Internet- Tenancy ending June 2021
Flat 4(2 Bed): £900 per calendar month including Internet- Tenancy ending June 2021
The property has been converted under the following planning application - CONVERSION OF PROPERTY IN TO 4 SELF CONTAINED FLATS WITH SINGLE STOREY & FIRST
FLOOR REAR EXTENSION WITH LOFT CONVERSION INCLUDING REAR DORMER. The final inspection was carried out on 28/08/2020
Richards Street is an ideal location for students and professionals due to the close proximity to the city centre and close to Cardiff University's main University Campus, Student Union and Heath Park Campus. Inverness place is very close to Albany Road and City Road which contain a range of useful amenities such as local supermarkets (e.g. Tesco Metro, Iceland, Sainsburys Local), bars and eateries (e.g The Pear Tree, Coffee#1, Costa Coffee, The Claude and many more).
The property is very well connected to many transport links, with main roads just a short distance away. Should you require access to a train station then Cathays Station is just a 10 minute walk, meaning that students can easily get home to visit friends and family. For distance to University buildings see below:
The building includes lines for both BT and Virgin connections.
Cardiff University - 13 minute walk, 4 minute cycle