Fully Let Three Storey Mid Terraced House Divided into 5 flats in Central Location

A substantial three storey bay fronted terraced house converted in to 5 fully let flats comprising of 2 x studio flats to the ground floor, 1 x 1 bedroom flat and 1 x studio to the first floor with a 1 bedroom flat to the second floor. All the flats have independent supplies and external upgrading has been carried out to the front elevation. Flat no. 1 being the front ground floor studio unit has been refurbished along with the top floor one bedroom unit being flat no. 5. In our opinion the building offers a superb investment opportunity. We ae advised that the property currently generates a combined income of £31,500 per annum. We are informed that flats 3 & 4 are let by way of a periodic tenancy with no tenancy agreements available. Please confirm this by way of the legal pack provided. The property is located within the Riverside area of Cardiff and therefore is a short walk to the City Centre and The Principality Stadium, it is also positioned close to local shops, parks, schools, and other amenities. Please note that some of the internal images shown were taken before the tenant of flat 5 moved in.

Ground Floor

Communal hallway.

Flat 1

Lounge/bedroom, kitchen, bathroom. We are advised that the unit is currently let on an AST at £550 per calendar month. Recently refurbished.

Flat 2

Lounge/bedroom, kitchen, bathroom. We are advised that the unit is currently let on an AST at £450 per calendar month.

First Floor

Landing.

Flat 3

Lounge, bedroom, kitchen, bathroom. We are advised that the unit is currently let by way of a periodic tenancy at £450 per calendar month.

Flat 4

Lounge/bedroom, kitchen, bathroom. We are advised that the unit is currently let by way of a periodic tenancy at £450 per calendar month.

Flat 5 (second floor)

Hall, lounge, bedroom, kitchen, bathroom. We are advised that the unit is currently let by way of a periodic tenancy at £725 per calendar month. Recently refurbished

Outside

Forecourt, garden to the rear with substantial garage (not inspected) having secured lane access.

Viewings

Auction House South Wales 02920 475184.

Local Authority

Cardiff Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

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.