House For Sale £425,000
Ferry Road, , Grangetown

Full description

**Modern Block of APARTMENTS - FOUR self-contained flats- INVESTMENT Opportunity- FREEHOLD Tenure**

Sales & Lettings Angels are delighted to offer this immaculate block of apartments as an ideal investment purchase. The property comprises of four self-contained apartments which are modern, and all recently renovated. All four apartments are rented, and the rental income is currently £2610 per calendar month (7.3% return). There are three one-bedroom apartments and one two-bedroom apartment within the property block. The sale of the property is freehold and there is an excellent potential for capital return on the property. The apartments are finished to a very high standard and consist of double bedrooms and full bathrooms. This apartment block would make an easy addition to an existing portfolio as very little maintenance is expected to be required, due to the excellent condition of the property.

Positioned in the upcoming area of Grangetown, the property overlooks the beautiful Marl Park and Cardiff Bay. The property is within a close to the proximity to Ferry Road Retail Park (10 minute walk) which provides an abundance of amenities such as Argos, Wilko, Home Bargains, JD Sports, McDonalds, ASDA and much more. Mermaid Quay is just a 20 minute walk from the property and the closest train station is Grangetown being only a 12 minute walk. There is an Ikea 5 minutes walk from the property and Cardiff City Centre is only a 35 minute walk from Ferry Road. This investment truly is in an ideal location for working professionals or students.

Flat 1
Flat 1 is a one-bedroom apartment located on the top floor of the property. The apartment comprises of a double bedroom with built in storage, family bathroom and open plan kitchen living area. With this apartment, there is also a mezzanine which is ideal for guests or additional storage. The bedroom is carpeted and at the rear of the property, finished with a matte light grey paint. All fixtures and furnishing will be included in the sale. The bathroom is in the middle of the property and is comprised of a white suite, including a back-to-wall bath and overhead shower, pedestal hand basin and toilet. The bathroom is tiled throughout with matte cream stone effect ceramic tiles. The open plan kitchen living area is to the front of the apartment and has plenty of natural light from the large window at the front of the building, with great views across the Mark Park. There is wood effect flooring in the kitchen living area the kitchen is fitted with electric stove, oven, sink and fridge/freezer. There is a variety of overhead and base white gloss units with T-bar handles. The living area is spacious, modern and inviting. This apartment currently achieves £630 per calendar month.


Flat 2
The second flat is on the second floor and is the only apartment on this level. This apartment is almost identical to Flat 1 (except without the mezzanine) in terms of materials used and the layout. The open plan kitchen living area in this flat does however it does include a bay fronted window, flooding the room with natural light and warmth. This flat currently achieves £610 per calendar month.



Flat 3
This apartment sits over the ground floor and first floor. Being on two levels it makes the property spacious with a carefully designed layout to make the most function-able use of space. The kitchen and separate living area are on the ground floor, with the bedroom and bathroom on the first floor. The kitchen is fitted with electric stove, oven, sink and has a variety of base and overhead units, like those in the other apartments. There is a large glass pane which looks through from the kitchen into the living room, allowing the light into the kitchen. The living room also benefits from a bay fronted window and has plenty of natural light. On the first floor you will find the double bedroom which is carpeted with a dark grey fleck pile carpet, has built in storage and also bay fronted window. The bathroom is tiled with matte cream stone effect tiles and is fitted with a white suite. There is a back-to-wall bath with overhead shower, pedestal hand basin and toilet. This apartment is currently achieving £630 per calendar month.


Flat 4
The two-bedroom apartment is located at the rear of the ground floor and also over the first floor. As you enter the flat you will find the open plan kitchen living area. The kitchen is fitted with hob, oven, sink, fridge freezer and a variety of overhead and base units. The living area invites a corner sofa and has access to the rear garden through glass patio doors. The rear garden is private and enclosed with a fenced perimeter. There is also rear lane access to the property, via the gate. The first bedroom is at the rear of the apartment and is a double room which is carpeted throughout and is finished with the same light grey matte paint as the other flats. The second bedroom and bathroom are located on the first floor. As you go up the stairs, the bathroom is to your left, with the second bedroom straight ahead. The bathroom is finished to the same standard and with the same materials as the other apartments - fall back-to-wall bath, toilet and hand basin with matte stone effect ceramic tiles. The second bedroom is slightly larger in size and is carpeted with the same dark grey flecked carpet.

The apartments are all rented and the current tenancies end June/August/September 2019.

EPC Ratings:
Flat 1: C
Flat 2: C
Flat 3: C
Flat 4: C


If you are interested in this investment opportunity and would like further information or to arrange a viewing, please contact us on 02922 331 425.