JeffreyRoss are pleased to bring to the market this impressive investment opportunity that further benefits planning for 4 x 1 bedroom apartments. (Planning number - 18/01151/mnr) the property is currently split into 2 apartments, ground floor is a two bedroom apartment with modern fitted kitchen, living room, 2 bedrooms with the front benefiting the bay window and bathroom to the rear. The ground floor further benefits a court yard garden. To the first floor is a duplex 3 bedroom apartment with separate fitted kitchen, bathroom, three double bedrooms and living room. Rents are currently £1,800pcm, £21k per annum - potential of a 7.5% yield.
Please get in touch with our Pontcanna branch for further details.
Entrance Porch
Entrance Hallway
Ground Floor Apartment
Ground floor two bedroom apartment with courtyard garden currently rented for £850 pcm
Hall
Bedroom (4.47m x 4.29m (14'8 x 14'1))
Bedroom Two (3.89m x 3.76m (12'9 x 12'4))
Living Room (3.28m x 4.98m (10'9 x 16'4))
Kitchen (1.83m x 3.53m (6' x 11'7))
Bathroom (1.52m x 2.11m (5' x 6'11))
To The First Floor
Apartment Two
First and second floor, 3 bedroom apartment - currently rented for £950 pcm
Landing
Bedroom (12'8 x 11'7 (39'4"'26'2" x 36'1"'22'11"))
Living Room (3.86m x 3.51m (12'8 x 11'6))
Bathroom (2.08m x 2.16m (6'10 x 7'1))
Bedroom (10' x 12'3 (32'9"' x 39'4"'9'10"))
To The Second Floor
Bedroom (5.54m x 5.46m (18'2 x 17'11))
Tenure
We are advised by our client that the property is Freehold, this is to be confirmed by your legal advisor.
Council Tax
Ground floor - Band C
First floor - Band C
Additional Information
Planning permission for 4 x 1 bedroom apartments - Planning number - 18/01151/mnr
Currently rented for £1,800 pcm / £21,600 pa / 7.5% yield
90 days notices will be needed for the current tenants should any investor looking to convert to 4 apartments.