Mixed Use Part Investment in Sought After Location

An opportunity to acquire a substantial Grade II partial mixed use investment property within the centre of highly sought after Llandaff Village. We are advised that the original part of the building originally dates back to over 300 years and has since been extended from one and half storeys to its current three storeys in the mid-19th Century. The ground floor is currently occupied and leased to an established tenant being Jaspers Tea Rooms, whilst set within the upper two floors is a spacious light large self-contained three bedroom duplex apartment, benefiting from its own private rear garden. We understand that the income currently being generated by way of the lease to the ground floor commercial element is £16,000 per annum. In our opinion, the residential element could generate an income in excess of £12,000 per annum. Llandaff High Street offers a number of local shops, cafés, restaurants, salons and independent shops. Llandaff boasts reputable independent schools with sought after English and Welsh state schools close by. There are city centre public transport links close-by along with good M4 access via the A48. Within the village is also a Cathedral and pleasant walks along the banks of the River Taff which lead down to the Cardiff City Centre.

Tenure

Freehold

Ground Floor (Jaspers Tea Rooms-Not Inspected)

Four rooms with one of which having access to the private garden of the tea room, kitchen, w/c. Front door on the High Street leading into a hallway with stairs to the first floor.

First Floor

Landing with door leading down a set of steps and into the private garden, two reception rooms, kitchen, shower room

Second Floor

Landing, three bedrooms, w/c.

Outside

Private Garden for the apartment. Private garden for the tea rooms.

Tenancies

We understand the ground floor is currently leased at £16,000 per annum, please refer to the legal pack for further information.

Viewing Schedule

Through Auction House Wales 02920 475184 or via our Partner Agents Hern & Crabtree (Llandaff) on 02920 555198

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.