House For Sale £325,000
6 Riviere's Avenue, LL29 7DP
previous price £355,000

Full description

A superb investment opportunity which currently achieves an annual income of £28,000.00, with considerable scope to increase. 6 Rivieres Avenue is a substantial Victorian property comprising of six one-bedroom self-contained apartments, with planning approval in place for the development of a further two-bedroom property in the basement. Situated in a popular residential area of Colwyn Bay very near to the town's main shopping district and conservation area, and within a very short walk of Conwy Councils' brand new civic centre development, this property is perfectly located. Added to this the fact that the Welsh Assembly Government and Local Authority are part way through a substantial investment programme in Colwyn Bay, and it is clear to see that this property is a gem with huge potential (further information is available from the local councils' website at http://www.investcolwynbay.co.uk/ ). This property also boasts communal gardens and parking to the rear, and it is very well located to take advantage of the comprehensive local transport network.