This property is no longer on the market
2 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
Mixed use investment property in the centre of the desirable suburb of Rhiwbina, consisting of two retail units, a function room and apartment above.
Description
Mixed use investment property in the centre of the desirable suburb of Rhiwbina, consisting of two retail units, a function room and apartment above.
The two retail units are let to well established local businesses and are well maintained by the occupants. There also is a function space let to a neighbouring restaurant business and an apartment which is also tenanted, above the shops (not inspected).
We have been informed that the current rental income is circa £43,000 representing a initial gross yield of over 11.5%. However, please consult the legal pack for confirmation of all tenancies and incomes when available. In our opinion, there is some room for rental betterment on the residential and function room parts of the building.
The building is on the busy retail street of Heol y Deri in Rhiwbina with a good mix of local independent and national retailers such as Co-Op, Lloyds Pharmacy, Coffi Lab, Snails Deli, and Parsons bakery nearby.
Accommodation
GF - Shop units - Front retail areas, rear stores, WC
Function room (not inspected)
FF - Apartment - Kitchen, hallway, sitting room, Two bedrooms, bathroom, dining room.
OS - Rear path and parking space.
Informed Freehold please refer to legal pack for verification of tenureAdditional Fees
Buyers Premium 1.2% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co
Places of interest
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Property reference 212949. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Seel & Co Auctions - Cardiff.
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Broadband availability and predicted speed: obtained from Ofcom on March 4, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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