Mixed use 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%.

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.

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.